The New Hampshire Housing Finance Authority (NHHFA) has proven to be a great resource for homebuyers looking for a broad range of flexible and affordable homeownership programs. Since its inception in 1981, more than 39,000 Granite State residents have used one of NHHFA’s mortgage programs to purchase their own homes—the most popular of which is the Home Flex Plus program that offers a 3% down payment option for a single family home and no mortgage insurance, among other features. Other options allow for as little as 1% down payment from the borrower’s own funds or a 5% down payment for a 2–4 unit multi-unit home.
Blue Water Mortgage offers a comparable 3% lender credit, as well as a lower interest rate compared to the NHHFA rate. In addition, mortgage products offered by Blue Water come with no additional income restrictions in order to qualify and the underwriting process can generally happen much faster. First time home buyers looking for an alternative to the NHHFA should look to Fannie Mae and Freddie Mac’s 3% down programs.
Both Fannie Mae and Freddie Mac also offer a 3% down program for FTHBs that can rival NH Housing Finance Authority’s program. In addition, both Freddie Mac’s Loan Prospector (LP) and Fannie Mae’s Desktop Underwriter (DU) automated underwriting system are now able to offer reduced mortgage insurance at the broker level.
Blue Water Mortgage is licensed in New Hampshire, Maine, Massachusetts, Connecticut, Vermont, Rhode Island, Florida, North Carolina, Colorado, Texas, Georgia, and South Carolina.
Roger worked with me on an extremely complicated deal, and his knowledge, persistence and excellence helped to pull everythin…
We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refi…
We had a fantastic experience with Blue Water Mortgage. We were referred to them by two of our friends, we would definitely r…
They were wonderful to work with. I highly recommend them. Not only were they able to get me the best/lowest rate easily but …
We started my home buying experience we where told by many mortgage companies we had to wait 3 years. I was doing a VA loan. …
Blue Water made the entire process a breeze. They were extremely responsive, knowledgeable and approachable with all of our q…
It is rare to find a business that is so dedicated to its customer base. Blue Water Mortgage was able to close faster than mu…
Working with Blue Water Mortgage Corp was a great experience. My wife and I could not be happier with the process. We felt li…
Excellent experience. Roger and his team work unbelievably hard to get the job done. Always available and happy to explain/ad…
As a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor referred us to Blue Water to …
Blue Water Mortgage is fantastic! We just recently refinanced with them again, and it was smooth sailing. We contacted them a…
Blue Water Mortgage has a team of people behind the scenes that most us never see. I was fortunate enough to meet several of …
It’s hard to know who to trust in this day and age, but I would highly recommend Blue Water Mortgage to anyone! Their g…
We had a very quick home search process Kristina and Paula made it happen for us! Kristina was in constant communication to k…
As a first time home buyer my experience with Blue Water Mortgage was excellent. Jim Collins was recommended to me by my real…
Roger worked with me on an extremely complicated deal, and his knowledge, persistence and excellence helped to pull everything together. He invested the time and effort needed to make the deal happen. I had other mortgage companies that would not take on this challenge, but Roger stepped up to the plate and made it happen. I also did another deal with Roger that went extremely quickly and efficiently. Roger would not rush through his calls with me, but take his time to outline all the steps needed. After working with Roger I don’t think that I could work with another loan officer again. I would highly recommend Roger to anyone who is in need or a mortgage.
We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refinancing. Kristina Young especially made the process easy and everyone we worked with was very responsive, worked diligently and happily answer questions along the way. I would definitely use Blue Water Mortgage again in the future and would highly recommend.
We had a fantastic experience with Blue Water Mortgage. We were referred to them by two of our friends, we would definitely refer anyone looking to purchase a home to work with them. As a first time home buyer we had no idea how to start the mortgage process and what to expect. John Riley explained everything to us. Whenever we had a question, which I had many he always picked up his phone or called us right back. He always wanted to make sure we understood what he was saying. Everyone at Blue Water was great they all worked together to help us close. I would recommend anyone looking to buy a house to use Blue Water Mortgage you will have a great experience just like we did. Everyone who is a part of Blue Water is very helpful and caring. They are the best!!!
They were wonderful to work with. I highly recommend them. Not only were they able to get me the best/lowest rate easily but they respond very quickly to emails. It made the whole process as stress free as possible.
We started my home buying experience we where told by many mortgage companies we had to wait 3 years. I was doing a VA loan. We were told 3 years due to a bankruptcy. We found Danielle French at blue water mortgage. She told us the truth we could get a mortgage 2 years out. She was able to answer all of our questions. She was available all the time. We did get a great interest rate. We also found that the people who work behind Danielle was also helpful. We have already referred family to Danielle. They have done one loan with them and will be closing on a second home loan with them soon. We have been in our new home since November.
Blue Water made the entire process a breeze. They were extremely responsive, knowledgeable and approachable with all of our questions. We will be recommending them to our family and friends for sure!
It is rare to find a business that is so dedicated to its customer base. Blue Water Mortgage was able to close faster than much larger firms. Blue Water Mortgage maintained a constant, very professional communication throughout the mortgage process, which was very helpful since I was a first time home buyer. It was a pleasure doing business with this great company, and I would recommend them to anyone looking to purchase a home!
Working with Blue Water Mortgage Corp was a great experience. My wife and I could not be happier with the process. We felt like anytime there was a question or a concern that it was answered and addressed quickly, we had all the information we needed to know what needed to happen each step of the way. The effort was made clear on what was expected of us, what we needed to provide and when. We felt like we go personal attention, it felt like we were their only clients. From the initial interaction and Application process all the way to the closing date we felt informed and we felt like Blue Water had everything under control. The closing was able to be done a week early and it was a breeze. I highly recommend Blue Water Mortgage.
Excellent experience. Roger and his team work unbelievably hard to get the job done. Always available and happy to explain/advise. More human than any bank I’ve dealt with.
As a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor referred us to Blue Water to get pre-approved and we were fortunate enough to work with Rick Schlager. Even before we made an offer, Rick was extremely helpful and made sure we would be able to get approved for the condo we ended up falling in love with. Once the actual closing process started we stuck with Blue Water since our experience had been so positive thus far. They also have lawyers who will look over your P&S free of charge, which is a GREAT help during the stressful process. Rick was always available to answer our never ending questions, no matter how simple or small. I would 100% recommend Blue Water to anyone, especially first time home buyers. They made the entire process seamless.
Blue Water Mortgage is fantastic! We just recently refinanced with them again, and it was smooth sailing. We contacted them and within days had a quote, and within two weeks closed! They are fantastic to work with, every step of the way. Answering detailed questions, available 24/7, amazing customer service. We felt like we were their only clients and taken care of every step of the way. I can’t say enough wonderful things about Roger and his team at BWM. Amazing, hard working, excellent customer service, trusting and knowledgeable! My highest recommendation for this group!!
Blue Water Mortgage has a team of people behind the scenes that most us never see. I was fortunate enough to meet several of them, and all I can say is…..You are in good hands.
It’s hard to know who to trust in this day and age, but I would highly recommend Blue Water Mortgage to anyone! Their great service and fantastic rates have made me and my family members customers for life!
We had a very quick home search process Kristina and Paula made it happen for us! Kristina was in constant communication to keep us in the loop for what documents were needed, how to secure the financing, and actually had her team review everything thoroughly to make sure we were getting the best rate, best monthly payment, and best closing costs possible. It was nice to see that Blue Water will do anything in their power to make sure that they have happy clients who were able to obtain and secure the mortgage. I’m very thankful and would recommend them to anyone looking to either buy a home or refinance!
As a first time home buyer my experience with Blue Water Mortgage was excellent. Jim Collins was recommended to me by my realtor early on in the process; I couldn’t have worked with a better individual. From the start Jim was patient and answered all of my questions. As it got closer to buying the house, Jim kept in touch constantly and provided me with all the necessary details I needed. When he came to work with me personally he took his time going over all of the paperwork and double checking that I understood the entire process. I cannot recommend Jim highly enough, he is committed, intelligent, patient and kind. Thank you Blue Water Mortgage for making purchasing my first home such a positive experience.
This ebook will help you better understand the home buying process so you can make a more informed buying decision.
Use our Down Payment Worksheet to get a idea of what you can afford to spend.
Before you start looking at properties it's best to figure out what you can't live without.
Please be advised that your actual rate, payment, and cost could be higher. Get an official Loan Estimate before choosing a loan. This estimate is provided for informational purposes ONLY, to assist you in determining an estimate of cash that may be required to close and an estimate of your proposed monthly mortgage payment. Actual charges may be more or less, and your transaction may not involve a fee for every item listed.
Rate and APR based on the following assumptions: Purchase Price of $250,000, loan amount of $200,000, 75% loan to value, 780 credit score, single family property, primary residence, escrowing taxes and insurance, debt ratio within program guidelines.
Rates posted are effective as of 9/24/2024.