New Hampshire FHA loans are home loans insured by the FHA (Federal Housing Administration) which give New Hampshire borrowers the opportunity to secure NH home loans, when they don't quality for other conventional loans. For example, future New Hampshire homeowners with little credit history or poor credit history are sometimes able to qualify for New Hampshire FHA loans.
New Hampshire FHA Loans for First Time Homeowners
NH FHA loans are ideal for first-time New Hampshire homeowners due to low down-payment requirements and flexible qualifying guidelines.
Refinancing with FHA Loans in New Hampshire
FHA also offers a refinancing option for New Hampshire homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.
FHA Loan Requirements - New Hampshire
- No income limit
- New Hampshire borrower credit score flexibility
- 3.5% down payment on New Hampshire Purchase Loans
- Bankruptcy: NH FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
New Hampshire (NH) FHA Loan Limits
FHA loan limits in New Hampshire vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in New Hampshire), etc. Please contact Home Point Financial's New Hampshire FHA loan experts for details on loan limits for FHA loans in New Hampshire (NH).