New Hampshire Second Home Loans and Mortgage Solutions

Financing Your Dream Second Home

Interested in buying a second home in New Hampshire? Whether it’s a lake house in the Lakes Region or a ski retreat in the White Mountains, BNB Lending offers second home loans tailored for part-time personal use. We help buyers navigate New Hampshire’s property tax system, short-term rental requirements, and local permitting rules. With competitive terms, fast closings, and a compliance-focused process, we ensure your second home mortgage aligns with both your goals and New Hampshire-specific considerations. Let us help you finance your seasonal escape with confidence.

GET A QUOTE

How to qualify

To obtain a quote, we will need the following information:

Property Value and

 Purchase Price


Down Payment

Amount


Credit Score

 

Asset Types

  • Single Family Homes
  • Townhomes
  • Condos
  • 2 - 4 Units (Duplex, Triplex, Quadplex)
  • Multi-Family: 5 - 8 Units
  • Mixed-Use: 2 - 8 Units
  • Multi-Family: 9+ Unit



Loan Terms


  • Loan Sizes: $100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
  • Purchase LTV: Up to 85%
  • Rate & Term Refinance LTV: Up to 80% 
  • Cash Out Refinance LTV: Up to 80%
  • Amortization: 30 Year % 40 Year Amortization Options Available
  • Term Lengths: 5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
  • Floor Rate: 5.50% (subject to change daily due to market volatility)
  • Full Recourse with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
  • DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
  • Vesting: Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
  • Average Time to Close: 14 to 35 days

Wondering if you qualify for investment property financing in your area?


We offer lending services in all 50 states!

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Frequently Asked Questions

What are the requirements for a second home loan in New Hampshire?

New Hampshire second home loans follow standard federal lending guidelines. The property must be a one-unit residence, livable year-round, and personally used by the borrower for part of the year. It can’t be used primarily as a short-term rental or titled in an LLC. A 10–20% down payment, strong credit, and documented income are typically required. New Hampshire does not impose additional loan requirements beyond the federal standard, though local ordinances and HOA rules may apply. BNB Lending ensures your home meets second home lending standards based on usage and location.

How do short-term rental rules affect loan classification?

Frequent short-term rental use can cause the property to be reclassified as an investment home, requiring a different loan product. New Hampshire has no statewide STR law, but many tourist-friendly towns impose room or “motel” taxes and require permits for vacation rentals. Lenders will assess your rental intent during underwriting. At BNB Lending, we review your property location, rental strategy, and municipal rules to ensure your loan is appropriately structured and remains compliant with both lender and local requirements.

Do second homes qualify for property tax benefits in New Hampshire?

New Hampshire second homes are taxed the same as primary residences—at 100% of their current use value. There is no homestead exemption for vacation or secondary residences. While New Hampshire offers the benefit of no state income or sales tax, local property taxes can be significant and vary by town. There are no classification breaks for second homes. BNB Lending helps buyers estimate the full tax impact of a second home purchase in New Hampshire and factors this into the overall affordability of the loan structure.

Can I deduct mortgage interest on a second home?

Mortgage interest on a second home may be deducted at the federal level if you itemize deductions and meet IRS personal-use rules. Because New Hampshire has no income tax, there is no corresponding state-level deduction. If the property is occasionally rented, the deduction must be prorated based on personal occupancy. At BNB Lending, we structure your loan to preserve eligible tax benefits and recommend consulting a tax advisor familiar with federal and New Hampshire-specific nuances to ensure maximum financial efficiency.

Are there second home loan programs in New Hampshire?

New Hampshire Housing Finance Authority offers programs for owner-occupied, primary residences only. These include down payment assistance and favorable loan terms for first-time homebuyers. However, there are no grants or loan assistance programs available for vacation or second homes. That’s where BNB Lending comes in—we offer flexible second home mortgage solutions across New Hampshire, from lakeside cottages to ski condos. Our team guides you through zoning, tax, and STR considerations to ensure your mortgage stays aligned with lender and municipal rules.

What types of properties qualify for second home loans?

Eligible second homes must be single-unit residences that are livable year-round and used primarily for personal occupancy. This includes detached homes, condos, and townhouses. Properties must meet condition and appraisal standards and cannot be part of a timeshare or multi-unit rental structure. In New Hampshire, local STR rules or zoning restrictions may apply in resort or lake communities. BNB Lending reviews your intended use, property location, and applicable municipal laws to ensure you qualify for second home loan financing without triggering reclassification.

Who benefits from choosing a second home loan over an investment loan?

These loans are perfect for self-employed individuals, LLCs, and investors managing multiple properties. If you plan to use your New Hampshire home primarily for personal stays and only rent it occasionally, a second home loan may offer better rates and terms than an investment loan. These loans must be in your personal name—not held by an LLC. BNB Lending structures New Hampshire second home loans to provide flexibility while keeping your financing compliant with lender and zoning guidelines.

Thinking beyond New Hampshire? Explore Airbnb loans and second home opportunities in nearby states like Maine or Vermont to expand your portfolio.