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The Single Family Mortgage Program provides first mortgage financing at below market rates, 30- or 40-year* fixed rates, options with 1 point or with no points, low down payment requirements, cash assistance grants, and other flexible underwriting criteria. To qualify for the program, borrowers must meet certain income limits and purchase price limits.
Loans are originated by participating banks, mortgage companies and credit unions throughout the state. FHA, VA, RD and PMI (private mortgage insurance) loans qualify. Many 2-4 family homes are eligible under the program, as are manufactured homes (if on their own land or in an approved manufactured housing cooperative).**
In most areas of the state participants must be low and moderate income New Hampshire home buyers who have not owned a home in the past three years or are currently a home owner purchasing in a targeted area.
To apply for the program, contact one of our participating lenders. For more information about the program, contact New Hampshire Housing's Home Ownership Division at 1-800-649-0470.
New Hampshire Owned Real Estate
List of Manufactured Housing Cooperatives
(from NH Community Loan Fund)
New Hampshire Housing loans are eligible to be combined with the new $8,000 federal first-time home buyer tax credit under the American Recovery and Reinvestment Act of 2009 if you purchase your home after December 31, 2008 and before December 1, 2009.
* 40-year loans are not available through all mortgage insurers
** Manufactured Homes are not eligible for New Hampshire Housing's 40-year mortgage products.
