Bank of New Hampshire Mortgage Interest Rate and Cost Review

Is Bank of New Hampshire a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Bank of New Hampshire to those of other lenders for a comparable set of borrowers. Here is our review of Bank of New Hampshire nationally:

Review ItemBank of New Hampshire
Interest Ratesimilar to other lenders (+0.07%)
Loan Related Closing Costssimilar to other lenders (-$3)
National Rate and Closing Cost Star Rating(3)

On average, Bank of New Hampshire’s interest rates were similar to those of other lenders (+0.07%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$3. Overall, combining interest rates and closing costs we estimate that Bank of New Hampshire tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Bank of New Hampshire, check out its website at:

Bank of New Hampshire’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Bank of New Hampshire was most active in:

  1. Manchester, NH
  2. Lincoln, NH
  3. Berlin, NH
  4. Keene, NH
  5. Boston, MA

Bank of New Hampshire’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Bank of New Hampshire originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.06%+0.04%+0.00%-0.04%-0.02%
Loan Related Closing Cost Difference+$87-$24+$91-$27+$16
Cost Adjusted Rate Difference+0.05%+0.04%+0.00%-0.04%-0.01%
National Star Rating(3)(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingVA
Interest Rate Difference+0.13%-0.02%
Loan Related Closing Cost Difference-$255-$50
Cost Adjusted Rate Difference+0.07%-0.02%
Average Star Rating(3)(3.5)

As a summary, Bank of New Hampshire is similar to other lenders for FHA, Jumbo, USDA and VA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages. For refinancing mortgages, Bank of New Hampshire is similar to other lenders for VA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Bank of New Hampshire:

Registered name: Bank of New Hampshire
Registered city and state: LACONIA, NH, 03246
Regulator: Federal Deposit Insurance Corporation (FDIC)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Bank of New Hampshire’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.