The Best Mortgage Lenders in Franklin, NH
Compare verified mortgage lenders serving Franklin, New Hampshire. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Franklin
Featured Mortgage Lenders
Merrimack County Savings Bank
Merrimack County Savings Bank
As one of New Hampshire's oldest and most trusted community banks, Merrimack County Savings Bank has been serving the Franklin area and central New Hampshire for over 150 years. They maintain exceptionally high customer satisfaction ratings due to their personalized service, local underwriting decisions, and deep community involvement. Their mortgage team specializes in first-time homebuyer programs and offers competitive rates with the reliability of a locally-managed institution that understands the specific needs of Franklin-area residents.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has built an outstanding reputation in New Hampshire with exceptional customer service ratings and efficient loan processing. Their local Concord office actively serves the Franklin market with dedicated loan officers who provide personalized guidance through the entire mortgage process. Known for their quick closing times and transparent communication, they offer a comprehensive range of loan products with competitive rates. Their strong digital platform combined with local expertise makes them a top choice for Franklin homebuyers seeking both convenience and personal service.
Loan Types:
Newrez LLC
Newrez LLC
Newrez operates a significant New Hampshire presence with their Bedford office serving the Franklin area through both retail and correspondent lending channels. With over two decades of experience, they offer competitive rates and a wide variety of loan programs, particularly strong in refinancing and government-backed loans. Their extensive industry experience allows them to handle complex mortgage scenarios while maintaining high customer satisfaction ratings. They combine national lending power with local market knowledge, providing Franklin residents with both comprehensive product options and personalized service from New Hampshire-based professionals.
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Frequently Asked Questions
Common questions about mortgage lending in Franklin, NH
Are there any special first-time homebuyer programs available specifically for Franklin, NH?
Yes, the New Hampshire Housing Finance Authority (NHHFA) offers several statewide programs that are actively used in Franklin, including the Home Preferred program with competitive interest rates and down payment assistance. Additionally, some local lenders may offer portfolio loans or grants tailored to the Franklin market, so it's wise to consult with a mortgage broker familiar with the area to explore all your options.
How do property taxes in Franklin, NH, impact my mortgage qualification and monthly payment?
Franklin has a municipal property tax rate that is typically higher than the national average, which is a significant factor in your debt-to-income ratio and monthly escrow payment. When getting pre-approved, lenders will use the specific tax rate for the property you're considering, so it's crucial to factor this into your overall budget, as it can affect the loan amount you qualify for.
What are typical mortgage rates and lender availability like in Franklin compared to the rest of New Hampshire?
Mortgage rates in Franklin are generally aligned with national and state averages, but you may find slight variations between local community banks, credit unions, and national lenders. Working with a local lender, such as a Franklin-based credit union, can sometimes provide more personalized service and potentially better terms for unique properties common in the area, like older homes or those with acreage.
Does Franklin, NH, have any specific loan considerations for homes with accessory dwelling units (ADUs) or multi-family properties?
Yes, given Franklin's housing stock, financing for properties with an existing legal ADU or a 2-4 unit multi-family is common. You can use a conventional loan or an FHA loan for owner-occupied multi-unit properties, and potential rental income from the additional unit(s) may be used to help you qualify, subject to the lender's specific requirements and a market rent analysis.
How does the appraisal process work in Franklin's unique market, which includes both historic homes and more rural properties?
Appraisals in Franklin require an appraiser with strong local knowledge due to the mix of historic in-town homes and rural properties with wells and septic systems. For unique or rural properties, the appraisal may take longer and must account for comparable sales that can be scarce, which is a key reason to work with a lender experienced in the North Country market.
Why Choose a Mortgage Lender in Franklin?
Local Market Knowledge
Lenders who understand Franklin'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 Franklin and get competitive rates on your home loan.