Down Payment Assistance Programs in NH
Down Payment Assistance
Are you ready to buy a home but having a little trouble coming up with the funds needed for a down payment? You may qualify for down payment assistance in NH with a program from New Hampshire Housing Finance Authority (NHHFA). Their cash assistance programs range from $5,000, $10,000, $15,000, $20,000, and even $25,000 as of January 2025. Even with the cash assistance, expect to contribute from your own funds a minimum of 1% of the purchase price. There are income limits, purchase limits, and other requirements for these and all other NHHFA programs.
Home First Government: Combines New Hampshire Housing with FHA, VA, or Rural Development. These programs are available with Down Payment Assistance or get a lower interest rate without the assistance!
Home Conventional: Combines New Hampshire Housing with Conventional Financing for more property choices. Like the Home First Government program, these programs are available with Down Payment Assistance or get a lower interest rate without the assistance!
Home Flex and the Fannie Preferred programs: Combines New Hampshire Housing with FHA, VA, RD, and Conventional with less restrictive income limits. These programs have Down Payment Assistance like the Home First and Home Conventional Programs.
How does this work? Here’s how: The homebuyer is given a 0% interest, 0 payment cash-assist second mortgage for the amount of the assistance. This cash-assist second mortgage is forgivable after 4 years. There are no income limits and to sweeten the pie even more, the less cash assistance you need, the lower the interest rate.
Source: NHHFA 12/17/24.
Even if you don’t qualify for a NHHFA down payment/cash assistance program, you have other options to minimize your cash requirements:
- $0 down programs
- Seller-paid closing costs
- Lender-paid closing costs
Get the details & see if you qualify!
If you are interested in finding out more about down payment assistance, NHHFA programs, zero-down programs, or other first-time home buyer programs contact Charley at (603) 471-9300 or send an email below to ask a question, or if you're ready to proceed click on either of the links below to get started. Your information will be kept completely private.
NOTE: Be sure to have a PDF or picture of the following items in hand to upload as you fill out the application:
- Your two most recent tax returns (1040s, schedules, and W-2s)
- Your two most recent pay stubs (if you receive them)
To begin your application, be sure to have a PDF or picture of the following items in hand:
- Your two most recent tax returns (1040s, schedules, and W-2s)
- Your two most recent pay stubs (if you receive them)