ROC Preferred

What is ROC Preferred?

ROC Preferred is a forgivable loan for homebuyers in Statewide, New Hampshire.

• NH Housing's manufactured-home-in-Resident-Owned-Community first-mortgage product. Pairs with up to 4% Cash Assistance forgivable DPA. 620 FICO government / 680 conventional. Statewide ROC parks.
• NH Housing's ROC Preferred is a 30-year fixed CONVENTIONAL first-mortgage product specifically for borrowers purchasing a manufactured home on land in an approved Resident-Owned Community (ROC) - cooperative manufactured-home parks where residents collectively own the underlying land. Title to the manufactured home (chattel-style on a leased pad in a member-owned cooperative) is financed via a real-estate-secured conventional mortgage given the cooperative ownership structure. Pairs with the standard NH Housing Cash Assistance second mortgage providing up to 4% of the base loan amount as a 0%-interest forgivable second (1%/year over 4 years). 620 minimum FICO government / 680 conventional. Income limits up to $176,200 / $125,900-$144,785 non-targeted by household size. Homebuyer education required. NH Housing's ROC Preferred is unique nationally - it leverages the NH Community Loan Fund's pioneering ROC USA cooperative-park model.
• Funding comes from State and Bond.

How much assistance does it provide?

ROC Preferred provides assistance worth 4% of the purchase price, as set by the program.

• Buyer contribution: Per first-mortgage product overlays.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

ROC Preferred is forgiven after 4 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by First mortgage: standard 30-year amortizing. Cash Assistance second: 0% interest, 1%/year forgiveness over 4 years and unforgiven balance due on sale/refinance/transfer/non-owner-occupancy before 4 years.
• The assistance is recorded in 1st Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

ROC Preferred is open to buyers who will live in the home as their primary residence.

What are the income limits?

ROC Preferred limits household income to $176,200.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

ROC Preferred caps the purchase price as follows: Acquisition cost limits per NH Housing standard schedule. ROC manufactured-home purchase prices typically well below state median given cooperative-pad ownership structure.

• Eligible property types include Manufactured home (singlewide, doublewide, modular) in a NH Housing-approved Resident-Owned Community (ROC) cooperative manufactured-home park. Membership share in the ROC cooperative required.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

ROC Preferred names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

ROC Preferred serves buyers purchasing in Statewide, New Hampshire.

• The program targets specific areas: Statewide ROC parks (~120+ Resident-Owned Communities across NH).

How do you apply?

Applications for ROC Preferred go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through NH Housing-approved homebuyer education course PLUS ROC-specific cooperative-membership orientation provided by the ROC park..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Reserved through NH Housing's online lender portal (Lender Online) at time of rate lock by approved participating lender., and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.