How to Buy a House in New Hampshire
Updated 2026-03-02 | Data from Zillow, HUD, Tax Foundation
Avg Home Price
$528,377
Closing Costs
$17,309
3.28% of price
Property Tax Rate
1.41%
$6,097/yr median
Days on Market
25
Median
FHA Loan Limit
$472,030
Attorney Required
Yes
Foreclosure Type
Non-Judicial
Transfer Tax
0.75%
$0.75 per $100
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Key Facts About Buying in New Hampshire
- ✓No state income tax or sales tax
- ✓Among the highest property tax rates in the nation
- ✓Very fast-moving market (25 days median)
- ✓Attorney required at closing
The Home Buying Process in New Hampshire
Buying a home in New Hampshire follows a 10-step process. As an attorney state, you'll need legal representation at closing.
1
Check Your Credit Score & Finances
2
Get Pre-Approved for a Mortgage
3
Find a Real Estate Agent
4
Search for Homes & Make an Offer
5
Get a Home Inspection
6
Secure Your Financing
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First-Time Buyer Programs in New Hampshire
NHHFA Home Flex Plus
Below-market mortgages with cash assistance
Up to $20,000 in assistanceIncome: Up to $137,400
Cost of Buying a Home in New Hampshire
| Down Payment (3.5% FHA) | $18,493 |
| Down Payment (20% Conventional) | $105,675 |
| Average Closing Costs | $17,309 |
| Transfer Tax | $3,963 |
| Annual Property Tax (est.) | $7,450/yr |
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Legal & Regulatory Details in New Hampshire
Homestead Exemption
Available
Up to $120,000
Licensing Authority
New Hampshire Real Estate Commission
New Hampshire Real Estate Law Overview
| Conveyance Document | Warranty and quitclaim deeds |
| Security Instrument | Mortgage |
| Foreclosure Process | Non-Judicial |
| Attorney Required at Closing | Yes |
| Deficiency Judgment | Yes |
| Redemption After Sale | No |
| Reinstatement Available | No |
| Seller Disclosures | Mandatory disclosures include insulation, private sewage and water systems, and environmental hazards such as lead paint and radon. Sellers need not personally disclose other defects, but their agents must reveal any known material defects. |
