FHA Loans in New Hampshire
The FHA loan limit in New Hampshire is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
New Hampshire's FHA limits cover most of the state's housing stock, though some homes in the most desirable southern-tier communities (Nashua, Bedford, Hollis) may approach or exceed the limit as prices have risen. FHA works well in Manchester, Concord, and the Lakes Region where prices are more moderate. New Hampshire's housing stock includes many well-maintained colonial and cape-style homes that generally pass FHA appraisals, though older homes may trigger concerns about aged heating systems and insulation.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,761
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $555 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,761 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at New Hampshire's average rate of 1.41%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in New Hampshire
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (New Hampshire) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
