New Hampshire Housing Mortgages Not Just For First-Time Home Buyers

For the first time in its 35 years of mortgage lending, New Hampshire Housing Finance Authority will offer affordable mortgage loans and downpayment assistance to all income qualified homebuyers throughout the state – not just first-time buyers.

Since 1976, New Hampshire Housing has provided nearly 39,000 mortgage loans to low- and moderate-income families and individuals. Approximately 90 percent of those loans have been to first-time buyers who were able to take advantage of the many benefits of the agency’s programs, such as homebuyer education, cash assistance for downpayment and closing costs, and low downpayment requirements.

Now, with the launch of the agency’s newly revamped loan programs, those same benefits are available to current homeowners who wish to purchase a new home. The revised program structures will also benefit New Hampshire Housing’s lending partners and real estate professionals through more streamlined application, underwriting and closing processes.

New Hampshire Housing’s new mortgages, which are available from a statewide network of participating lenders, include 30-year, fixed-rate mortgages; low downpayment requirements; cash assistance to help with closing costs and downpayment; and government as well as private mortgage insurance options.  In keeping with New Hampshire Housing’s mission to serve low- and moderate-income buyers, income limits will still apply.  Homebuyers can also take advantage of New Hampshire Housing’s free, comprehensive homebuyer education seminars.

For more information about New Hampshire Housing and the full range of services and mortgage products offered, please visit www.GoNewHampshireHousing.com.

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1 Comment

  1. Jo-Ann Belanger

     /  July 6, 2012

    The link for http://www.GoNewHampshireHousing.com is not working. 🙂

    Reply

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