2015 First Time Home Buyer Programs for New Hampshire USDA Rural Development Loan The USDA Rural Development Loan is a zero down loan, meaning you can finance the entire price of the property. The biggest stipulation is that the property must be located in targeted rural area. Credit score minimum is 620. Seller can pay 6% of purchase price toward buyers closing closing costs. Home Preferred Program Home Preferred Program is a loan with 0 points offers a mortgage insurance discount to help keep monthly payments low. Buyers can finance condominiums, single family and one to four unit properties. Borrower to prove their creditworthiness, and must meet income limits determined by area. Qualified buyers in New Hampshire may VA Loan Great fixed rate programs for veteran buyers or active duty military personnel in Army, Navy, Marine Corps, Air Force, Coast Guard, and National Guard (Military Reserve are eligible with 6 years of service) with no money down or down payment required or private mortgage insurance. There is a 620 minimum credit score. Home Start Homebuyer Tax Credit Program Home Start Homebuyer Tax Credit Program allows first time homebuyers to reduce the tax paid on mortgage insurance by 10 percent to 50 percent (up to $2,000). Qualified buyers in New Hampshire may apply. Home Flex Purchase Rehab Home Flex Purchase Rehab is geared towards borrowers, first time or repeat, that anticipating incurring renovation costs. The purchase rehab program allows borrowers to borrow up to $35,000 for renovations. The qualifying terms for the Home Flex Purchase Rehab vary which means speaking to a representative directly will provide the most clarity. Home Flex Purchase Rehab can be combined with the Home Flex Plus Program. Qualified buyers in New Hampshire may apply. FHA Loan The FHA Loan has a low down payment of 3.5%. There is a minimum credit score of 580 and the entire down payment can be a gift, or from state assistance programs or grants. Lastly sellers can pay 6% of purchase price toward buyers closing. Home Flex Plus Down Payment Program Home Flex Plus Down Payment Program for government insured loans, provides 3 percent of the loan amount and does not need to be repaid. Flexible underwriting guidelines apply. Qualified buyers in New Hampshire may apply. Home Preferred No MI Program Home Preferred No MI Program is a loan with 0 points eliminates the need for mortgage insurance. Borrower to prove their creditworthiness, and must meet income limits determined by area. Buyers can finance condominiums, single family and one to four unit properties. Qualified buyers in New Hampshire may apply.
To apply visit http://buyerprograms.net/New-Hampshire