New Hampshire Reverse Mortgage Information

Known for its brisk weather, and amazing scenery, New Hampshire is a state that’s often overshadowed by other, flashier states. While it’s true that the cold weather can be a bit harsh, the natural beauty of the landscape more than makes up for any discomfort you feel during the winter months. Many people that spend their lives in New Hampshire are faced with the difficult decision of whether or not to sell their home and retire elsewhere during their golden years. If you are considering selling your home and moving, then there are a few things you should consider before making a decision you may come to regret.

Find out how a reverse mortgage loan can be part of a comfortable retirement in New Hampshire. Click here for free information.

Reasons to Retire in NH

If you live in New Hampshire then you already know that one of the biggest benefits of living in the state is the fact that there is no income tax on wages! That means you keep more of the money you make. So, if you decide you want to work part-time during your retirement you will benefit financially. What you may not be aware of is the fact that New Hampshire also doesn’t tax your pension or other retirement accounts. This is particularly beneficial because once you retire and lose the steady income you have relied on, avoiding taxes on your pension or retirement account is very beneficial.

While the winter weather in New Hampshire is quite cold, the summers are fairly mild and comfortable making it an ideal place to spend time outdoors. New Hampshire also has a small number of coastlines making spending a day at the beach a fun way to enjoy the wonderful summer weather.

Reverse Mortgages: Financial Freedom Without Forcing You to Give Up Your Home

The main reason that many people choose to sell their home when they retire is for financial benefit. In many cases, people still have a mortgage payment and owe on their home, and now that they are retiring making those monthly payments becomes much more challenging. Other people sell their home so that they can use the money to finance their retirement and live life the way that they deserve to.

The good news is that a reverse mortgage can help you if you are looking for the financial benefits of selling your home, but don’t actually want to sell it. After all, you’ve probably spent many happy years in your home, do you really want to sell it now? Of course, you don’t. If you currently owe a small amount on your original mortgage getting a reverse mortgage will enable you to pay it off, getting rid of those payments forever. You get to keep your home, and you don’t have to worry about making mortgage payments ever again. On top of that, a reverse mortgage unlocks the equity in your home giving you access to it. That means you can use it to fund a trip you have always wanted to go on, or just to cover bills and other living expenses.

Find out how a reverse mortgage loan can be part of a comfortable retirement. Click here for free information.

Compare New Hampshire Reverse Mortgage Lenders

All Time

Lender Loans Total Principal Limit
WELLS FARGO 1,028 252,458,918
REVERSE MORTGAGE FUNDING LLC 275 81,264,595
ONE REVERSE MORTGAGE LLC 227 52,103,510
FINANCIAL FREEDOM SENIOR FUNDING CORP 213 46,657,696
METLIFE BANK NATIONAL ASSOCIATION 210 51,320,400
AMERICAN ADVISORS GROUP 183 60,394,605
PROVIDIAN NATIONAL BANK 159 20,701,635
AMSTON MORTGAGE 148 28,933,925
MEREDITH VILLAGE SAVINGS BANK 143 40,588,005
EQUITY AMERICA MORTGAGE SVCS INC 127 29,373,691
BANK OF AMERICA 106 25,957,425
REVERSE MORTGAGE SOLUTIONS INC 83 21,666,500
UNITY MORTGAGE CORP 77 8,916,112
FIRST CALL MORTGAGE COMPANY 64 15,741,150
SYNERGY ONE LENDING INC. 64 20,812,525
MERRIMACK MORTGAGE COMPANY INC 63 15,344,400
ACCREDITED MORTGAGE CORP 57 14,092,460
ST MARY'S BANK 57 12,404,915
LIBERTY HOME EQUITY SOLUTIONS INC 56 13,928,150
REGENCY MORTGAGE CORPORATION 55 12,866,105

Since 2012

Lender Loans Total Principal Limit
REVERSE MORTGAGE FUNDING LLC 275 81,264,595
AMERICAN ADVISORS GROUP 183 60,394,605
ONE REVERSE MORTGAGE LLC 144 34,355,650
REVERSE MORTGAGE SOLUTIONS INC 83 21,666,500
MEREDITH VILLAGE SAVINGS BANK 68 20,372,025
SYNERGY ONE LENDING INC. 64 20,812,525
LIBERTY HOME EQUITY SOLUTIONS INC 56 13,928,150
FIRSTAR BANK NA 44 9,664,100
PROFICIO MORTGAGE VENTURES LLC 44 11,664,400
FINANCE OF AMERICA REVERSE LLC 35 7,919,000

Reverse Mortgage Interest Rates in New Hampshire

We’ve compiled recent reported interest rates on Home Equity Conversion Mortgages (HECM) from the U.S. Department of Housing and Urban Development:

Current Rates

Date Fixed Rate Adjustable Rate
2019-01-01 NA 4.86%
2019-02-01 4.31% 5.47%
2019-03-01 NA 5.14%
2019-04-01 NA 4.61%
2019-05-01 NA 4.73%
2019-06-01 4.68% 4.56%
2019-07-01 NA 4.86%
2019-08-01 NA 4.03%
2019-09-01 NA 3.92%
2019-10-01 NA 4.08%
2019-11-01 NA 4.47%
2019-12-01 NA 3.93%
2020-01-01 NA 4.24%
2020-02-01 NA 4.12%
2020-03-01 NA 4.16%
2020-04-01 NA 3.92%
2020-05-01 NA 3.61%
2020-06-01 NA 3.10%
2020-07-01 NA 3.20%
2020-08-01 NA 3.14%
2020-09-01 NA 3.06%
2020-10-01 NA 2.62%
2020-11-01 NA 2.85%
2020-12-01 NA 2.94%
2021-01-01 NA 2.71%
2021-02-01 NA 2.49%
2021-03-01 NA 2.70%
2021-04-01 NA 2.50%
2021-05-01 3.39% 2.39%
2021-06-01 NA 2.23%
2021-07-01 NA 2.25%
2021-08-01 NA 2.45%
2021-09-01 NA 2.03%
2021-10-01 NA 2.32%
2021-11-01 NA 2.19%
2021-12-01 NA 2.39%
2022-01-01 NA 2.47%
2022-02-01 NA 2.43%
2022-03-01 3.18% 2.81%
2022-04-01 NA 3.41%

Historic Rates

Date Fixed Rate Adjustable Rate
2016-01-01 NA 3.63%
2016-02-01 4.78% 3.78%
2016-03-01 5.02% 3.78%
2016-04-01 5.06% 4.00%
2016-05-01 5.06% 4.03%
2016-06-01 5.06% 4.25%
2016-07-01 NA 4.64%
2016-08-01 4.50% 4.42%
2016-09-01 NA 4.81%
2016-10-01 4.78% 4.67%
2016-11-01 4.50% 4.74%
2016-12-01 4.50% 4.83%
2017-01-01 5.06% 4.97%
2017-02-01 5.06% 4.84%
2017-03-01 5.06% 4.70%
2017-04-01 NA 4.52%
2017-05-01 5.06% 4.74%
2017-06-01 NA 4.41%
2017-07-01 5.04% 4.47%
2017-08-01 4.88% 4.50%
2017-09-01 5.06% 4.57%
2017-10-01 NA 4.47%
2017-11-01 NA 4.46%
2017-12-01 4.75% 4.73%
2018-01-01 4.00% 4.72%
2018-02-01 4.89% 4.82%
2018-03-01 NA 4.92%
2018-04-01 NA 4.74%
2018-05-01 4.75% 5.09%
2018-06-01 NA 4.57%
2018-07-01 NA 5.11%
2018-08-01 NA 4.65%
2018-09-01 NA 4.97%
2018-10-01 4.93% 4.85%
2018-11-01 NA 4.75%
2018-12-01 4.68% 5.39%

Top Cities in New Hampshire by Total HECM Loans Originated

Rank City Zip Total
1 MANCHESTER 3104 360
2 NASHUA 3060 296
3 SALEM 3079 155
4 ROCHESTER 3867 108
5 PORTSMOUTH 3801 101
6 HAMPTON 3842 100
7 DERRY 3038 94
8 MERRIMACK 3054 93
9 CONCORD 3301 93
10 HUDSON 3051 91
11 DOVER 3820 86
12 LACONIA 3246 82
13 LONDONDERRY 3053 81
14 KEENE 3431 77
15 BEDFORD 3110 70
16 WOLFEBORO 3894 56
17 MILFORD 3055 53
18 GOFFSTOWN 3045 49
19 WINDHAM 3087 48
20 AMHERST 3031 43
21 MEREDITH 3253 43
22 PETERBOROUGH 3458 42
23 PLAISTOW 3865 42
24 HOOKSETT 3106 42
25 PELHAM 3076 38
26 KINGSTON 3848 37
27 CLAREMONT 3743 37
28 LITCHFIELD 3052 36
29 RYE 3870 36
30 EXETER 3833 35

Find out how a reverse mortgage loan can be part of a comfortable retirement in New Hampshire. Click here for free information.

HECM Counselors in NH

AFFORDABLE HOUSING, EDUCATION AND DEVELOPMENT, INC. (AHEAD)
161 MAIN ST
LITTLETON, NH 03561-4020
(603) 821-4535

COMMUNITY HOME SOLUTIONS
14 NEW ZEALAND RD
SEABROOK, NH 03874-4280
(603) 474-7449
http://communityhomesolutions.org

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