New Hampshire Mortgage Loans

Griffin Funding works with potential homeowners throughout New Hampshire, offering products and mortgage rates New Hampshire residents trust. We serve all of New Hampshire, including:

Whether you’re a first-time home buyer, a real estate investor, or are looking for non-traditional financing options, we are ready to find you the right mortgage loan for you. As committed NH mortgage lenders, we are prepared to help you identify a mortgage that works for you and lock in a competitive rate.

When searching for financing, you’ll find that you have several different mortgage options to choose from. At Griffin Funding, we offer a wide range of mortgage loan products, from traditional fixed-rate home loans to Non-QM loans and more.

Two of the most popular traditional types of mortgage loans are fixed-rate and adjustable-rate loans. A fixed-rate mortgage is one where the interest rate throughout the life of your mortgage stays the same. This is the classic mortgage loan, and one that can be beneficial when interest rates are low.

On the other hand, an adjustable-rate mortgage allows you to lock in a rate for a few years, and then it changes over time. If market rates drop, the interest rate on your adjustable-rate mortgage will drop. However, if interest rates rise, so will the rate on your adjustable-rate mortgage.

The Non-QM mortgage loans available from Griffin Funding make it easier for you to purchase a home when you have qualifying income, but you are not able to prove your income in traditional ways. Non-QM mortgage loans include:

• Bank statement loans
• Jumbo loans with 10% down
• DSCR loans
• Asset-based loans
• Foreign national loans
• Interest-only loans
• Recent credit event loans
• 6 month SOFR loans

Speak with the New Hampshire mortgage lenders at Griffin Funding to learn more about the Non-QM loans we offer and determine whether one is right for you.

Our mortgage loan application process is a 10-step process designed for simplicity. The steps for securing a mortgage through Griffin Funding is as follows:

1. Have a discovery meeting in person, on the phone, or virtually, to determine your eligibility for the various mortgage products we offer. Your credit score, monthly income, and down payment will be discussed.
2. You will then work with your loan specialist on the loan application.
3. Authorize the loan specialist to lock in the rate you are quoted.
4. The official loan application will be sent to you electronically or through overnight delivery.
5. Receive a checklist of all supporting documentation that is needed to secure your loan.
6. Your mortgage loan will be processed and submitted for underwriting.
7. The appraisal and/or pest inspection will be completed for the property you’re hoping to purchase.
8. Obtain final loan approval.
9. Complete final loan document signing.
10. Your loan will be funded and recorded.

Home prices throughout New Hampshire are going to vary based on the neighborhood you are choosing, the city, the size of the home, and how old the home is, among other factors. Thus, home prices in New Hampshire vary wildly depending on what you’re looking for.

According to Zillow, the average home value in New Hampshire as of 2022 is $438,246. This is a 16% increase from last year, illustrating an explosive rise in home prices throughout the state.

When you are buying a home, a higher credit score allows you to qualify for more loan types and secure better interest rates and loan terms. With a lower credit score, you may struggle to qualify for certain loans and be subject to higher interest rates. Therefore, it’s always a good idea to take steps to increase your credit score before applying for a mortgage loan in New Hampshire.

At Griffin Funding, we generally require a minimum credit score of 580 for most loans. But, of course, a higher credit score will make it easier for you to qualify for flexible loan terms and low interest rates.

The down payment you have to pay on your New Hampshire property will vary depending on the type of home loan you are getting and the cost of the home. While it’s generally recommended that home buyers put down 20% of the home’s purchase price, this isn’t always the case.

If you qualify for an FHA loan, for example, your down payment can be as low as 3.5%. Or, if you qualify for a VA loan, you may not be required to submit any down payment.

If you are searching for NH mortgage lenders, look no further than Griffin Funding. When you are ready to purchase the home of your dreams, start the application process with Griffin Funding and secure the mortgage loan that is right for you.

When you find a property you love, reach out to us and we can walk you through New Hampshire mortgage loan options. Whether you have a traditional job and a high credit score or you want to secure a non-traditional form of financing, we work hard to get you the home loan that you deserve.