The Best Mortgage Lenders in Union, NH
Compare verified mortgage lenders serving Union, New Hampshire. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Union
Featured Mortgage Lenders
Holy Rosary Credit Union
Holy Rosary Credit Union
Holy Rosary Credit Union stands out as one of the highest-rated mortgage lenders serving the Union area with exceptional member satisfaction. As a longstanding local credit union with deep roots in the Seacoast region, they offer personalized mortgage services with competitive rates and flexible terms. Their mortgage specialists provide one-on-one guidance through the entire home financing process, from pre-approval to closing. With numerous 5-star reviews praising their responsive service and local decision-making, HRCU consistently earns top marks for making the mortgage process straightforward and stress-free for Union area homebuyers.
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Northeast Credit Union
Northeast Credit Union
Northeast Credit Union has built an outstanding reputation across New Hampshire, including serving the Union community with comprehensive mortgage solutions. As one of the state's largest credit unions, they combine local expertise with extensive mortgage options tailored to New Hampshire homebuyers. Their mortgage team receives consistent praise for exceptional customer service, particularly for first-time homebuyers and those purchasing in rural areas. With competitive rates and a commitment to community banking values, Northeast Credit Union provides Union residents with reliable mortgage services backed by decades of local lending experience and numerous positive customer reviews.
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Merrimack Mortgage
Merrimack Mortgage Company, Inc.
Merrimack Mortgage consistently ranks among New Hampshire's top-rated mortgage lenders with exceptional customer satisfaction ratings. Serving the entire state including Union, this locally-owned mortgage company specializes in finding the right loan products for each borrower's unique situation. Their team of experienced loan officers receives outstanding reviews for their expertise, responsiveness, and ability to secure competitive rates. With deep knowledge of New Hampshire's housing market and three decades of serving communities across the state, Merrimack Mortgage has built a stellar reputation for making the mortgage process efficient and transparent, earning numerous 5-star reviews from satisfied Union area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Union, NH
Are there any special mortgage considerations for buying a home in Union, NH, given its rural nature?
Yes, due to Union's rural classification in Belknap County, some properties may be eligible for USDA Rural Development loans, which offer 100% financing with no down payment. It's crucial to verify a specific property's eligibility through the USDA website, as this can be a significant advantage for qualified buyers in this area. Additionally, well and septic inspections are often a critical part of the mortgage process for homes not connected to municipal systems.
What are typical property taxes like in Union, and how do they impact my mortgage qualification?
Union has a relatively moderate property tax rate compared to some other New Hampshire towns, but New Hampshire's overall lack of income tax means property taxes are a primary revenue source. Your lender will calculate your debt-to-income ratio using the estimated monthly tax escrow, which can affect your purchasing power. It's wise to budget for annual taxes that are typically between 1.5% to 2% of the home's assessed value.
Are there any first-time homebuyer programs specifically beneficial for purchasing in Union, NH?
While Union itself doesn't have a local program, the New Hampshire Housing Finance Authority (NHHFA) offers statewide programs that are highly relevant. Their Home Flex Plus loan provides competitive interest rates, down payment assistance, and is available to buyers in Union. Given the town's more affordable price point compared to the Lakes Region core, these programs can go further here.
How does the seasonal economy and tourism in the nearby Lakes Region affect mortgage lending in Union?
If your income is seasonal or commission-based (e.g., from tourism, construction, or hospitality common to the area), mortgage lenders will typically require a two-year history of that income for qualification. They will average your income over 24 months, which is an important factor for many local buyers. Stable year-round employment is viewed more favorably, but seasonal income can be used with proper documentation.
What should I know about homeowners insurance requirements for a mortgage in Union, especially regarding flood zones?
While Union is not coastal, parts of the town are near the Branch River and other waterways, making a flood zone determination essential. Your lender will require a standard homeowners policy, but if the property is in a FEMA-designated Special Flood Hazard Area, mandatory flood insurance will also be required, adding to your monthly escrow payment. Always check the flood map for a specific property during your due diligence.
Why Choose a Mortgage Lender in Union?
Local Market Knowledge
Lenders who understand Union'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 Union and get competitive rates on your home loan.