First-Time Home Buyer New Hampshire 2026
Your complete guide to buying your first home in New Hampshire. 2+ down payment assistance programs, FHA loans from 5.98%, and step-by-step guidance.
What First-Time Buyer Programs Are Available in New Hampshire?
New Hampshire offers 2 major first-time home buyer assistance programs. These include NHHFA Home Flex Plus, NH Purchase Rehab. Programs provide up to $10,000 in down payment assistance through grants, forgivable loans, and below-market interest rates.
How Much Do I Need to Buy in New Hampshire?
You can buy a home in New Hampshire with as little as $0 down. VA and USDA loans require zero down payment. FHA loans need just 3.5% ($$15,575), and conventional loans start at 3% ($$13,350) on the median price of $445,000.
| Loan Type | Down Payment | $ Amount | Monthly P&I | Min Credit |
|---|---|---|---|---|
| VA Loan | 0% | $0 | $2,648 | 620 |
| USDA Loan | 0% | $0 | $2,720 | 640 |
| Conventional 3% | 3% | $13,350 | $2,638 | 620 |
| FHA Loan | 3.5% | $15,575 | $2,569 | 580 |
| Conventional 20% | 20% | $89,000 | $2,176 | 620 |
New Hampshire Down Payment Assistance Programs
NHHFA Home Flex Plus
DPA as second mortgage
NH Purchase Rehab
Purchase + renovation financing
5 Steps to Buy Your First Home in New Hampshire
To buy your first home in New Hampshire, start by checking your credit score, getting pre-approved, and researching DPA programs. The entire process typically takes 30-60 days from pre-approval to closing. Here's your step-by-step roadmap.
Check Your Credit & Finances
Review your credit score (aim for 620+), calculate your debt-to-income ratio, and save for closing costs. In New Hampshire, you may need as little as $15,575 for an FHA down payment.
Get Pre-Approved
Compare rates from at least 3 lenders. Current New Hampshire rates: 6.18% (30-year), 5.98% (FHA). Pre-approval shows sellers you're serious and locks your rate.
Apply for New Hampshire DPA Programs
New Hampshire has 2+ DPA programs. The NHHFA Home Flex Plus offers up to $10,000. Apply early—funding can be limited.
House Hunt & Make an Offer
Popular cities in New Hampshire: Manchester, Nashua, Concord, Derry, Dover. Median price is $445,000 (+8.2% YoY). Work with a local real estate agent who knows the market.
Close on Your New Home
Closing costs in New Hampshire typically run 2-5% of the purchase price ($13,350-$22,250). Some DPA programs also cover closing costs.
Start Your New Hampshire Home Buying Journey
Get pre-approved in minutes and see what you qualify for.
Get Pre-Approved NowNew Hampshire First-Time Buyer FAQ
What first-time home buyer programs are available in New Hampshire?
New Hampshire offers 2 major programs: NHHFA Home Flex Plus, NH Purchase Rehab. These provide grants, forgivable loans, and below-market rates for down payment and closing cost assistance.
How much down payment do I need in New Hampshire?
As little as $0 (VA/USDA), $$13,350 (3% conventional), or $$15,575 (3.5% FHA) on the median price of $445,000.
What income do I need to buy in New Hampshire?
Using the 28% rule, you'd need approximately $$110,104/year. The median household income in New Hampshire is $83,449.
What is the FHA loan limit in New Hampshire?
The 2026 FHA loan limit in New Hampshire is $472,030. The conforming loan limit is $766,550.