Best Mortgage Lenders in New Hampshire in 2019

ValuePenguin is a consumer finance website dedicated to providing consumers with clear, objective advice for the financial decisions they make every day. We've spent dozens of hours comparing lenders across New Hampshire to distill the information that matters most to you.

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Recommended ForLenderMin. Credit ScoreHighlights
First-Time HomebuyersCitizens Bank620
  • Most popular lender in the State
  • Largest branch network in New Hampshire
RefinancingTD Bank620
  • Second most popular home equity lender in New Hampshire
  • J.D. Power 2018 Highest servicer satisfaction rating among banks
Online LoansGuaranteed Rate620
  • One of the Lowest Rates of customer service complaints logged at the CFPB
  • Fully online pre-approval process
VA LoansVeterans United Home Loans620
  • Fastest-growing VA lender among New Hampshire's top mortgage companies
  • Most popular veteran-focused lender in New Hampshire
Poor CreditRegency Mortgage580
  • Fastest-growing FHA lender among New Hampshire's top mortgage companies
  • Top five mortgage lender in New Hampshire
Recommended ForLenderMin. Credit Score
First-Time HomebuyersCitizens Bank620
RefinancingTD Bank620
Online LoansGuaranteed Rate620
VA LoansVeterans United Home Loans620
Poor CreditRegency Mortgage580

Finding the best mortgage lender in New Hampshire means finding the right mix of low interest rates, fast loan processing and reliable customer service. Read on to find out more about our top picks in The Granite State.

Best Mortgage Lender for First-Time Homebuyers: Citizens Bank

Citizens Bank stood out among our top lenders for first-time homebuyers in New Hampshire thanks to its competitive mortgage rates and accessibility. It has the largest branch network in the state, making it easy to access whether you live in Concord or Laconia.

Citizens Bank
Citizens Bank

Consider this if You're looking for an accessible local lender that doubles as a solid bank.

Good For …Bad For …
  • Borrowers who prefer face-to-face service
  • Existing Citizens Bank customers
  • USDA, FHA or VA loans

First-time homebuyers who want face-to-face guidance will feel right at home with Citizens Bank, as the lender has the largest branch network in New Hampshire, with 69 locations throughout the state. With loan officers well-versed in the New Hampshire market, Citizens is easily the most popular mortgage lender in the state, having originated over 17,000 mortgage loans over the past five years.

Citizens offers competitive rates on vanilla mortgage products like 30-year and 15-year fixed-rate mortgages as well as adjustable-rate products. If you already bank with Citizens, it's worth checking in for a quick quote, as the lender offers a 0.125% rate discount for automatic payments from a Citizens checking account. However, there isn’t much in the way of government-backed loans like USDA or FHA mortgages, so you may be better off elsewhere if that’s what you’re looking for. As an alternative to Citizens Bank, take a look at our other recommendations for first-time homebuyers.

Best Mortgage Lender for Refinancing: TD Bank

We picked TD Bank as our top choice for borrowers looking to refinance their existing mortgages, thanks to competitive adjustable rates and home equity options.

TD Bank
TD Bank

Consider this if You're looking to refinance.

Good For …Bad For …
  • Homeowners who want to cash out on their equity
  • Borrowers who already bank with TD
  • Borrowers with poor credit
  • Underwhelming conventional options

Read the Full Review

TD Bank is an excellent choice for homeowners seeking to flip their homes for a profit. TD beat out major competitors when it came to the rates and terms on its adjustable-rate mortgage (ARM) products, with rate locks ranging from as little as one to as many as 10 years. Even after factoring in closing costs and incremental fees, TD's ARM rates were on the low end of the spectrum.

The lender’s fixed-rate conventional mortgages are fairly mediocre, at least when it comes to rates. Nevertheless, TD is worth considering if you already have an existing checking account, as the lender provides a 0.25% rate discount for existing members, which can mean thousands of dollars of interest savings over the life of your mortgage. If you're unsure if TD is the right fit for you, take a look at our guide to getting the best refinance rates.

Best Online Mortgage Lender: Guaranteed Rate

We picked Guaranteed Rate as the best online mortgage lender, thanks to its intuitive web-based tools and stellar reputation for customer service. The lender also maintains physical branch locations in Portsmouth and Nashua for borrowers who wish to meet their loan officers in person, but you can complete the entire pre-qualification process online.

Guaranteed Rate
Guaranteed Rate

Consider this if You're looking for a fast online loan approval from a reputable lender.

Good For …Bad For …
  • Well-qualified homebuyers who prefer to loan shop online
  • Established credits looking for the best rate offers
  • Borrowers with poor credit

Read the Full Review

Guaranteed Rate achieved above-average customer satisfaction ratings, beating out most major competitors in a 2017 study conducted by J.D. Power, including Bank of America and Chase Bank. While its origination volume is decidedly smaller than most banks, the lender achieved exceptional customer service ratings, with only 0.04% of all mortgages receiving customer service complaints at the CFPB. By comparison, Citizens Bank, the most popular lender in the state, received complaints on 0.38% of the mortgages it underwrote.

Among the quotes we received, Guaranteed Rate provided us with the lowest rate quotes on both 30-year and 15-year fixed-rate home loans, even after factoring in closing costs and other fees. However, you'll need to have pristine credit if you want to qualify for its most lucrative offers. Consider checking out our national recommendations for more options if Guaranteed Rate isn’t the right lender for you.

Best Mortgage Lender for VA Loans: Veterans United Home Loans

Veterans United Home Loans was our No. 1 lender for veterans and active-duty military personnel in New Hampshire, thanks to its competitive VA rates and exceptional customer satisfaction ratings from J.D. Power.

Veterans United
Veterans United

Consider this if If you're looking for a VA lender who prioritizes customer service

Good For …Bad For …
  • Veterans seeking to minimize their out-of-pocket expenses
  • Borrowers unaffiliated with the military

Read the Full Review

Veterans United Home Loans stakes its entire business model on lending to veterans and can help you qualify for a VA loan with no down payment and no PMI. The lender even allows you to roll your VA funding fee into your mortgage loan, almost negating the need for any cash at closing, an option rarely offered by most major lenders. With its strong military focus, Veterans United took home top marks in in a 2017 customer service study from J.D. Power.

Veterans United originated over 1,000 VA loans over the past five years, making it the most popular veteran-focused lender in New Hampshire. It's also the fastest-growing company among the state's top five VA lenders, having increased its origination amount by a breathtaking 25% over the past five years. If you're a veteran looking to take advantage of your VA benefits, there's no reason not to get a quick rate quote from Veterans United.

Best Mortgage Lender for Poor Credit: Regency Mortgage

Regency Mortgage is the New Hampshire division of LendUS, one of the largest independently owned mortgage lenders in America. We picked it as our top choice for low-to-moderate income homebuyers who need down payment assistance, thanks to its strong emphasis on USDA, VA and FHA loans.

Regency Mortgage
Regency Mortgage

Consider this if You're having trouble getting approved elsewhere for a conventional mortgage loan.

Good For …Bad For …
  • Specialty-financing programs like USDA, VA and FHA loans
  • Low-down payment programs like Home Ready/Home Possible
  • Home equity loans and second mortgages

Regency Mortgage is worth checking out if you're having trouble getting approved elsewhere, as it's the third-leading originator of FHA mortgages in New Hampshire, having sold 2,200 of them over the past five years. FHA loans are mortgages backed by the Federal Housing Administration and are meant to help low-to-moderate income homebuyers achieve the dream of homeownership, requiring down payments as low as 3.5% and credit scores as low as 580.

Regency Mortgage offers a variety of options for both first-time and low-income borrowers that eliminate the need for the standard 20% down payment at closing. These include loans offered through the Fannie Mae HomeReady and Freddie Mac Home Possible programs. Self-employed borrowers and those with difficult to document income streams will be relieved to know that Regency is a Portfolio Lender, which allows for alternative income verification for qualifying borrowers.

Most Popular Home Loan Companies in New Hampshire

If you're shopping for a mortgage in New Hampshire, make sure you review quotes from top lenders to see where average mortgage rates stand. We've included the five most popular mortgage lenders in New Hampshire below, based on the total number of residential home loans sold over the past five years.

Top 5 Biggest New Hampshire Residential Mortgage Lenders, 2013–2019

RankCompanyMortgage originationsAverage mortgage amount
1Citizens Bank17,018$147,592
2Residential Mortgage Services11,936$219,890
3Quicken Loans11,333$204,024
4HarborOne Bank9,999$221,651
5Regency Mortgage9,612$219,252

When comparing lenders, it's worth considering each company's record for customer service in addition to their interest rates. Borrowers should factor in things like accessibility and complaint rates in addition to rates.

How We Chose the Best Mortgage Lenders in New Hampshire

While interest rates played a large role in our decision, we also reviewed each lender's unique terms and conditions. When comparing interest charges, fees and closing costs, lenders who offered the same interest rates often ended up thousands of dollars apart after factoring in fees. We therefore chose to weigh the following criteria:

  • Total cost: interest rates and closing costs
  • Product: terms, programs and specialty
  • Servicing: transparency, complaint data and branch network

We highlighted any terms a lender offered that weren't common in the industry. For example, while every mortgage lender in the country offers conventional fixed-rate mortgages, fewer companies specialize in niche programs like USDA or FHA mortgage loans. We focused on these traits where appropriate.

We also reviewed complaints submitted to the Consumer Financial Protection Bureau to forecast the likelihood of issues arising during the origination and servicing process. The size of each lender's branch network was assessed alongside the usability of its online platform.

Mortgage Brokers Near Me in New Hampshire

Mortgage brokers work to compare offers from multiple lenders on your behalf and are an excellent resource for first-time homebuyers and anyone uncomfortable with mortgage shopping. They differ from loan officers in that they're able to offer loans from competing lenders rather than a single company. Use the table below to find a licensed mortgage broker near you.

NameAddressPhone Number
Omni Mortgage Company215 Main St #3, Salem, NH 03079(603) 893-6616
Pinnacle Mortgage Corporation835 Hanover St Unit 301, Manchester, NH 03104(603) 518-7900
Blue Water Mortgage7 Merrill Industrial Dr, Hampton, NH 03842(603) 926-9695
Northpoint Mortgage1 New Hampshire Ave Suite 209, Portsmouth, NH 03801(603) 294-4422
Apple Mortgage LLC109 Court St #2, Laconia, NH 03246(603) 527-1188
Title Mortgage Solution7 Lebanon St #105, Hanover, NH 03755(603) 643-1400
The Mortgage Specialists1719, 327 Amherst St, Nashua, NH 03063(603) 594-0200
Milestone Home Loans518 High St, Somersworth, NH 03878(603) 842-5090
Madison Miller

Madison is a Research Analyst at ValuePenguin and focuses on student loans and personal loans. She graduated from the University of Rochester with a B.A. in Financial Economics with a double minor in Business and Psychology.

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Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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