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Home Loans for New Hampshire
Due to the increase in home prices throughout New Hampshire, the Federal Housing Authority (FHA) has increased its maximum loan amount for 2022 to stay in step with homebuyers who need to finance most of the purchase price. The new loan limits for single-family homes in New Hampshire range from $420,680 to $770,500, depending on […]
Over the past year, scores of people escaped to rural New Hampshire and ended up buying a second home. And then they rented out their first home back in the city. Can you do that? Can you get a mortgage to buy a second home and then rent out your first home? The answer is, […]
Lots of people call me after vacationing in a cabin in the mountains or a lakeside cottage to explore the possibility of becoming the proud owner of a beautiful vacation home. Let’s face it, the idea that you can list a vacation home on Airbnb or VRBO and get other people to pay for your […]
Normally, when purchasing or refinancing a home, your lender is going to require an appraisal of that home. Under certain circumstances, you might be offered an “appraisal waiver,” saving you the cost of the appraisal and the time required to get that appraisal. To get this waiver, Fannie Mae’s or Freddie Mac’s AUS must give […]
The Realtor you sign on with represents YOU, and this comes with many benefits: A Realtor will do the work to search for homes that meet your criteria in current listings and future listings after you have compiled a list of features you would like your home to have. Once you have found a home […]
The Federal Housing Finance Agency (FHFA) has announced new maximum conforming loan limits for 2019. The new limits set by the FHFA reflect the increase in home prices across the country, making it easier for more borrowers to qualify for financing and achieve the goal of homeownership. New loan limits Baseline maximum conforming loan limits […]
The Home Start Homebuyer Tax Credit from the New Hampshire Housing Finance Authority (NHHFA) is a money-saving program for first-time homebuyers. This is a federal Mortgage Credit Certificate (MCC) program. If you qualify, and receive a Mortgage Credit Certificate issued through the NHHFA, you can claim a federal tax credit for a portion of the […]
NHHFA, or the New Hampshire Housing Finance Authority, is one of the many resources we can utilize to help homebuyers finance their new home. Many home finance programs require homebuyer education which we can arrange through NHHFA. When you need down payment cash assistance The Home Flex Plus program from NHHFA provides cash assistance for […]
You may have an idea of what a “large” mortgage means to you, but in the mortgage world, we have something called “jumbo” mortgages. These are mortgages that are so large, they are greater than the Fannie Mae or Freddie Mac conforming loan size which is normally $453,100 unless you’re in Rockingham or Strafford Counties […]
When Realtors© and mortgage lenders have a good relationship, transactions go smoothly. We have cultivated incredible working relationships with some of the best Realtors© in NH. Far too often we’ve heard horror stories from Realtors that have stemmed from poor working relationships with mortgage lenders. For example, a homebuyer’s financing gets delayed and they have […]
In this article we offer some answers and clarifications to common questions about VA home loans in New Hampshire. VA Loan Limits and Purchase Price Limits – What’s the maximum? The VA does not have a maximum loan amount or purchase price limit. You can borrow a million dollars on a VA loan if […]
In New Hampshire, there are SO MANY TOWNS that qualify for a USDA rural development loan, it’s far easier to list the towns that don’t qualify. In alphabetical order, the towns that don’t qualify are: Concord Derry Dover Hudson Keene Londonderry Manchester Merrimack Nashua Portsmouth Rochester Salem …and parts of Goffstown and Hooksett due to population. […]
Did you serve our country? If you are a veteran of the armed services, reservist, active duty, or surviving spouse of a veteran, then you may be eligible for a VA loan to purchase a new home or refinance your existing home. Why use a VA Loan? That is a good question. There are many […]
Do you dream of waking up in your own home overlooking a mountain or a beautiful lake? If your dream vacation home is in New Hampshire, we can help make it affordable for you with low, fixed rate vacation home loans. We finance a variety of second home types like condominiums, single-family homes and three-season […]
The mortgage industry can be a confusing maze when trying to determine how much you qualify for, how much cash you need, and how to get the lowest monthly payment. The two largest families of loan programs are Conventional and FHA programs. To keep things simple, here is a list of the primary benefits to […]
Do you love your home but need some major repairs? Do you want to update a certain room in your home? Do you want to put an addition on your home to give you and your family a little more room? Is your dream home a fixer upper? These are just a few of the […]
There are many different loan programs offered here in New Hampshire. Start here to make your dreams of home ownership a reality! 10 Easy Steps to Buying a Home in New Hampshire There are so many questions that need to be answered when buying a home, especially if you are a first-time home buyer. Where […]
If you are a First Time Home Buyer or want to buy a home with little or no money down, here are a few mortgage programs available to choose from in New Hampshire. Rural Development Loan (RD Loan) program from The US Department of Agriculture The USDA offers a program called the RD or Rural […]
With a strong rental market and historically low mortgage rates, the opportunities for purchasing rental properties in the current market are unprecedented. You can purchase an investment property for one of two reasons. The first is to repair and then resell the property. The second is to rent out the property for the income stream – […]
If you’ve been thinking of purchasing or refinancing a home that is in need of repairs, the Federal Housing Administration (FHA) 203(k) rehab loan might be for you. There are two types of 203(k) mortgages: streamlined and standard. The streamlined version is for smaller projects and is a less-involved process. Whether it’s for a Purchase or […]