Get Up to $15,000 for Your First Home

New Hampshire Housing mortgage programs provide up to $15,000 in down payment and closing cost assistance for qualified first-time homebuyers, low- or no-down-payment options, and 30-year fixed rates.

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NH Mortgage Programs That Make Buying Your First Home Easier

To qualify, you must first complete our New Homebuyer Education course and receive your first mortgage through New Hampshire Housing.

Program Income Limits by Product:

Home First - Income and Purchase Price Limits
Home Flex Plus - Maximum household income $184,500
Home Preferred Plus - Household income up to 80% Area Median Income (AMI), verified through Fannie Mae AMI Lookup Tool
Home Preferred Plus Over 80% AMI - Conventional financing available for household incomes between 80% AMI and $184,5200

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Down Payment Assistance

Down payment assistance up to $15,000* to be used towards your down payment and closing costs.

Flexible Purchasing Options

Buyers may purchase a single-family home, condo, manufactured home, or 1-4 unit owner-occupied home.

Low Downpayment Requirement

Downpayment requirements typically range from 0% to 3.5% depending on mortgage program.

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Frequently Asked Questions About Mortgage Programs

What mortgage programs are available?

New Hampshire Housing offers several mortgage options designed for different homebuyers and financial situations, including conventional, FHA, VA, and USDA loans. Options may include low or no down payment requirements, down payment and closing cost assistance, and programs for purchasing or renovating a home.

How much down payment assistance is available?

New Hampshire Housing mortgage programs may offer up to $15,000 in down payment and closing cost assistance, depending on the program.

Do I need 20% down to buy a home?

No. Some New Hampshire Housing programs offer low or no down payment options, including conventional financing with as little as 3% down for eligible borrowers.

Do I have to complete homebuyer education?

Yes. Homebuyer education is required to access New Hampshire Housing down payment and closing cost assistance. The specific education requirement can vary by program.

What can the assistance be used for?

The assistance can be used toward your down payment and eligible closing costs, helping reduce the amount of cash you need upfront.

Do I have to repay the down payment assistance?

Yes. The assistance is structured as a second mortgage with 0% interest, no periodic payments, and a 30-year term. It generally becomes due if you sell, refinance, stop using the home as your primary residence, file for bankruptcy, or reach the end of the 30-year term.

*Downpayment assistance is provided as second mortgage with zero % interest and APR, no required monthly payments and a 30-year term. Must be paired with a NH Housing First mortgage to qualify. Additional terms, limits and conditions may apply.