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Merrimack

Current Mortgage Rates in Merrimack, New Hampshire

Compare mortgage rates and fees for leading lenders in Merrimack, 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 Merrimack.

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

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Mortgage Rates in Merrimack, NH as of August 18, 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 Merrimack, NH Mortgage Rates Compare?

August 18, 2019

The current average rate for a 30 year fixed rate mortgage in Merrimack 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
Merrimack, NH Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Merrimack, New Hampshire?

The median home value for Merrimack, NH is $249,789

The median household income for Merrimack, NH is $71,992

Based on current mortgage rates and a 10% down payment, you need to make $46,344 per year to buy the median priced home in Merrimack

The home price you can afford to by based on household income in Merrimack is 155% of the median home value which means housing prices are average

Merrimack ranks 3 out of 10 counties in New Hampshire and 2,463 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Merrimack, New Hampshire

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Merrimack below.

Conforming loan limits for Merrimack, NH

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

FHA loan limits for Merrimack, NH

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

VA loan limits for Merrimack, NH

1 unit: $484,350

Additional Mortgage Resources for Merrimack, 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