Are you a NH First-Time Home Buyer? Wondering what you’ll need to qualify or which mortgage program is right for you?

Well, I have great news for you!

There are many different loan programs that are designed to meet the needs of a first-time homebuyer. Some of the most popular first-time homebuyer loans utilize government mortgage programs such as:

  • FHA Loans – 3.5% down payment, 30-year fixed mortgage.
  • VA Loans  – $0 down. Must meet VA eligibility requirements.
  • USDA  Rural Developments Loans – $0 down. Must purchase in an approved Rural Development area and be below the maximum income limits.
  • New Hampshire Housing Finance Authority (NHHFA) grant programs and other programs that assist with down payments.
  • Rehab loans – Provide you with 96.5% of the money to buy the home and provide you with 96.5% of the money to fix it up. Great for buying a bank-owned home or other fixer-upper property (That’s only 3.5% of your own money).

The process of buying your first home starts with a pre-qualification. I have many referrals of trusted lenders that can help you determine the following:

  • What price range you qualify for
  • Which mortgage programs best meet your needs
  • How much cash you need
  • What the monthly payment will be

If you have questions call Kevin Cooper at 603-657-6787

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