1stGenHomeNH is a new pilot program from the NHHFA that provides $10,000 down payment assistance to be used towards down payment, closing costs and prepaid escrows on a purchase. The grant functions as a $10,000, 4-year forgivable second mortgage. This program is being offered on a first-come, first-served basis on applications dated after June 1, 2023 as funding is limited during the pilot program. NH Housing reserves the right to suspend or terminate this initiative at any time.
To be eligible the borrowers must:
- Be a first-generation homebuyer
- Be purchasing a single-family primary (1-4 unit) residence in NH
- Complete face-to-face homebuyer education offered through either AHEAD, HOMEteam or the Housing Partnership (minimum 6 hours course).
- Must be used in conjunction with the NH Housing First Mortgage Program
What is a First-Generation Homebuyer?
For purposes of the 1stGenHomeNH Program, first-generation homebuyers are borrowers that do not currently, nor have previously owned a home; their parents/legal guardians do not currently, nor have they previously owned a home in the homebuyer’s lifetime; their non-borrowing spouse (if applicable) does not currently, nor has previously, owned a home. If borrowers were in foster care or legally reside in the United States as refugees or under asylum status granted by USCIS, they also qualify as first-time homebuyers.
*Additional terms and conditions apply. Subject to underwriting approval.
For complete details and to get started on your application, contact Charley by phone at 603-471-9300 or use the form below. Your information will be kept completely private.