New Hampshire Housing Finance Authority NHHFA Loans

This Single Family Mortgage Program is designed primarily for first -time home buyers and provides 30 -year Fixed Rate Mortgages with:

  • Below market interest rates
  • Options with points or with no points
  • Low down payment requirements
  • Cash assistance option
  • And other flexible underwriting criteria

The interest rate available is usually below conventional mortgage interest rates.

To qualify for the program, borrowers must meet certain income and purchase price limits.

In most areas of the state, participants must also be first-time home buyers. However, persons buying homes in target areas may have already owned a home.

This is a great program for buyers with limited resources.

Cash Assistance

This easy option to our Single Family Mortgage Program, provides a cash assistance grant equal to a maximum of 2% of the loan amount to help borrowers defray the cost of down payment, closing costs, and prepaid escrow expenses associated with purchasing a home. Borrowers must contribute a minimum of 1% (based on purchase price), using their own funds (excluding gifts). No cash back is allowed at closing. Income, purchase price and all other guidelines, follow the Single Family Mortgage Program. There is no monthly payment on the cash assistance grant portion.

The full amount of the grant is due upon sale of the property, refinance of the�mortgage�or non-owner occupancy of the property.

For more information on NHHFA loans contact Tom O’Brien Today!