FHA Loans

Lower credit? Or need a lower down payment? Get the financing you need.

FHA loans are a great option for home buyers with a few bumps in their financial history. If you have a credit score over 580 and can afford a 3.5% down payment, an FHA loan could be right for you.

FHA allows for a low upfront cash investment. Buyers who have no savings can get a gift from a family member or government entity to come up with the relatively low down payment that is required. The Buyer also can negotiate for the seller to pay all closing costs and prepaid items making FHA one of the most affordable loan types in New Hampshire.

Here's what you need to get started:

Minimum Credit Score

Bookend Lending requires a minimum credit score of 580 for FHA loans in New Hampshire.

Down Payment

You’ll need to make a down payment of at least 3.5% of your new home’s purchase price.

Closing Costs

With an FHA loan, you’ll need 3% – 6% of the purchase price available to cover closing costs.

Mortgage Insurance Premium

You’ll pay an upfront mortgage insurance premium of 1.75% of the base loan amount as well as monthly MIP.

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FHA Home Loans