Conventional Loans in New Hampshire
A flexible, widely available mortgage option for qualified buyers and homeowners, with competitive pricing and the ability to remove mortgage insurance over time.
What Is a Conventional Loan?
A conventional loan is a mortgage that is not insured or guaranteed by the federal government. Most are written to the guidelines of Fannie Mae and Freddie Mac, which means they are easy for lenders, appraisers and real estate professionals to work with, and they are available for a wide range of borrowers and properties.
For borrowers with solid credit and a reasonable down payment, conventional financing is frequently the most affordable long-term option, particularly because private mortgage insurance can be removed once you reach sufficient equity.
Key Benefits
- Down payments starting as low as 3% for eligible borrowers
- No upfront mortgage insurance premium
- Mortgage insurance can be cancelled as equity grows
- Primary homes, second homes and investment properties
- Fixed-rate terms from 10 to 30 years, plus adjustable-rate options
- Single-family homes, condos, townhomes and 2–4 unit properties
Conventional Payment Estimator
Principal and interest only. Taxes, insurance and mortgage insurance are not included. The interest rate shown is an example you enter, not a quote.
Choose Your Conventional Loan
Conventional Purchase
Finance your next home in New Hampshire with flexible down payment options.
View purchase loansConventional Refinance
Reduce your rate, change your term or eliminate mortgage insurance.
View refinance loansCash Out Refinance
Access your home equity for renovations, debt payoff or other goals.
View cash out loansConventional Loan Snapshot
General guidelines. Actual requirements depend on your full financial profile and the property.
| Feature | What to Expect |
|---|---|
| Minimum down payment | As low as 3% for eligible first-time and qualified buyers; 5% or more is common on other scenarios |
| Mortgage insurance | Required with less than 20% down; removable when equity reaches required levels |
| Occupancy | Primary residence, second home, investment property |
| Loan terms | 10, 15, 20, 25 and 30-year fixed; adjustable-rate options available |
| Loan limits | Conforming limits are set annually by the FHFA and vary by property size |
| Property types | Single-family, condominiums, townhomes, 2–4 units |
All loans are subject to credit approval and underwriting. Program availability and guidelines are subject to change.
Conventional Loan FAQs
Is a conventional loan better than FHA?
It depends on your credit, down payment and goals. Borrowers with stronger credit often find conventional financing less expensive over time because mortgage insurance can be removed. Jamison can compare options side by side.
When can I get rid of mortgage insurance?
In general, you can request removal once your loan balance reaches 80% of the home’s original value, and it is typically terminated automatically at 78%. Specific requirements depend on your loan and servicer.
What are conforming loan limits?
Conforming loan limits are the maximum loan amounts eligible for purchase by Fannie Mae and Freddie Mac. The FHFA updates them each year, and they vary by number of units.
Can I buy an investment property with a conventional loan?
Yes. Investment property financing is available with different down payment and reserve requirements than a primary residence.
Serving New Hampshire
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