New Hampshire draws investors with its older mill-city multifamily, Boston commuter demand and lake and mountain rentals. With no general sales tax or wage income tax, much of the cost of owning lands on the property tax bill.
In short: The best DSCR lender in New Hampshire is the one that finances older 2-4 unit buildings well and prices the deal on the real tax bill. Compare rate, LTV, minimum DSCR, reserves and how each lender handles seasonal rentals in the Lakes Region and White Mountains. LendingStreet finances investment property in New Hampshire with DSCR rates from 6.125%, up to 80% LTV on purchases and no W-2s or tax returns. Manchester and Nashua multifamily often clears 1.0x when property taxes are budgeted correctly.
Kiavi, LendingOne, CoreVest, Visio Lending and Angel Oak also write DSCR loans, alongside New Hampshire's local banks and credit unions. Most differences show up on multifamily rules and seasonal income.
Put each lender on the same property and rent. Compare rate, lender and closing costs, prepayment terms and reserves, and make sure each quote uses the town's actual tax rate.
Our DSCR loans qualify on the property's rent. Rates start at 6.125% for well-qualified borrowers and 6.49% for short-term rentals. Purchases go up to 80% LTV and cash-out refinances up to 75%, with a 620 minimum credit score.
LLC borrowers are allowed, and 30-year fixed options are available. The standard minimum is 1.0x, with sub-1.0 and no-ratio programs for tighter deals.
Manchester and Nashua have the state's largest stock of older two-, three- and four-family buildings, many dating to the mill era, with tenants who work locally or commute toward Boston. Concord, the capital, Dover and Rochester add similar housing at varied price levels.
Portsmouth and the Seacoast are higher-priced, with Hampton Beach busy in summer. College towns include Durham with UNH, Hanover with Dartmouth and Keene with Keene State. The Lakes Region around Lake Winnipesaukee and White Mountains towns such as North Conway and Lincoln are seasonal rental markets for summer lake visitors and winter skiers.
New Hampshire has no general sales tax and no broad income tax on wages, and towns rely heavily on property taxes. Rates vary widely from town to town, so two similar buildings in neighboring towns can produce very different ratios.
Older multifamily buildings bring condition questions: roof, foundation, electrical, heating and lead paint in pre-1978 housing. Appraisers will also confirm the legal unit count with the town.
This example is illustrative and not a quote. An investor buys a three-family building in Manchester for $525,000. Each unit rents for $1,700, for $5,100 a month. Property taxes are $850 a month and insurance is $220, for $1,070 total.
At 75% LTV the loan is $393,750. At a sample rate of 7.125% on 30-year amortization, principal and interest is about $2,653. The total payment is about $3,723 and DSCR is about 1.37x. Taxes and insurance make up nearly 30% of that payment, which is typical for New Hampshire multifamily.
| Item | Amount |
|---|---|
| Purchase price | $525,000 |
| Loan at 75% LTV | $393,750 |
| Principal and interest (7.125%, 30 years) | About $2,653 |
| Property taxes and insurance | $1,070 |
| Total monthly payment | About $3,723 |
| Rent (three units at $1,700) | $5,100 |
| DSCR | About 1.37x |
Lakes Region rentals peak in summer, and White Mountains rentals have both summer and ski seasons. STR DSCR loans qualify on projected annual revenue, so slower spring and fall months count.
Some towns regulate short-term rentals through zoning, and some lake associations and condo HOAs restrict rentals. Confirm local rules before you count on nightly income.
Bring the leases and rent roll, the current tax bill, an insurance quote, heating details, LLC documents and two months of bank statements. For a seasonal rental, add a projection or booking history and any HOA documents.
Send the building's numbers before you sign. The financing team will review it and come back with 2-3 options.
Yes. LendingStreet finances investment property in New Hampshire, including Manchester, Nashua, Concord, Portsmouth and the Lakes Region. Loans are business-purpose on non-owner-occupied property, starting at $150,000.
They raise the payment the rent must cover, so they lower the ratio. Many New Hampshire multifamily buildings still clear 1.0x when the real tax bill is used.
Yes, if local rules and any HOA allow it. STR DSCR loans qualify on projected annual revenue, with rates from 6.49% for qualified borrowers.
Yes. Two- to four-unit properties qualify on our DSCR programs. Buildings with five or more units go to multifamily financing.
No. The loan qualifies on the property's rent. You need a 620 or higher credit score and reserves.
Yes. LLC borrowers are allowed. Have your formation documents, operating agreement and EIN ready.
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