How Much Money Do You need to Buy a House in New Hampshire?

Thinking about buying a home in New Hampshire but not sure how much money you actually need? I talk with homebuyers about this everyday. And there is a lot of bad information out there! In this video, I break down the real costs of buying a house in NH, including your down payment, closing costs, property taxes, homeowners insurance, prepaid expenses, and the money you should still have left over after closing. We'll use a real-world example using a $500,000 home so you can see how the numbers come together. We’ll cover: • How much you may need for a down payment • Why you usually don’t need 20% down- 3% will do the trick • Typical closing costs • Property taxes, insurance, and escrows • Seller credits •NH Housing Options Buying a house is about more than just having enough money to get to the closing table. The goal is to buy a home comfortably without draining every dollar you have. I’m Ryan Tufts, a mortgage loan officer with Northpoint Mortgage. I help homebuyers throughout New Hampshire understand their options and make smart, informed decisions about financing a home. This applies whether you are buying in Nashua, Manchester, Concord, Portsmouth, the Lakes Region, up 89, up north or anywhere in between! Have a home price you want me to break down? Leave it in the comments. #NewHampshireRealEstate #FirstTimeHomeBuyer #MortgageTips #NHRealEstate #HomeBuying