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Frequently Asked Questions About Real Estate in New Hampshire

What is the first step to buying a home in New Hampshire?

The first step to buying a home in New Hampshire is getting pre-approved by a lender. A pre-approval shows sellers that you’re serious and helps you understand your budget before you start looking at homes. It also makes your offer stronger in competitive markets like Central New Hampshire.

How much money do you need to buy a home in New Hampshire?

The amount of money needed to buy a home in New Hampshire depends on factors like the purchase price, loan type, and down payment. Many buyers can purchase with as little as 3% to 5% down, while others choose to put more down to lower their monthly payment. It’s also important to budget for closing costs, inspections, and prepaid expenses.

What credit score do you need to buy a home in New Hampshire?

The credit score needed to buy a home in New Hampshire depends on the type of loan you’re using. Many conventional loans look for a score around 620 or higher, while some government-backed loans may allow lower scores. Lenders also consider factors like income, debt, and overall financial stability, not just credit score alone.

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