Homebuyers looking for downpayment assistance to help finance a new home now have two great options from New Hampshire Housing.
In addition to the existing Home Flex Plus program (FHA, VA, and USDA/RD insured), which provides up to 3% in cash help for those financing through a government-insured program, homebuyers now have the option of the new Home Preferred Plus program. Home Preferred Plus is a conventional mortgage program that provides 3% cash to help with downpayment and closing costs.
Like Home Flex Plus, the new conventional financing downpayment assistance program is offered through the New Hampshire Housing network of participating lenders. Borrowers can contact one through GoNHHousing.com/participating-lenders.
To qualify for the 3% cash downpayment help on both the Home Flex Plus and the new Home Preferred Plus, eligible borrowers must be at or below certain income limits. The cash assistance comes in the form of a second mortgage that is forgiven in full after four years.
Another program that many new homebuyers qualify for, regardless of who finances their home, is the Homebuyer Tax Credit program, available only through New Hampshire Housing. It provides a federal tax benefit of up to $2,000 every year that the homeowner lives in their home and continues to have a mortgage.
Find out about all New Hampshire Housing homeownership programs at GoNHHousing.com.
About New Hampshire Housing: As a self-supporting public corporation, New Hampshire Housing Finance Authority promotes, finances and supports affordable housing. NHHFA operates a number of rental and homeownership programs designed to assist low- and moderate-income persons with obtaining affordable housing. Since its inception, NHHFA has helped more than 50,000 families purchase their own homes and has been instrumental in financing the creation of almost 15,000 multi-family housing units.
NHHFA.org | #NHHFAHousing | Facebook @NewHampshireHousing | Twitter @NHHFA
- NHHFA FY18 Annual Report
- NHHFA Housing Market Reports
- 2018 New Hampshire Residential Rental Cost Survey report
- A New Hampshire Homeowner’s Guide to Accessory Dwelling Units
- Accessory Dwelling Units in New Hampshire: A Guide for Municipalities
- New Hampshire housing market, economic and demographic data and research at