New Hampshire Mortgage and Refinance Rates

Current mortgage rates in New Hampshire

As of Thursday, July 17, 2025, current mortgage interest rates are 6.94% for a 30-year fixed mortgage and 6.13% for a 15-year fixed mortgage.

Mortgage rates have increased in New Hampshire from pandemic-era lows, mirroring rate trends nationally. This higher-rate environment has made it more difficult for some to afford a home in New Hampshire. However, rates have decreased a bit since early 2025 due to fears about a possible recession, and experts expect rates to remain below 7 percent into 2026.

Refinance rates in New Hampshire

Refinance rates aren't expected to move much in 2025. Still, Granite Staters who bought when rates peaked in 2023 and 2024 may be able to refinance to a lower rate. If you want to turn your home equity into cash, a cash-out refinance could also be an option. You can use Bankrate’s mortgage refinance calculator to run the numbers.

The Granite State is the fifth-smallest state by area and the 10th-least populous as of 2024. Nevertheless, housing is relatively expensive here, with a median sales price well above the national median. 

• Median home sales price, Feb. 2025: $485,000
• Average home value, June 2025: $504,017
• Median down payment, Feb. 2025: $76,000
• Median days on market, May 2025: 31
• Percentage of homes sold above list price, May 2025: 47.2%
• Percentage of homes with price drops, May 2025: 20.8%
• Homeownership rate Q1 2025: 73.7%

Sources: ATTOM, Zillow, Redfin, U.S. Census

When it comes to mortgages in New Hampshire, options include:

• New Hampshire conventional mortgages: To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45 percent. If you make a down payment of less than 20 percent, you’ll need to pay private mortgage insurance (PMI) premiums as well.
• New Hampshire FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a credit score of at least 580, you could qualify for a down payment of as little as 3.5 percent.
• New Hampshire VA loans: If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan doesn’t typically require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25 percent to 3.3 percent of the loan amount. 

The New Hampshire Housing Finance Authority (“New Hampshire Housing”) assists first-time homebuyers with obtaining a less-expensive mortgage, as well as down payment and closing cost assistance. Here’s an overview of programs you might be eligible for:

• Home First, Home Flex and Home Preferred Plus programs: New Hampshire Housing can connect you to lenders that offer below-average mortgage rates packaged with up to $15,000 in down payment and closing cost assistance. To qualify, you'll need to meet income and purchase price limits. You’ll also need to complete a homebuyer class.
• 1st Generation Homebuyer program: This New Hampshire Housing program offers first-generation buyers — those whose parents or legal guardians haven’t owned a home in the buyer’s lifetime — up to $10,000 in homebuying help.
• Purchase Rehab mortgage program: If that first home you’re eyeing happens to be a fixer-upper, New Hampshire Housing’s Purchase Rehab program lets you borrow as much as $75,000 for repairs and upgrades, on top of the original mortgage. It’s an FHA-backed product, so you’ll need to put down at least 3.5 percent. There's also an income limit of $176,200.
• Homebuyer Tax Credit: New Hampshire Housing can also help you obtain a mortgage credit certificate (MCC) that allows you to claim a federal tax credit for a portion of your mortgage interest paid each year, up to a maximum of $2,000.