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Hanover

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.

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Mortgage Rates in Hanover, NH as of December 11, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

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

December 11, 2019

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
Today's
Hanover, NH Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Hanover, New Hampshire?

The median home value for Hanover, NH (Grafton County) is $234,467

The median household income for Hanover, NH (Grafton County) is $62,902

Based on current mortgage rates and a 10% down payment, you need to make $43,501 per year to buy the median priced home in Hanover

The home price you can afford to buy based on household income in Hanover is 145% of the median home value which means housing prices are average

Hanover (Grafton County) ranks 6 out of 10 counties in New Hampshire and 2,614 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

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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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Hanover, NH

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Hanover, NH

1 unit: $484,350

Additional Mortgage Resources for Hanover, NH Residents

Mortgage Rates for New Hampshire Cities

Brentwood Mortgage Rates

Hanover Mortgage Rates

Keene Mortgage Rates

Manchester Mortgage Rates

Merrimack Mortgage Rates

Strafford Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index