Current Mortgage Rates in Hanover, New Hampshire

Compare mortgage rates and fees for leading lenders in Hanover, NH. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Hanover.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Hanover. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Hanover, NH as of September 19, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Hanover, NH Mortgage Rates Compare?

September 19, 2020

The current average rate for a 30 year fixed rate mortgage in Hanover is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Hanover, NH Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Hanover, New Hampshire?

Below we provide helpful information on the real estate market, home prices and housing affordability in Hanover. Understand how much you need to earn to afford a home in Hanover, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Hanover fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Hanover is right for you.

The median home value for Hanover, NH (Grafton County) is $249,942

Based on current mortgage rates and a 10% down payment, you need to make $44,983 per year to buy the median priced home in Hanover

With this income, you could qualify for a $224,947 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Hanover is $1,042

The median household income for Hanover, NH (Grafton County) is $64,371

Based on this income, you can afford a home valued at approximately $357,669

The home price you can afford to buy based on household income in Hanover is 143% of the median home value which means housing prices are average. Hanover (Grafton County) ranks 6 out of 10 counties in New Hampshire and 2,620 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Hanover, NH is average


Loan Limits for Hanover, New Hampshire

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hanover (Grafton County) below.

Conforming loan limits for Hanover, NH

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Hanover, NH

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Hanover, NH

1 unit: $510,400

Additional Mortgage Resources for Hanover, NH Residents

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