Homeownership Assistance

VA Home Loans
What It Offers: Zero-down-payment mortgages, no private mortgage insurance (PMI), competitive interest rates, and flexibility on credit and debt-to-income ratios. Can be used for purchasing single-family homes, condos, multi-unit properties, new construction, and more. A funding fee of 0–3.6% applies (waived for certain disability statuses).Benefits: Up to 103.6% financing, no PMI, favorable underwriting, reusable benefit with continuing eligibility.
How to Apply: VA doesn’t lend directly—veterans apply through VA-approved lenders.
Contact:

a. VA Regional Loan Center (Boston Regional Office serves NH): [Specific contact details available on va.gov under “Regional Loan Centers”]

b. Local Lenders with VA loan expertise—search for “VA-approved lender New Hampshire”

1. New Hampshire Housing Finance Authority (NHHFA) offers multiple veteran-accessible programs:

Down Payment and Closing Cost Assistance: Up to $15,000, structured as a second mortgage with zero interest, no monthly payments over a 30-year term.
Homebuyer Tax Credit: Mortgage Credit Certificate providing up to $2,000/year in tax credits for eligible buyers (including first-time veterans).
Homebuyer Education Seminars: Workshops like “Secrets of Homebuying” (AHEAD), “Homebuyer Seminars” (HOMEteam), and webinars.
Contact:
- Address: 32 Constitution Dr, Bedford, NH 03110
- Phone: 603.472.8623 or 800.640.7239
- Homeownership Division: email ownershipinfo@nhhfa.org

2. Local Housing Authorities & Programs

3. Habitat for Humanity Veteran Programs

Greater Manchester, Greater Nashua, Concord, Greater Derry, Greater Keene all run veterans-focused programs. These offer affordable homes and often require “sweat equity” (homeowner participation in construction).

4. HUD-Approved Housing Counselors to help veterans navigate financing and eligibility:

1. USDA Section 502 Direct Loan (Rural Housing)

VA Loans, NH Support & Local Veteran Programs