Mortgage Programs & Selling Guide

New Hampshire Housing offers a variety of mortgage products for low- to moderate-income households. Features include cash assistance for downpayment and closing costs, low PMI products, purchase/rehabilitation loans, and mortgage credit certificates (Homebuyer Tax Credit Program/MCC) that can save buyers up to $2,000 on their taxes.

Special Lender Notices Concerning Our COVID-19 Response. During the COVID-19 pandemic, New Hampshire Housing may issue temporary Lender Notices that provide underwriting and policy guidance as it relates to our programs. They are located on the Lender Notices and Updates page.


Our Home Flex program offers cash for downpayment and closing costs, and can also provide funds for rehabilitation of the property. Our government-insured programs (FHA, VA, RD) offer many great options, including money for downpayments and closing costs, rehab loans, and refinancing.

Home Flex 
Home Flex  Limited 203k
Home Flex Plus with Cash Assistance Second Mortgage
Home Flex Refinance Options
Home Flex Streamline Refinance
Home Flex RD Rehab

July 9, 2020 – Trailing Documents Policy
February 18, 2020 – Home Flex Rehabilitation Changes
September 30, 2019 – RD Max Rate Removal / USDA Final Rule Notice – Single Close Construction, Elimination of Interest Rate Cap
July 12, 2019New Documents Required for All Cash Assistance Loans
July 3, 2019 – Follow Up to FHA Mortgagee Letter 19-06
July 3, 2019 – Private Flood Insurance Policies Mandatory Language
June 14, 2019 – HB 740 Update – Cash Assistance Mortgage and the Banking Department
May 17, 2019 – Home Flex Plus Rate Notice: 4.990%
April 25, 2019 – FHA Mortgagee Letter 2019-06 Postponed for 90 Days
April 22, 2019 – Update: FHA Mortgagee Letter 19-06 on Cash Assistance
April 19, 2019 – FHA Mortgagee Letter 19-06
November 15, 2018 – Banking Department Update and Cash Assistance Mortgage Information
July 26, 2018 – Lender Notice on Home Flex Plus
June 15, 2018Updated Cash Assistance Policy
June 15, 2018 – Cash Assistance Program Changes effective 7/16/18 – Lender Notice, Program Policy and Exhibits/Forms
April 10, 2018 – Future Change in Home Flex

Home Preferred and Home Preferred Plus beat HomeReady® by offering great features only available to lower-income borrowers:

  • Minimum MI coverage (18%) — lower than HomeReady®!
  • No loan level price adjustments
  • Up to 3% downpayment assistance
  • Lowest possible rate for borrowers at or below 80% AMI
  • Minimum 620 credit score

Home Preferred  Marketing Sheet
Home Preferred
Home Preferred Manufactured Housing ROCs  |  Borrower Information
Home Preferred  Manufactured Housing ROCs with Cash Assistance Second Mortgage
Home Preferred Plus with Cash Assistance Second Mortgage


June 15, 2020  – 2020 NH HomeReady Incomes|2020 NH HomeReady Income Comparisons
September 3, 2019Home Preferred Program Changes
August 1, 2019Fannie Mae Changes Coming in September
July 3, 2019 – Follow Up to FHA Mortgagee Letter 19-06
July 3, 2019 – Private Flood Insurance Policies Mandatory Language
July 25, 2019New Hampshire Housing’s Home Preferred: Better for Your HomeReady Borrowers
July 22, 2019 – New Hampshire Housing is Ready for Your Conventional Borrowers!
January 25, 2019Home Preferred  Program Changes
December 20, 2018Home Preferred Cash with Assistance and New Home Preferred Income Limits
June 15, 2018Updated Cash Assistance Policy
February 16,2018 – Thank you to our partners
January 12, 2018 – Home Preferred Program Update

Our Homebuyer Tax Credit Program provides borrowers with an MCC, which can give them up to $2,000 toward their federal taxes every year for the life of the mortgage loan.

Homebuyer Tax Credit/ Mortgage Credit Certificate (MCC)

June 4, 2020 – Home Start Homebuyer Tax Credit (MCC)
February 20, 2020 – Important News! Free MCC! Limited Time Offer
October 1, 2019 – Mortgage Credit Certificate News
February 27, 2019 – Save Your Borrowers Thousands
September 12, 2018 – Pre-Approval Policy and Procedures
August 10, 2018Lender Notice: VirPack Document Delivery Portal Update and Instruction Guide.
May 31, 2018MCC Income and Purchase Price Change
February 23, 2018MCC Update
August 19, 2015 Homebuyer Tax Credit (HBTC) Variance for Adjustable Rate Mortgages