New Hampshire mortgage and refinance rates for July 2026

As of Friday, July 03, 2026, current mortgage interest rates are 0.00% for a 30-year fixed mortgage and 0.00% for a 15-year fixed mortgage.

Mortgage rates have increased in New Hampshire from pandemic-era lows, mirroring rate trends nationally. This higher-rate environment has made it more difficult for some to afford a home in New Hampshire. While xperts expect rates to remain below or around 7% in 2026. It's unlikely that we'll see sub-4% rates any time soon.

Refinance rates continue to remain elevated on concerns of inflation and geopolitical tensions. Still, Granite Staters who bought when rates peaked in 2023 and 2024 may be able to refinance to a lower rate. If you want to turn your home equity into cash, a cash-out refinance could also be an option. You can use Bankrate’s mortgage refinance calculator to run the numbers.

When it comes to mortgages in New Hampshire, options include:

• New Hampshire conventional mortgages: To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45%. If you make a down payment of less than 20%, you’ll need to pay private mortgage insurance (PMI) premiums as well.
• New Hampshire FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a credit score of at least 580, you could qualify for a down payment of as little as 3.5%.
• New Hampshire VA loans: If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan doesn’t typically require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25% to 3.3% of the loan amount. 

The New Hampshire Housing Finance Authority (“New Hampshire Housing”) assists first-time homebuyers with obtaining a less-expensive mortgage, as well as down payment and closing cost assistance. Here’s an overview of programs you might be eligible for:

• Home First, Home Flex and Home Preferred Plus programs: New Hampshire Housing can connect you to lenders that offer below-average mortgage rates packaged with up to $15,000 in down payment and closing cost assistance. To qualify, you'll need to meet income and purchase price limits. You’ll also need to complete a homebuyer class.
• 1st Generation Homebuyer program: This New Hampshire Housing program offers first-generation buyers — those whose parents or legal guardians haven’t owned a home in the buyer’s lifetime — up to $10,000 in homebuying help.
• Purchase Rehab mortgage program: If that first home you’re eyeing happens to be a fixer-upper, New Hampshire Housing’s Purchase Rehab program lets you borrow as much as $75,000 for repairs and upgrades, on top of the original mortgage. It’s an FHA-backed product, so you’ll need to put down at least 3.5%. There's also an income limit of $176,200.
• Homebuyer Tax Credit: New Hampshire Housing can also help you obtain a mortgage credit certificate (MCC) that allows you to claim a federal tax credit for a portion of your mortgage interest paid each year, up to a maximum of $2,000.