Overview
New Hampshire's housing market offers opportunities for first-time buyers, with a median home price of approximately $450,000. The New Hampshire Housing Finance Authority (NHHFA) provides the primary state-level assistance through mortgage programs and down payment assistance for qualifying buyers.
The Home Flex Plus Program is a new hampshire housing finance authority's key offering for first-time buyers, providing up to $15,000 as a 0% interest second mortgage (deferred, due on sale or refinance). This program is designed to reduce the upfront cost barrier that prevents many qualified buyers from purchasing a home. Buyers must complete a HUD-approved homebuyer education course and work with an approved lender.
State Programs
Home Flex Plus Program
Down payment and closing cost assistanceHome Preferred Plus
Down payment assistance with lower rateFederal Programs Available in New Hampshire
These nationwide programs can be combined with New Hampshire state assistance for maximum benefit.
FHA Loan Program
Low down payment mortgageVA Home Loan
Zero down payment mortgageUSDA Rural Development Loan
Zero down payment mortgageTips for First-Time Buyers in New Hampshire
The Home Preferred Plus extends additional support through up to $10,000 in dpa with a below-market first mortgage rate. New Hampshire has no state income tax (the Hall Tax on interest and dividends was fully eliminated in 2025). Property taxes are among the highest nationally at about 1.86%. DPA programs help offset high purchase prices.
Federal programs complement state offerings in New Hampshire. FHA loans require just 3.5% down with flexible credit requirements. VA loans provide zero-down-payment financing for veterans and active-duty military, particularly relevant near Portsmouth Naval Shipyard. USDA loans offer zero-down-payment options in eligible rural areas, which cover significant portions of New Hampshire.
Prospective buyers should compare all available options, as combining state and federal programs can dramatically reduce out-of-pocket costs. Working with a HUD-approved housing counselor can help navigate the application process and identify the best program combination for your situation.
Frequently Asked Questions
For educational purposes only -- not financial or tax advice. Program details, eligibility requirements, and benefit amounts are subject to change. Verify all information directly with the administering agency before applying. Last verified: March 30, 2026.