New Hampshire Housing programs: a buyer preparation checklist

Identify the exact program first

The earlier Home Start article mixed program names, old limits and assistance terms. Begin with New Hampshire Housing’s current mortgage program list and ask a participating lender which product fits the proposed transaction. Do not carry a limit from one program to another.

Ask for the document’s effective date, household-size rule, property location and unit count. A county-only table can miss targeted-area and product distinctions. Approval also depends on the first mortgage and lender requirements.

Check cash arithmetic separately

On an illustrative $400,000 purchase, 3.5% is $14,000. Assistance of $12,000 would leave $2,000 of that down payment uncovered before closing costs. This corrects the earlier example. It does not establish a program award or FHA eligibility.

Get an itemized estimate of the purchase deposit, remaining down payment, closing charges, prepaid items and required reserves. Ask which items assistance can cover and when the money becomes available.

Questions to take to the lender

Confirm first-time-buyer status, occupancy, education, credit review, income documentation and the second mortgage’s repayment triggers. Retain the current program documents with your Loan Estimate. The Journal does not perform an automated eligibility assessment and cannot confirm a household’s award.