Manchester, New Hampshire real estate,homes,condos


Perhaps one of the most challenging things about buying a home is saving for the downpayment. Collecting such a large sum of money can be difficult. The truth is that most buyers actually think that they need more than they actually do to buy a home. The downpayment doesn’t need to be a barrier to your path to homeownership. There are so many programs that offer low and even no down payment home loans. Read on to learn more about down payments and programs that can help you. 


First, let’s look at what a down payment is and how it can help you. If you put 10% down on a $200,000 home that’s $20,000. The downpayment minus the purchase price of the home is $180,000, and that's how much your home loan will be. The more money you can put down on the house, the lower your home loan will be and the lower your monthly mortgage payments will be. A large down payment can indeed save you in the long term. If you’re looking to move into a home sooner rather than later, saving a considerable sum isn’t always possible.  


Low Downpayment Mortgages


You need to decide what type of home loan you need by the amount of downpayment you’re willing and able to put down. Some benefits go along with making a down payment, but there are some negatives. 


By making a substantial down payment you may despite your savings, leaving little money for emergencies. Your mortgage rate may not be affected by a large downpayment either. It can be hard to decide what type of loan to get and just how much you really can afford.  


FHA Loans


FHA loans are among the most popular type of home loans. The downpayment that’s required is just 3.5%. The requirements are simple, and you don’t have to be a first-time homebuyer to qualify. 


The drawback to an FHA loan is that you cannot cancel the monthly mortgage insurance that comes along with it unless you refinance the home. Traditional mortgage insurance is canceled when you have built up 20% equity in the house, but this isn’t the case with FHA loans. 


Another positive about FHA loans is that your credit score doesn’t have to be stellar in order for you to qualify. Some lenders approve FHA loans with credit scores as low as 580. 


VA Home Loans


Buyers who have current or former military service status can qualify for this zero down mortgage. These loans are benefits to veterans and current members of the Armed Forces. While no downpayment is required, buyers may put down any amount they wish. The only requirements are that buyers be members of the military either currently serving for 90 days or two years of active duty service if not an active member.   


The above options are great for those who can’t afford or don’t wish to put down large down payments but still hope to be homeowners. 




1 Timberwood Drive, Goffstown, NH 03045

Condo

$138,500
Price

2
Bedrooms
5
Rooms
1
Baths
Welcome Home to the much sought after Goffstown Timberwood Condos!Don't Miss out on this spacious two bedroom one bath garden style condo with plenty of closet space. This boasts sliding glass doors to your own balcony with newly installed railings. Enjoy the modern look of the pergo flooring and the two year young appliances along with new in wall air conditioner. New Heating system was installed 3/17. Schedule your appointment to view now! Fees include trash removal, snow removal, road maintenance, sewer, two allocated parking spaces.
Open House
No scheduled Open Houses




This Single-Family in Hopkinton, NH recently sold for $189,900. This Ranch style home was sold by Office Remax - RE/MAX Synergy - Bedford.


701 Pine Street, Hopkinton, NH 03229

Single-Family

$190,000
Price
$189,900
Sale Price

2
Bedrooms
5
Rooms
1
Baths
Huge opportunity to own this well maintained Ranch in Contoocook sitting on a level and open 6 Acres+. Perfect starter home or place to downsize. Functional living space w/ great flow. Enjoy plenty of storage space, property has a 40x20 detached barn ideal for the automotive enthusiast or huge family gatherings. This property invites your dreams of owning horses or chickens! Easily utilize study as a 3rd bedroom if needed. Schedule your showing today, Property is priced to move and Will not last long! Showings begin Saturday September 29th ,2018 at 12:00pm




This Single-Family in Allenstown, NH recently sold for $290,000. This Ranch style home was sold by Office Remax - RE/MAX Synergy - Bedford.


12 Cross Street, Allenstown, NH 03275

Single-Family

$295,000
Price
$290,000
Sale Price

5
Bedrooms
12
Rooms
4/1
Full/Half Baths
Here it is! 5 bedrooms and 5 baths, this sprawling ranch has it all. Several bedrooms have en suite baths. Updated gorgeous kitchen with new appliances, flooring and fresh paint throughout. Plenty of room for everyone. Need an in-law or in home office, with separate entrance, look no further. Come take a look at this 10+ room house with formal living room and family room with fireplace. Plenty of space for kids and pets in the back yard. Entertain your guests in the beautiful backyard. Convenient Public water and Public sewer.




This Single-Family in Hopkinton, NH recently sold for $287,000. This style home was sold by Office Remax - RE/MAX Synergy - Bedford.


1642 Hatfield Road, Hopkinton, NH 03229

Single-Family

$289,900
Price
$287,000
Sale Price

3
Bedrooms
7
Rooms
2
Baths
A home is more than it's four walls- it's a reflection of time, quality and character - The essence of this home is love and you will feel it! Your heart will skip a beat the minute you walk in the door! Unique in design with a captivating Pottery Barn warmth accented with rustic features yet all new updates! 9' ceilings, Open Custom kitchen w/ gas stove, chalkboard wall, teak floor and farmers sink, family room w/ gas fireplace, first flr bdrm and bath, second floor master w. cathedral ceilings, luxurious soaking tub. New hot water heater, FHA heat w/ secondary heat sources, wood burning furnace and gas fireplace. Entertaining back yard w/ deck, patio and fire pit- Beautiful grounds lined with stone walls, abuts the trails, and is just minutes to Pats Peak! Plans/design available for a garage. Top rated school district and welcoming community. Turn the key, you are home!






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