Mortgage Pre-Approval

Being pre-approved for a Merrimack mortgage before you start home shopping is an excellent way to save money and time. Knowing in advance how large a mortgage you can afford lets you focus your attention only on homes within your price range. And having a pre-established relationship with The Merrimack allows you to negotiate your best deal with the seller when you find the house you want. Getting pre-approved also dramatically speeds the application process and leads to a faster loan closing.

Let's Get Acquainted

The best way to get started is a free, no obligation consultation with one of our mortgage professionals who are ready to meet with you at the time and place of your choosing. They'll answer all of your questions, explain the many financing options available and begin the process of finding the right mortgage for you. Contact any member of our mortgage lending team to discuss your needs and to arrange an appointment. Or, visit our new Home Loan Center to apply or be pre-approved for your mortgage. We look forward to serving you.

Whether you need help getting a home or getting the most out of your home, we’ve got a wide variety of loans to fit your needs and circumstances. Review some of the many options below.

Fixed Rate Options

We offer a variety of terms. Your interest rate is fixed under these plans, and will not vary over the life of the loan. You are assured your principal and interest payments will remain constant from year to year.

Adjustable Rate Options

Adjustable Rate Mortgages (ARMs) are typically available with lower initial interest rates than fixed rate mortgages. And because your rate adjusts to market conditions from period to period, you are protected against paying more than a "market" rate of interest over the life of your loan. We offer rate adjustment periods of one, three, or five years.

Construction to Permanent Options

Many people prefer to build a home customized to their particular wishes. Obtaining short-term construction financing, and then applying for a permanent mortgage after the home is completed, can be complicated and time consuming. That's why we simplify the process by offering programs that automatically convert construction financing to a permanent mortgage when the home is finished. There is only one application and closing, rather than two. Fixed and adjustable rate options are available, and you can "lock in" the rate on your permanent mortgage during the construction period.

Purchase (or Refinance) & Renovate Option

Buying a home in need of renovation can be a great way to buy more house for less money. Our Purchase and Renovate program is specially designed to allow you to purchase the property and pay for the renovations with a single loan. Renovating your existing home is also made easy with our Refinance and Renovate program, which works in the same fashion.

Veterans Administration (VA)

VA programs provide eligible veterans with the ability to obtain fixed rate or adjustable rate home loans with very competitive rates and low down payments.

Federal Housing Administration (FHA)

The FHA provides fixed rate loans at highly competitive rates and low down payments to eligible borrowers.

Rural Development (USDA)

Under its Guaranteed Home Housing Loan Program, the USDA provides fixed rate mortgages for homes in rural areas and small towns. To be eligible, borrowers must have incomes which are at or below 100% of the local median income as defined by the U.S. Department of Housing and Urban Development (HUD).

Special Programs for First-Time Home Buyers

New Hampshire Housing Finance Authority (NHHFA)

Funds become available periodically through the NHHFA specifically to assist low and moderate income borrowers to purchase their first home. The program offers a minimum down payment, and a low fixed rate. Funds are also available to benefit eligible borrowers who may need special assistance with making the down payment or paying closing costs.

The Merrimack's First-Time Home Buyer Program

We have developed our own exclusive special program to assist first-time home buyers who may not otherwise be able to afford their own home. Please ask us for all the details.

Mortgage Refinancing

When rates are right, coming to The Merrimack to refinance your current mortgage can be an excellent way to lower your payments, shorten the length of your loan or tap into your home's equity. We are always available to discuss your refinancing options with you, and are happy to calculate how much you may benefit from rewriting your current mortgage. If you decide to refinance, you may also be able to finance all of your closing costs. That means no out-of-pocket expense for you to worry about.

Home Equity Loan Programs

The Merrimack's home equity loan programs are ideal ways to take advantage of your home's equity without disturbing your current mortgage. A Home Equity Credit Line puts your home's equity value at your fingertips as easily as writing a check. Cash is available to you whenever you need it, for whatever reason you choose. Or, you may prefer a fixed rate Home Equity Loan with a stable monthly payment.