Loan Options for Concord, NH Borrowers

PRMI guides borrowers in Concord and throughout New Hampshire, Maine, Massachusetts, and Florida along their entire home loan journey, ensuring a personal and pleasant overall experience. With our extensive knowledge on local mortgage processes, our loan experts will assist you with the pre-qualification, application and all other requirements. PRMI will discuss your financial situation and goals to help you select the most suitable mortgage program.

New Hampshire offers several first-time homebuyer programs: Home Flex Plus, Home Preferred Plus, Purchase Rehab, Home Start Homebuyer Tax Credit and Home Preferred manufactured ROCs. These options have different benefits, from low down payments to closing cost assistance. We’ll evaluate your needs to help you choose the program that will benefit you most.

PRMI will assess the terms of your current loan to determine if refinancing will benefit you. When done strategically, mortgage refinancing can reduce your interest rate or shorten your loan term. If you’re interested in looking at a mortgage refinance in Concord or the surrounding area, contact our local team today.

Chenoa Fund offers several down payment assistance programs to FHA and conventional loan borrowers. A minimum FICO score of 620 is required for FHA loans and 640 for conventional mortgages. PRMI Concord will help you determine which program will give you more financing benefits.

New Hampshire Housing provides down payment and closing cost assistance for up to 3% of the loan amount of your FHA, VA or USDA mortgage. The cash assistance is a second mortgage, which is forgiven after four years as long as you don’t refinance, file for bankruptcy or sell the house.

The Department of Veterans Affairs offers former and active military members homeownership assistance, provided you meet the credit, income and service requirements. VA loans have low closing costs, zero down payments and competitive mortgage rates. Spouses of military service members who died in the line of duty can also apply.  We have helped many veterans in New Hampshire and other states we service qualify for this great VA Loan program. 

FHA loans are the most ideal for homebuyers in tight financial situations. Low- to medium-income earners benefit from the low mortgage rates, lenient credit score requirements and competitive down payments of FHA loans. PRMI Concord helps borrowers complete the requirements and navigate the application process.  If you’re interested in an FHA loan in New Hampshire, Massachusetts, Maine, or Florida get in touch with our team today to see if you qualify. 

Aspiring homebuyers who want to purchase property in an eligible rural area can apply for a USDA loan. This low-premium mortgage is ideal for low- to medium-income earners because it has zero down payment, flexible credit requirements and competitive interest rates.

Conventional mortgages have fixed rates and payments, so you can plan your finances more accurately. These loans are an option for homebuyers who don’t qualify for FHA, USDA, VA or other government-backed loans. Requirements include proof of income, credit history, assets and employment verification, among others.