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First-Time Buyer loans in New Hampshire

Quick answer

First-time buyers in New Hampshire can use FHA (3.5% down), conventional 97 (3% down), VA or USDA loans, plus programs from New Hampshire Housing. On a $367,200 home, 3% down is about $11,016.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

First-Time Buyer loan snapshot for New Hampshire

ItemEstimate
Minimum down payment0%–3.5%
Minimum credit score580–620
Typical NH home value$367,200
3.5% down on typical home$12,852
20% down on typical home$73,440
Avg. effective property tax1.77%/yr (~$542/mo)
Income for typical home (31% rule)$126,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which New Hampshire programs pair with First-Time Buyer loans?

  • Home Flex Plus: An FHA first mortgage with down payment assistance.
  • Home Preferred Plus: A conventional first mortgage with reduced mortgage insurance and assistance.

Details and current limits: New Hampshire Housing.

Compare first-time buyer loan options

LoanMin. downMin. creditMortgage insurance
FHA3.5%5801.75% upfront + annual MIP
Conventional 97 / HomeReady / Home Possible3%620PMI, removable
VA0%Lender-set (~580–620)None (funding fee)
USDA0%~6401% upfront + 0.35% annual

Who counts as a first-time home buyer?

Under HUD and most agency definitions, you're a first-time buyer if you haven't owned a principal residence in the last three years. Single parents and displaced homemakers who only owned with a former spouse may also qualify.

First-Time Buyer loans in New Hampshire cities

First-Time Buyer in ManchesterFirst-Time Buyer in NashuaFirst-Time Buyer in ConcordFirst-Time Buyer in DoverFirst-Time Buyer in RochesterFirst-Time Buyer in KeeneFirst-Time Buyer in PortsmouthFirst-Time Buyer in DerryFirst-Time Buyer in LaconiaFirst-Time Buyer in LebanonFirst-Time Buyer in ClaremontFirst-Time Buyer in LondonderryFirst-Time Buyer in SomersworthFirst-Time Buyer in DurhamFirst-Time Buyer in Exeter

Frequently asked questions

Yes. First-Time Buyer loans are available statewide in New Hampshire through approved lenders, subject to county loan limits where they apply.

Often yes. New Hampshire Housing and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve New Hampshire.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.