Mortgage lender closing cost rankings in New Hampshire (2025)

New Hampshire is a non-judicial foreclosure state that uses a statutory power-of-sale process, meaning lenders can foreclose without court involvement after providing required notice periods. The state uses mortgage instruments rather than deeds of trust in most transactions. New Hampshire is not an attorney-closing-required state; title companies can conduct closings, though attorneys are commonly used in practice. The state imposes a Real Estate Transfer Tax split equally between buyer and seller at a combined rate of $1.50 per $100 of purchase price, making it one of the more moderate transfer tax structures in New England. Title insurance rates in New Hampshire operate under a prior-approval regulatory framework. The state does not impose a blanket ban on prepayment penalties, though federal rules under the Dodd-Frank Act govern qualified mortgages. The New Hampshire Banking Department oversees mortgage lender licensing and consumer complaint resolution. New Hampshire does not have a separate state consumer financial protection bureau, relying primarily on the Banking Department and the Attorney General's consumer protection division.

Conventional loans dominate New Hampshire's purchase market, representing 81.6% of originations (8,961 loans) at a median rate of 6.875% and median closing costs of $4,417, according to HMDA 2024 data. FHA loans account for 9.9% of volume (1,090 originations) but carry significantly higher median closing costs of $12,010, largely driven by upfront mortgage insurance premiums. VA loans represent 8.4% of originations (926 loans) at the lowest median rate of 6.25%, supported by proximity to military installations and veterans communities in the region. USDA loan volume is not separately highlighted in this dataset, consistent with New Hampshire's relatively higher median home prices limiting rural program eligibility.