Mortgage Broker in Derry, NH
Local home loans, fast pre-approvals, and a real loan officer on your side. We help buyers and homeowners across Derry and southern New Hampshire, including buyers relocating from Massachusetts.
★★★★★ 4.9/5 Stars · Trusted by 2,300+ NH families
Why Derry homebuyers choose NextGen Mortgage Loans
Local New Hampshire licensing and presence. Derry sits in Rockingham County, a high-cost area with a 2026 FHA limit of $962,550, well above what applies just west in Hillsborough County. We price your options against the real limit, not a national rule of thumb.
A loan program for your situation. Whether you need 3.5% down, zero down, or a refinance, we offer FHA loans, VA loans, conventional loans, and refinance loans.
Licensed in New Hampshire and Massachusetts. If you're relocating from Massachusetts, we can pre-approve you before your current home sells and handle both sides of a simultaneous sale and purchase.
Direct loan officer access. You get a phone number and an email, not a 1-800 call center. When questions come up the night before closing, you can reach a person.
Loan options for Derry, NH buyers
Derry is one of New Hampshire's largest towns by population, with a housing mix that runs from starter capes to larger homes near Beaver Lake and East Derry. The right loan depends on your credit, savings, military status, and goals.
FHA Loans in Derry
3.5% down with a 580 credit score. The 2026 FHA loan limit for Rockingham County is $962,550, well above Hillsborough County's $589,950 and far above Derry's typical sale price.
FHA loans →VA Loans in Derry
Zero down, no PMI, and competitive rates for eligible service members, veterans, and surviving spouses across southern New Hampshire.
VA loans →Conventional Loans
As little as 3% down on a primary residence. With 20% down, you skip private mortgage insurance entirely. Best fit for credit at 720 and up.
Conventional loans →Bank Statement Loans
Self-employed borrowers whose tax returns understate real income can qualify using 12 or 24 months of bank statements instead.
Bank statement loans →Manufactured Home Loans
We have access to a specialty program for manufactured and park homes that agency lenders decline, including older homes and leased-land situations.
Manufactured home loans →Refinance Options
Rate-and-term refinance to lower your payment, or cash-out refinance to tap the equity you've built since buying.
Refinance loans →
Not sure which fits? A NextGen loan officer can run your scenario across every program in 15 minutes. No credit pull, no pressure.
Talk to a loan officer →
Why Derry buyers have more FHA buying power than most of New Hampshire
Same borrower, same credit. Just over the Hillsborough County line, the answer is different.
2026 FHA loan limit, single-family home, by NH county
Because Derry's median sale price runs well under $962,550, the FHA limit itself is rarely what stops a Derry buyer. The advantage shows up most on larger or newer homes near Beaver Lake and East Derry, and on 2 to 4 unit purchases, where Rockingham's multi-unit limits run up to $1,851,100 for a four-unit.
The Derry, NH housing market at a glance
Derry is one of New Hampshire's largest towns by population, with a mix of starter homes, larger properties near Beaver Lake, and steady demand from buyers priced out of Salem and Windham.
Redfin, Nov 2025. Pull a current-month figure before publishing if this page ships more than 60 days from now.
At roughly $400,000, Derry remains one of the more attainable Rockingham County towns, well below Salem's $597,000 and Londonderry's $533,000. That gap is a big part of why Derry keeps drawing buyers priced out of its neighbors.
How much house can you afford in Derry, NH?
The 28/36 rule is a useful start: no more than 28% of gross monthly income on housing, no more than 36% on total debt. Derry's property taxes are a real line item to budget for.
Derry's 2025 tax rate rose modestly to $18.99 per $1,000 of assessed value, up 1.6% from $18.69 in 2024. Unlike some neighboring towns, 2025 was not a revaluation year for Derry, so this increase reflects ordinary budget growth in the town, school and county rates rather than a reset in assessed values. Build property tax into your debt-to-income calculation along with insurance and any HOA fees. Run the numbers with our mortgage calculators.
Derry and the southern NH corridor
Our office is about 20 minutes away in Nashua.
Derry sits between three growing markets
Derry borders Londonderry, Salem and Chester, and sits on Route 28 and Route 102, keeping commutes to Manchester, Nashua and Boston workable without the price premium of towns closer to the Massachusetts line.
- Manchester, NH 20 min
- Nashua, NH (our office) 20 min
- Salem, NH 15 min
- Manchester-Boston Airport 20 min
- Boston, MA 50–55 min
Our Derry mortgage process
Most Derry buyers move from pre-approval to closing in 30 to 45 days. Here is how it works.
Pre-approval
Submit a quick application and basic income documents. We issue a letter in 1 to 2 business days.
Home shopping
Use your pre-approval letter when making offers. Sellers in Derry increasingly expect one given how quickly homes are moving.
Application & documents
Once your offer is accepted, we collect full documentation per our mortgage application checklist.
Underwriting & appraisal
The lender verifies income, assets, and credit as your broker manages the file. Most clear in 2 to 3 weeks.
Closing
Sign final documents, pay closing costs, and receive the keys at a local title company.
Areas we serve in and around Derry, NH
We serve buyers across Derry and the surrounding towns in Rockingham County.
ZIP codes served: 03038
Frequently asked questions
The questions Derry buyers ask us most often.
What is the FHA loan limit in Derry, NH?
The 2026 FHA loan limit for a single-family home in Derry, New Hampshire is $962,550, because Derry is in Rockingham County, which HUD designates as a high-cost area within the Boston-Cambridge-Newton metro. This is well above the $589,950 limit in Hillsborough County and the $541,287 limit across most of New Hampshire, though most Derry homes sell well under any of these limits.
What credit score do I need to qualify for a mortgage in Derry, NH?
You can qualify for an FHA loan in Derry with a credit score as low as 580 and 3.5% down, or 500 to 579 with 10% down. Conventional loans typically require 620 or higher, with the best rates at 740-plus. VA loans have no set minimum from the VA, but most lenders look for 580 to 620.
Can I get pre-approved in New Hampshire if I currently live in Massachusetts?
Yes. NextGen Mortgage Loans is licensed in both New Hampshire and Massachusetts, so we can pre-approve you for a Derry purchase while you still own and are selling a home in Massachusetts, and can handle both sides of a simultaneous sale and purchase across the state line.
Why is Derry's tax rate higher than Londonderry's?
Derry's 2025 property tax rate is $18.99 per $1,000 of assessed value, while neighboring Londonderry's is $14.47. Both towns sit in Rockingham County, but each sets its own municipal and school budgets, and each has a different total assessed valuation and assessment ratio. A lower rate does not necessarily mean a lower bill, since it depends on the assessed value of a specific home, not just the town's rate.
How much do I need for a down payment to buy in Derry?
It depends on your loan program. FHA requires 3.5% down. Conventional loans start at 3% for first-time buyers and 5% for repeat buyers. VA loans require zero down for eligible borrowers. New Hampshire Housing offers down payment assistance up to 4% of the loan amount.
How long does it take to close on a home in Derry?
Most Derry home purchases close in 30 to 45 days from accepted offer. Refinances typically close in 30 to 35 days. Timing depends on appraisal availability, document turnaround, and underwriting volume.
What Derry-area homeowners say about us
Real feedback from real clients we have helped buy and refinance across Derry and Rockingham County.
Get pre-approved for a mortgage in Derry, NH today
We answer the phone, work the file, and close on time across Derry and Rockingham County.
MLO License Info: NMLS #1621958, NH Broker license #1621958MBRR, and MA Broker license #MB1621958, ME Broker License #1621958, FL Broker License #MBR4542, RI Broker License #20265029LB.
NextGen Mortgage Loans is a licensed mortgage broker, not a lender. We do not make loans directly. Loans are arranged through third-party wholesale lenders, and all credit decisions are made by those lenders.
This is not a commitment to lend. Loan limits, market figures and property tax data on this page are provided for general information and are subject to change; confirm current figures before making an offer or relying on them for a financial decision.
20 Trafalgar Square Ste 304, Nashua NH 03063
MLO License Info: NMLS #1621958, NH Broker license #1621958MBRR, and MA Broker license #MB1621958, ME Broker License #1621958, FL Broker License #MBR4542, RI Broker License #20265029LB
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