What Credit Score Is Needed for an FHA Loan in New Hampshire?

🏡 What Credit Score Is Needed for an FHA Loan in New Hampshire?

FHA loans are one of the most popular mortgage options in New Hampshire, especially for first-time buyers in areas like Plymouth, Campton, Bristol, Rumney, Thornton, and Ashland.

The good news? FHA loans are very credit-flexible, making homeownership possible even if your credit isn’t perfect.

Here’s exactly what you need to qualify.

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Minimum Credit Score for FHA Loans in NH

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580+ Credit Score = 3.5% Down

This is the most common scenario.

If your score is 580 or higher, you only need 3.5% down.

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500–579 Credit Score = 10% Down

You can still qualify for an FHA loan, but you must:

Put 10% down, and

Show stronger financial stability

This is still a good option for buyers rebuilding credit.

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Other FHA Loan Requirements in NH

Besides credit score, FHA lenders look at:

Stable income and employment

Debt-to-income ratio (usually 43% or lower)

Clean recent payment history

No major bankruptcies in the past 2 years

No foreclosures within the last 3 years

FHA is very forgiving, especially compared to conventional loans.

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Why FHA Loans Are Popular in New Hampshire

FHA loans work well for:

Older homes

Cabins

Homes with minor defects

Rural properties

First-time buyers

Buyers with limited down payment

NH’s housing stock includes MANY older properties, making FHA a strong fit.

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FHA Loan Limits in NH (2025)

Loan limits vary by county, but most of Central NH falls into the standard FHA limit range.

Typical limits:

Single-family: $498,257 (estimate)

Duplex: $637,950

Triplex: $771,125

Fourplex: $958,350

(These adjust yearly.)

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Down Payment Assistance Options

Some NH buyers can combine FHA with:

NH Housing programs

First-time buyer grants

Closing cost assistance

Helpful for buyers with limited savings.

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Q&A

Q: What credit score do I need for an FHA loan in NH?

A: 580+ for 3.5% down, or 500–579 with 10% down.

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Jim Johnson Real Estate

Phone: 857-249-7392

Serving Plymouth, Campton & Central New Hampshire

Brokered by Three Hills Real Estate Service