Compare the Latest Mortgage Rates in New Hampshire
If you’re exploring purchase or refinance loan options in Manchester, Nashua, Concord, Derry, Dover, or other New Hampshire cities, start by checking the most up-to-date mortgage rates. With numerous loan programs available, you can find the perfect monthly payment plan and terms to help make your homeownership goals achievable.
Get a quoteThese rates, annual percentage rates (APRs), monthly payments, and discount points reflect current market conditions and are subject to change at any time. Calculations are based on a borrower with a FICO® Score of 780 or higher and the specified down payment for each loan product. They also assume the loan is for a single-family primary residence, and that the borrower will purchase up to one mortgage discount point to lower the interest rate. To learn more about discount points and how they work, connect with one of our expert mortgage loan officers today.
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Purchase rates
Conventional Fixed Rate Loans
Conventional fixed-rate mortgages provide predictable monthly payments and a stable interest rate throughout the term, typically available in 15-, 20-, or 30-year options. Borrowers generally need a down payment between 3% and 20%, and may be required to pay private mortgage insurance (PMI) depending on equity. Factors such as credit score, closing costs, and property appraisal play an essential role in the approval process.
Conforming Adjustable Rate Mortgage (ARM) Loans
Adjustable-rate mortgages feature interest rates that change over time, starting lower than traditional fixed-rate options. Borrowers enjoy lower initial monthly payments but should be aware that payments can rise if interest rates increase. This loan type suits homeowners who are comfortable with some variability or plan to sell or refinance before the adjustment period.
Federal Housing Administration (FHA) Loans
FHA loans, insured by the Federal Housing Administration, are designed for borrowers who may not have perfect credit or large down payments. Typically requiring just 3.5% down, these loans make homeownership accessible for many first-time buyers. However, they do require mortgage insurance premiums for added lender protection.
Veteran Affairs (VA) Loans
VA loans, guaranteed by the U.S. Department of Veterans Affairs, are exclusive to eligible veterans, active-duty service members, and their families. They offer benefits such as no down payment, no private mortgage insurance, and competitive interest rates, making them one of the most affordable mortgage options available to qualified applicants.
Jumbo Loans
Jumbo mortgages are designed for properties that exceed conventional loan limits, commonly used in higher-priced real estate markets. These loans often require larger down payments, strong credit histories, and higher income verification. Due to their non-conforming nature, interest rates can be slightly higher than standard loan types.
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Refinance rates
Conventional Fixed rate loans
A conventional fixed-rate refinance provides consistent payments with a stable rate over the life of the loan, available in 15-, 20-, or 30-year terms. To avoid private mortgage insurance, homeowners should have at least 20% equity in their property. Key factors include credit score, closing costs, and current home value.
Conforming Adjustable Rate Mortgage (ARM) Loans
A conforming ARM refinance starts with a lower rate that adjusts over time, potentially reducing initial payments. This option benefits homeowners planning to sell or refinance again before the rate adjusts. However, borrowers should be comfortable with possible rate fluctuations.
Federal Housing Administration (FHA) Loans
FHA refinance loans allow current homeowners to lower payments, consolidate debt, or switch from adjustable to fixed rates. They are accessible even to borrowers with moderate credit, requiring low equity levels and a minimal down payment. Mortgage insurance premiums remain part of the loan’s structure.
Veteran Affairs (VA) Loans
VA refinance programs, including Interest Rate Reduction Refinance Loans (IRRRLs), help veterans and service members reduce interest rates or adjust loan terms. These loans maintain the same no-down-payment and no-PMI benefits, offering lower monthly payments and improved financial flexibility.
Jumbo Loans
Jumbo refinance loans cater to high-value properties above conventional limits. They enable borrowers to lower rates, access equity, or modify loan terms. Due to their size and risk profile, lenders often require strong credit and a substantial income-to-debt ratio.
Frequently asked questions about mortgage rates
1. How often do mortgage rates change?
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2. What factors determine my mortgage rate?
3. What are mortgage discount points?
4. Can I lock in my mortgage rate?
5. What’s the difference between APR and interest rate?
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