Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure
Mortgage rates in New Hampshire
Interest rates on a 30-year $300,000 conventional mortgage start at around 3.125%
If you have a credit score between 700 and 719 and can put 5% down, you’ll generally pay about 3.188% for a 30-year conventional loan with a fixed interest rate on a $350,000 home. But how much interest you pay for your New Hampshire home will depend on several factors, including your credit score, loan amount and lender.
Rates were last checked on October 6 and are from the Consumer Financial Protection Bureau (CFPB) website.
Your credit score affects the rate you’ll get
People with higher credit scores generally get lower interest rates because lenders assume they’re less likely to stop paying a mortgage. Here are the most common interest rates in New Hampshire by mortgage amount, according to the Consumer Financial Protection Bureau (CFPB).
|Credit score||$200,000 mortgage||$300,000 mortgage||$400,000 mortgage||$500,000 mortgage|
*Based on a 10% down payment for a 30-year fixed-rate conventional mortgage
Interest rates vary by lender
Interest rates are affected by the economy and the federal funds rate, or the rate that banks charge each other for overnight loans. But they’re also affected by individual lenders, which can have differing overhead costs, profit margins and credit score requirements.
Comparing lenders can help you find the best deal. Select See rates to provide the company with basic property and financial details for personalized rates.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Interest rates also vary by loan type
The type of loan you get can also affect how much you pay for your New Hampshire home. 15-year mortgages generally offer lower interest rates than 30-year mortgages, and you’ll see different rates for conventional loans than government loans.
|Loan type||$200,000 mortgage||$300,000 mortgage||$400,000 mortgage||$500,000 mortgage|
|15-year FHA||2.750%||2.500%||Not elegible||Not elegible|
|30-year FHA||3.125%||3.000%||Not elegible||Not elegible|
*Based on a 10% down payment, fixed interest rate and 710 credit score
Research ahead of time to get the best rates
Here are a few tips to help you get a better rate on your next home loan:
- Compare loan products. Lenders usually have different loan programs with different rates. Research each lenders to see what program and rate you may qualify for.
- Work on your credit. Payback any outstanding debts and make on time payments to increase your credit score. This makes you a more attractive borrower to lenders.
- Know your closing costs. Lenders in New Hampshire usually charge between 1.47% to 2.2% of the purchase price of the home in closing costs in New Hampshire. Some lenders may advertise lower mortgage rates but have high closing costs. Be sure to weigh your interest rate against the closing costs to make sure you’re getting the best deal.
Home values in New Hampshire predicted to rise into 2022
Home prices in New Hampshire are going up. According to Zillow, the price of a typical home in New Hampshire jumped 21% in the 12 months prior to June 2021. And it looks like the trend will continue well into mid-2022.
The biggest price increases are projected for the cities of Danbury, Tamworth and Sandwich, which may rise by 15.4%, 14.5% and 13.7% by June 2022. As for the rest of the Granite State, prices are expected to rise anywhere between 2.2% and 13.6%, depending on the area.
For those looking for greater affordability, Suncook, Manchester, Portsmouth, Litchfield and Nashua may be worth looking into.
5 fast facts about New Hampshire’s housing market
If you’re looking to buy a home in New Hampshire, here are five facts you should know:
- The average price of a house in New Hampshire is $374,599 as of June 2021, which is 25% higher than the national average.
- The 2019 US Census calculated the cost of owning a home in New Hampshire is around $1,948 with a mortgage, which is 22% more than the national average.
- Closing costs in New Hampshire run about 2.56% with taxes. New Hampshire ranks 7th out of 50 states for highest closing costs.
- New Hampshirites pay an average of 2.05% in property taxes, which is nearly double the national average, according to SmartAsset. However, residents don’t pay sales taxes on goods or state income tax on W-2 wages.
- Redfin claims 65.3% of homes sold in New Hampshire in 2021 went for more than the asking price.
Mortgage rates in New Hampshire vary by loan type, and factors like your credit score and lender affect what rate you get. But factors like your credit score and lender affect what rate you get. Compare mortgage lenders and programs to find one that best fits your homeownership goals.
More guides on Finder
How President Biden’s administration can affect mortgage rates
Biden took office on Wednesday, but interest rates didn’t seem to take much note. Here’s the outlook for the year ahead.
Investing in pet stocks
Here’s what investors need to know about the rising pet market and how to capitalize on its potentially high growth potential.
FHFA extends foreclosure and eviction protection into 2021: What hopeful homebuyers need to know
What hopeful homebuyers need to know.
Croatia opens up to US tourists despite EU travel ban
The coastal nation along the Adriatic Sea is now welcoming US travelers — here’s what to know.
Mortgage rates in Hawaii
Hawaii mortgage rates typically come in slightly below the national average.
Mortgage rates in New York
Mortgage rates in New York generally fall below the national average and don’t vary much between loan types.
Mortgage rates in Wyoming
Mortgage rates in Wyoming jump around the national average.
Mortgage rates in Wisconsin
They’ve generally been above the national average since 1985.
Mortgage rates in Washington
Washington rates are usually under the national average.
Mortgage rates in West Virginia
Mortgage rates in West Virginia are usually higher than the national average.
Ask an Expert