Free fha loan calculator tailored for New Hampshire (NH). Calculate instantly with state-specific rates and rules.
FHA loans require a minimum 3.5% down payment (10% if credit score is 580-619). On New Hampshire's median home of $450,000, that's a minimum down payment of $15,800.
FHA loan limits vary by county and are tied to conforming limits. In most New Hampshire counties, the FHA floor limit is $498,257 (2024). High-cost areas like certain counties may qualify for higher limits up to $1,149,825. Rockingham and Strafford counties may qualify for high-cost treatment in certain years. Most NH counties are at the standard conforming limit.
FHA MIP (Mortgage Insurance Premium) is required regardless of down payment. Conventional loans eliminate PMI at 20% equity. With New Hampshire's median home at $450,000, buyers who can put down $90,000 (20%) are better served by conventional financing. FHA makes sense for buyers with limited savings or credit scores below 740.
New Hampshire closing costs average $4,100. New Hampshire charges a real estate transfer tax of $1.50/$1,000 of sale price, split equally between buyer and seller. While moderate, the state's high property values mean total closing costs can be substantial. Sellers can contribute up to 6% of the purchase price toward FHA buyer closing costs.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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