1st Gen Home NH
Funding status: Active
How much assistance
$10,000 (Deferred Loan)
Second mortgage with 0% interest and no monthly payments. Repayment terms similar to other NH Housing cash assistance products.
Eligibility
- Income limits: Must meet income and purchase price limits for the town/city in which the property is located
- First-time buyer required: Yes — First-generation homebuyer: borrower (and co-borrower) must not currently nor have previously owned a home, AND their parents/legal guardians must not currently nor have previously owned a home during the borrower's lifetime. Also eligible: persons who were in foster care or who legally reside in the US as refugees or under asylum status.
- Geographic restrictions: Must purchase a single-family primary residence (1-4 units) in New Hampshire.
- Homebuyer education required: Yes
How to Apply for 1st Gen Home NH
Step 1: Must finance through an NH Housing mortgage program using an Approved Lender. Complete face-to-face homebuyer education through AHEAD, HOMEteam, or the Housing Partnership.
Notes
Limited pilot program with restricted funding. Funds may not always be available. Check with an NH Housing Approved Lender for current availability.