New Hampshire mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across New Hampshire's 10 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 11,883 home-purchase mortgages for owner-occupied, single-family homes in New Hampshire. The median buyer borrowed $405,000 on a home valued at $505,000 and reported a household income of $140,000.
Buyers financed a median 80% of the home's value (roughly 20% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $4,470.
Lenders denied 6.6% of completed home-purchase applications.
Key facts
- Home buyers' median income ($140,000) is 21% higher than the U.S. median ($116,000).
- Median conventional loan costs ($4,470) were 20% lower than the U.S. median ($5,570).
- FHA loans made up 10.4% of purchase mortgages, versus 21.1% nationally.
- 50.6% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (37.2% of purchase loans).
- 44.8% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (37.4% of denials with a stated reason).
Conforming limits in New Hampshire range from $832,750 to $962,550 for a one-unit home in 2026. See every New Hampshire county's 2026 FHA and conforming loan limits.
New Hampshire counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Belknap County | 532 | $385,000 | $132,000 | 20.0% | 6.750% | $4,450 | 8.6% | $541,287 |
| Carroll County | 410 | $375,000 | $133,000 | 20.0% | 6.625% | $4,310 | 10.7% | $546,250 |
| Cheshire County | 600 | $325,000 | $117,000 | 10.0% | 6.750% | $4,290 | 7.3% | $541,287 |
| Coos County | 205 | $225,000 | $93,000 | 9.3% | 6.625% | $3,680 | 14.9% | $541,287 |
| Grafton County | 589 | $345,000 | $135,000 | 20.0% | 6.750% | $4,380 | 8.6% | $541,287 |
| Hillsborough County | 3,717 | $425,000 | $141,000 | 15.6% | 6.625% | $4,530 | 6.3% | $589,950 |
| Merrimack County | 1,436 | $395,000 | $133,000 | 15.0% | 6.625% | $4,390 | 5.1% | $541,287 |
| Rockingham County | 2,982 | $475,000 | $158,000 | 20.0% | 6.625% | $4,620 | 5.6% | $962,550 |
| Strafford County | 1,096 | $395,000 | $134,000 | 15.0% | 6.625% | $4,350 | 5.3% | $962,550 |
| Sullivan County | 311 | $315,000 | $120,000 | 15.0% | 6.625% | $4,420 | 10.2% | $541,287 |
Who bought homes in New Hampshire
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in New Hampshire
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | New Hampshire | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.490% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.17 pts | +0.13 pts |
| Total loan costs · conventional | $4,470 | $5,570 |
| Total loan costs · FHA | $12,160 | $11,310 |
| Total loan costs · VA | $5,630 | $6,490 |
| Origination charges (all loan types) | $1,690 | $1,860 |
| Borrowers paying discount points | 34.3% | 51.3% |
| Points paid, when paid (% of loan) | 0.50% | 0.87% |
| Borrowers receiving lender credits | 31.9% | 33.1% |
| Adjustable-rate mortgages | 6.3% | 7.4% |
| Jumbo loans (above conforming limit) | 2.9% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
New Hampshire: 863 of 13,094 completed home-purchase applications were denied (6.6%).
Denial rate
| Application | New Hampshire | U.S. |
|---|---|---|
| Home purchase | 6.6% | 8.5% |
| Conventional | 6.1% | 7.1% |
| FHA | 9.7% | 12.5% |
| VA | 6.7% | 8.0% |
| USDA | — | 12.5% |
| Refinance | 13.0% | 17.9% |
| Cash-out refinance | 28.8% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in New Hampshire
Top mortgage lenders in New Hampshire
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | CMG Mortgage, Inc. | 2,038 | 11.2% | 1.7% | 6.625% | +0.18 | $4,300 |
| 2 | United Wholesale Mortgage (UWM) | 1,722 | 9.4% | 6.4% | 6.625% | +0.23 | $5,490 |
| 3 | Rocket Mortgage, LLC | 1,429 | 7.8% | 10.5% | 6.625% | +0.25 | $5,370 |
| 4 | Emm Loans LLC | 744 | 4.1% | 1.5% | 6.750% | +0.29 | $4,610 |
| 5 | Guild Mortgage Company | 562 | 3.1% | 3.5% | 6.625% | +0.19 | $4,520 |
| 6 | Fairway Independent Mortgage Corporation | 555 | 3.0% | 4.2% | 6.750% | +0.30 | $4,490 |
| 7 | CrossCountry Mortgage, Inc. | 534 | 2.9% | 1.7% | 6.875% | +0.35 | $4,690 |
| 8 | loanDepot.com, LLC | 402 | 2.2% | 2.7% | 6.750% | +0.19 | $4,410 |
| 9 | Veterans United Home Loans | 367 | 2.0% | 9.5% | — | — | — |
| 10 | Rate | 342 | 1.9% | 2.2% | 6.625% | +0.15 | $4,730 |
| 11 | Freedom Mortgage Corporation | 311 | 1.7% | 15.0% | — | — | — |
| 12 | Harborone Mortgage, LLC | 298 | 1.6% | 6.7% | 6.625% | +0.05 | $4,430 |
| 13 | Service Federal Credit Union | 289 | 1.6% | 19.4% | 6.500% | −0.36 | $3,340 |
| 14 | Total Mortgage Services, LLC | 281 | 1.5% | 3.9% | 6.625% | +0.24 | $5,010 |
| 15 | St. Mary's Bank Credit Union | 267 | 1.5% | 9.1% | 6.625% | +0.11 | $4,030 |
| 16 | Movement Mortgage, LLC | 262 | 1.4% | 5.1% | 6.625% | +0.11 | $4,740 |
| 17 | Northpoint Mortgage, Inc. | 225 | 1.2% | 4.5% | 6.625% | +0.33 | $4,780 |
| 18 | American Neighborhood Mortgage Acceptance Company LLC | 211 | 1.1% | 4.7% | 6.875% | +0.38 | $5,370 |
| 19 | Pennymac Loan Services, LLC | 208 | 1.1% | 12.2% | 6.750% | +0.32 | $5,170 |
| 20 | Meredith Village Savings Bank | 203 | 1.1% | 6.7% | 6.625% | +0.34 | $3,880 |
| 21 | Newrez LLC | 193 | 1.1% | 13.6% | 6.990% | +0.38 | $6,100 |
| 22 | Citizens Bank, N.A. | 190 | 1.0% | 8.6% | 6.625% | +0.05 | $5,010 |
| 23 | Keystone Funding, Inc. | 182 | 1.0% | 2.5% | 6.625% | +0.13 | $4,340 |
| 24 | Leader Bank, N.A. | 180 | 1.0% | 0.7% | 6.490% | −0.10 | $4,420 |
| 25 | Envoy Mortgage, LTD | 180 | 1.0% | 1.5% | 6.625% | +0.27 | $5,820 |
Largest lenders in New Hampshire by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in New Hampshire
- Rockingham County-Strafford County, NH · 4,078 purchases
- Manchester-Nashua, NH · 3,717 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology