First-Time Home Buyer Programs in New Hampshire

New Hampshire Housing Finance Authority (NHHFA) Programs:

Home Flex (including Home Flex Plus):

Eligibility: First-time or repeat buyers statewide.
Offerings: 30-year fixed mortgage (FHA, VA, USDA, conventional) plus up to 4% assistance as a silent second mortgage, forgiven after 4 years.
Requirements:

• Income ≤ $176,200 statewide (2025)
• Credit score ≥ 620
• DTI ≤ 45% (50% w/ compensating factors)
• Homebuyer education required
• Purchase price limits vary by county

Cash Assistance (Home First, Flex, Preferred):

Benefits: Up to $15,000 deferred, 0% interest second mortgage for down payment/closing; forgiven after five years if primary residence retained.
Extra Support: First-generation buyers receive an additional $10,000.
Requirements: Must use an NHHFA mortgage; homebuyer education required.

Home Preferred Plus:

Description: Conventional 30-year mortgage with up to 4% non-repayable grant for down payment/closing; insurance discount for incomes ≤ 80% AMI.
Requirements: Income ≤ $176,200; credit score ≥ 640.

Purchase Rehab Mortgage:

Description: Bundles home purchase and up to $35,000 in eligible repair/rehab costs into one mortgage.
Requirements: Must use Home Flex Plus and meet rehab guidelines.

Local Programs:

Manchester

Manchester Homebuyer Assistance: Up to $15,000 deferred loan (0% interest, due on sale/refinance); income ≤ 80% AMI (~$77,350 for family of four).

Nashua

Nashua DPA: Up to $12,000 forgivable over 10 years; income ≤ 80% AMI; in revitalization zones.

Concord

Concord First-Time Homebuyer Program: Up to $10,000 deferred loan; income ≤ 80% AMI.

Additional Information:

• Mortgage Credit Certificate (MCC): Up to $2,000/year federal tax credit, combinable with NHHFA loans.
• FHA/USDA/VA Loans: Low- to no-down payment options with flexible credit limits.