New Hampshire Mortgage Rates

Compare New Hampshire mortgage rates and choose the best option for your needs.

By Myfin Team
Updated April 16, 2024
Loan Type
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Purchase Price
Down payment
Loan term
  • 10-Year Fixed
  • 15-Year Fixed
  • 20-Year Fixed
  • 30-Year Fixed
  • 40-Year Fixed
  • 1-Year ARM
  • 3-Year ARM
  • 5-Year ARM
  • 7-Year ARM
  • 10-Year ARM
  • 3-Year ARM I/O
  • 5-Year ARM I/O
  • 7-Year ARM I/O
  • I/O = Interest only
Credit score
  • 740-850
  • 720-739
  • 700-719
  • 680-699
  • 660-679
  • 640-659
  • 620-639
  • 350-620
More options
  • Up to 3
  • 0
  • 0-1
  • 1-2
Property type
  • Single Family
  • Condo (Less than 4 stores)
  • Condo (More than 4 stores)
  • 41 - 2 units
  • 42 - 3 units
  • 43 - 4 units
Property use type
  • Primary Residence
  • Second Home
  • Investment
Showing 4 mortgages
Includes 0.125 Points ($400)
30-Year Fixed;
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Includes 0.46 Points ($1,472)
30-Year Fixed;
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NMLS#Not a Lender
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  • $0 down payment for Veterans homebuying with a VA Loan
  • Secure preapproval quickly with 24/7 access
  • Tap into a network of 9,000+ Veteran-friendly real estate agents
  • 350,000+ verified customer reviews, 4.8/5 average rating
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. More information on rates and product details.
For example, if you apply for a 15-year $400,000 mortgage with an interest rate of 6.15% and a down payment of 10% you would receive $360,000 and make 180 payments of $3,067.14. The total amount paid would be $552,084.

Mortgage in New Hampshire: Top Lenders in 2024

Looking to purchase a home in the vibrant state of New Hampshire? Utilizing a mortgage loan is often the most convenient route, regardless of whether you're eyeing a spacious residential property or a cozy apartment. However, it's crucial to note that the terms of home loans can vary significantly among different lenders (use our mortgage calculator to estimate your future expenses). In this comprehensive guide, we'll delve into the top-rated lenders, helping you identify the ones that align best with your needs and preferences.

NH Mortgage Lenders Comparison

All the lenders under review are reputable companies known for their reasonable rates and proven track records. To provide you with comprehensive information, we will compare them based on several key criteria, including APR, minimum down payment, eligibility requirements, and more.

Quicken Loans Mortgage

Quicken Loans is the previous brand name of Rocket Mortgage, the US-wide leader in capitalization across consumer lenders, adopted in 1999. As such, you receive the same options, terms, and services as with the latter. These offerings span from straightforward conventional mortgages, whether fixed or adjustable, to jumbo loans, home equity products, HELOCs, and federally-insured programs like FHA and VA loans, catering to both purchase and refinancing needs.

For conventional loans, a minimum credit score of 620 is required. The advertised APR for a 30-year fixed-rate mortgage stands at 7.199%, positioned slightly higher compared to similar offers. With operations spanning across all states and Washington D.C., Rocket Mortgage ensures accessibility nationwide.

Pros: Cons:
High availability. No construction loans.
Easy application process. Rates above the market average.
Plethora of experience.


AmeriSave has established itself as a nationwide lender since its foundation in 2002. Nonetheless, the lender originates from Georgia. This affiliation often translates into enticing offers for residents of the state. The lender's credibility is underscored by its stellar ratings from BBB (A+) and Trustpilot (4.3/5).

Their advertised rate of 4.899% necessitates a FICO score of at least 740 and a 20% down payment. However, it's common for your actual rate to surpass the advertised one. For conventional loans, a credit score of 620 is required, while government-insured plans are accessible starting from a score of 600.

Pros: Cons:
Highly lucrative mortgage rates. Not all of the lender fees included in the closing costs are transparently disclosed at the lender’s website.
Diversity of loan types offered. This includes purchase and refinancing with fixed and adjustable rates, as well as the three main kinds of government-backed loans (FHA, VA and USDA).
Easy and convenient, mobile-friendly application process.

First Citizens Bank

First Citizens Bank is among the oldest and largest banks in the United States that serve retail customers.

Mortgages offered by the bank come with either fixed or adjustable interest rates. Under optimal conditions, the fixed APR stands at 6.289% for a 15-year term, 6.256% for a 20-year term, and 6.602% for a 30-year term. Additionally, purchasing points upfront (equivalent to 1% of the principal) can potentially lower the APR. The bank requires applicants to have a minimum of two years of employment history, a credit score of 620 or higher, and a debt-to-income ratio (DTI) of no more than 43%.

Pros: Cons:
Extremely well-established. The bank has been around since forever, engaging in a broad variety of financial services. The website is scanty concerning lender fees (e.g., an underwriting fee can be expected).
Offers variable-rate mortgages. These can be especially handy if you plan on selling or refinancing.

Average Mortgage Rate in New Hampshire from 1978 to 2018

The chart shows average conventional mortgage 30-Year Fixed Rates in New Hampshire.

Source: Federal Housing Finance Agency Monthly Interest Rate Survey

Information about the Housing Market and Real Estate Prices in New Hampshire

Criteria Amount, $
The median home value in New Hampshire $356,884
The income required to buy the median priced home in New Hampshire $58,474
The monthly mortgage payment required to buy the median priced home in New Hampshire $1,354
The median household income for New Hampshire $84,276

Things to Consider When Choosing a Mortgage Lender

A mortgage loan implies making a serious commitment for a period of 15 to 30 years. Therefore, it is very important to think twice before signing a contract with a particular lender. There are some basic aspects to consider when choosing a lending organization.

Type of Lender

In essence, there are two main options: traditional banks and online mortgage lenders. Banks often present appealing rates, but they typically conduct rigorous credit checks. The approval process tends to be lengthier, and meeting eligibility criteria can be challenging. On the other hand, online lenders operate with greater speed, and their requirements for homebuyers are generally less stringent.

APR and Fees

Every loan incurs costs, and a mortgage is no exception. These costs extend beyond just the interest rate and encompass additional fees like the origination fee, mortgage insurance fee, closing costs, and more. As of the current writing, in New Hampshire, the average mortgage rate for a fixed-rate 30-year loan stands at 6.58%.

Terms and Conditions

Here, it's crucial to factor in the minimum down payment requirement, which can range from 0% to 20% depending on the loan type and your current status (such as military, employed, self-employed, etc.). Another significant parameter is the lifespan of the loan, which denotes its total length. Common options include 15 and 30 years.

What Mortgage Lender is the Number One in New Hampshire?

The list of reliable NH mortgage lenders is extensive, so it's hard to give an unambiguous answer to this question. Everything depends. For example, one of the industry leaders is Rocket Mortgage with a loan volume of $11.5 billion for the year 2021. To take your pick wisely, check our list of recommended lenders.

First-Time Homebuyer Programs in New Hampshire

Navigating the process of buying a home for the first time can be daunting. Fortunately, residents of New Hampshire can access various governmental programs designed to enhance mortgage affordability.

  1. Federal Housing Administration (FHA) loan program. Under this initiative, buyers receive insurance from the federal government, with the insurance fee rolled into the total loan cost. In exchange, homebuyers enjoy significant benefits, including low-interest rates and minimal credit requirements. With this program, FICO scores as low as 500 and a debt-to-income ratio of just 50% are accepted.
  2. USDA loan program. Geared towards those residing in rural areas, this program offers participants the opportunity to secure a mortgage loan with a zero down payment. However, eligibility hinges on ensuring that their annual income does not exceed 115% of the average income in the region.
  3. VA loan programs. Insured by the Department of Veteran Affairs, these mortgage options cater to former military personnel or their spouses, providing accessible pathways to homeownership.

Pre-Approval: What Does It Mean?

Preliminary approval is a sort of confirmation of a prospective homebuyer’s credibility. It lets home sellers know that lenders are ready to approve a mortgage loan to the buyer. To get a pre-approval one needs to provide documentary evidence of his paying capacity. A typical document set includes earning statements, account statements, a W2 form, or an alternative proof of income for at least 2 years. Additionally, it’s necessary to fill in the Uniform Residential Loan Application form.


Whether I Qualify for a Mortgage in New Hampshire or Not?

Qualification requirements for mortgage borrowers can slightly vary in different lending entities, but in most cases, they include a credit score of 620 and higher, and a debt-to-income ratio of at least 50%. Also, you need to provide evidence of your paying capacity and credibility: tax and account statements, employment status, credit reports, etc. Finally, you must be able to make the required down payment.

What is the maximum mortgage duration in NH?

The maximum length of a mortgage loan in the US is 30 years. There can be some exceptions with unqualified mortgages where the term can reach 40 years. However, these cases are very rare, and the terms of such loans are far from being favorable.

What is the mortgage rate right now in New Hampshire?

There is no simple answer to this question, as the final APR is defined individually for each borrower. However, there are average values for every US state. In New Hampshire, the current average mortgage rate for a 30-year period is 6.58%. For the term of 15 years, it is 5.98%.