The Best Mortgage Lenders in Exeter, NH
Compare verified mortgage lenders serving Exeter, New Hampshire. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Exeter
Featured Mortgage Lenders
Service Credit Union Mortgage Department
Service Credit Union
Service Credit Union is one of New Hampshire's most trusted mortgage lenders with a strong presence throughout the Seacoast region, including Exeter. As a not-for-profit financial cooperative, they offer highly competitive rates and exceptional member service. Their mortgage team specializes in first-time homebuyer programs, VA loans (they're particularly experienced with military families), and local purchase financing. With over 65 years serving New England communities, they provide personalized guidance through the entire mortgage process and have consistently high customer satisfaction ratings.
Loan Types:
Primary Residential Mortgage, Inc. - Exeter
Primary Residential Mortgage, Inc.
Primary Residential Mortgage has a physical branch location right in downtown Exeter, making them a true local mortgage expert. Their Exeter team has built an outstanding reputation for responsive service and competitive loan products specifically tailored to the Southern New Hampshire market. They excel at complex financing scenarios including construction loans, investment properties, and jumbo mortgages. With decades of collective experience in the Exeter area, they understand local market conditions and provide exceptional guidance through the entire home financing process.
Loan Types:
Movement Mortgage - Seacoast NH
Movement Mortgage
Movement Mortgage has established a strong presence throughout the Seacoast New Hampshire region, including active service in Exeter. They're particularly noted for their streamlined digital mortgage process and fast closing times, typically completing purchases in 30 days or less. Their local loan officers have deep knowledge of the Exeter housing market and maintain strong relationships with local real estate professionals. Movement receives consistently high marks for communication, transparency, and competitive rate offerings, making them a top choice for both purchase and refinance transactions in the area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Exeter, NH
What are the current mortgage rates like in Exeter, NH, and how do they compare to the national average?
Mortgage rates in Exeter typically align closely with national averages, but local competition among lenders in the Seacoast region can sometimes lead to slightly more favorable terms. It's important to shop around with both local community banks and credit unions, like Service Credit Union or Provident Bank, as well as national lenders, as they may offer different rate specials or closing cost assistance for the Exeter area.
Are there any first-time homebuyer programs specifically beneficial for purchasing a home in Exeter?
Yes, New Hampshire Housing offers its flagship "Home Flex Plus" loan program, which provides competitive fixed-rate mortgages with down payment assistance to eligible first-time buyers in Exeter. Additionally, the "Home Preferred" program can be advantageous for buyers in certain Exeter neighborhoods, potentially offering even better rates or grant assistance for those who meet income and purchase price limits.
How does Exeter's status as a historic town affect the mortgage process for older homes?
Purchasing a historic home in Exeter's downtown or other designated areas may require a specialized appraisal and a more thorough home inspection, which can impact the loan timeline. Lenders may have specific requirements for older properties, and you should be prepared for potential repair escrows if issues like outdated wiring or plumbing are identified, as these can be common in Exeter's charming, older housing stock.
What is a typical down payment needed for a home in Exeter's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Exeter successfully purchase with 3-10% down using conventional loans, especially given the town's high demand and prices. For the median-priced home, you should be prepared for a significant down payment amount, but local lenders often work with programs like those from New Hampshire Housing or USDA loans (if eligible in outlying areas) to help reduce the initial cash requirement.
Are there any local property tax considerations in Exeter that I should factor into my mortgage approval?
Absolutely. Exeter has its own property tax rate, which is a significant component of your monthly escrow payment. Your lender will use the current Exeter tax rate to calculate your debt-to-income ratio. It's important to note that tax rates can change, and homes in different village precincts or with different assessments can vary, so getting an accurate estimate from the town or your realtor is crucial for budgeting your total mortgage payment.
Why Choose a Mortgage Lender in Exeter?
Local Market Knowledge
Lenders who understand Exeter's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in New Hampshire.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Exeter and get competitive rates on your home loan.