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Your Turn Homebuyer Assistance

Statewide, New Hampshire

Last verified
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Repayment

Deferred

No payments until the home is sold or refinanced

What is Your Turn Homebuyer Assistance?

Your Turn Homebuyer Assistance is a deferred second loan for homebuyers in Statewide, New Hampshire.

  • NH Community Loan Fund's CDFI-funded statewide DPA second-mortgage program. Gap-underwritten case-by-case; below-market interest rate. Targets borrowers outside NH Housing's standard matrix.
  • NH Community Loan Fund's Your Turn Homebuyer Assistance is a statewide subordinate-loan DPA program from New Hampshire's largest CDFI. Provides flexible second-mortgage / DPA financing for low- and moderate-income first-time homebuyers, particularly those who do not fit into NH Housing's standard product matrix (e.g., manufactured home buyers outside ROCs, self-employed borrowers, gig-economy households, recent immigrants, and households with non-traditional credit). The program layers a below-market-rate second mortgage (typically 0%-3% interest, deferred or amortizing depending on borrower circumstance) on a partner first mortgage. Loan amounts and terms are gap-underwritten case-by-case. Available statewide. Pairs with NH Housing first mortgages, USDA-RD Section 502, AHEAD Pathways grants, and select community-bank conventional first mortgages. Homebuyer education and 1:1 housing counseling required (provided by Community Loan Fund-affiliated counseling agencies including NeighborWorks Southern NH, AHEAD, and The Way Home).
  • Funding comes from CDFI.

Do you have to pay it back?

Your Turn Homebuyer Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Deferred or amortizing structure depending on borrower and typically 0%-3% interest, deferred until maturity, sale, refinance, or non-owner-occupancy. Specific terms negotiated case-by-case.
  • The assistance is recorded in 2nd 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?

Your Turn Homebuyer Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Exceptions for displaced workers, domestic-violence survivors, recent immigrants, and reentering citizens per Community Loan Fund underwriting guidelines.
  • The home is occupied as a primary residence
  • On credit: Per first-mortgage product overlays. Community Loan Fund accepts non-traditional credit (rental / utility / cash-only payment history) for borrowers without traditional FICO scores.
  • A completed homebuyer education course, through NH Community Loan Fund-affiliated HUD-certified housing counseling agencies: NeighborWorks Southern NH (Manchester area), AHEAD (Northern NH), The Way Home (Manchester / statewide).
  • Residency: Property must be located in New Hampshire. Statewide eligibility.
  • Citizenship or immigration status: U.S. citizen, permanent resident, or qualifying non-permanent resident with work authorization.
  • First-time homebuyer required (or specific Community Loan Fund-approved exception for displaced workers / domestic-violence survivors / recent immigrants). Owner-occupied primary residence. Household income limits per Community Loan Fund underwriting (typically at or below 80%-100% AMI by county, gap-underwritten). Property must be located in New Hampshire. Homebuyer education + 1:1 housing counseling with a Community Loan Fund-affiliated agency required. Successful completion of Community Loan Fund's underwriting (gap-financing model - amount sized to the borrower's actual need, not a fixed cap).

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Your Turn Homebuyer Assistance sets its income limit as follows: Community Loan Fund Your Turn income limits per case-by-case underwriting; typically at or below 80%-100% AMI by county.

  • 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?

Your Turn Homebuyer Assistance caps the purchase price as follows: Per first-mortgage product limits.

  • Eligible property types include Single-family detached, 2-4 unit owner-occupied, condominium, townhouse, manufactured home on owned land, and manufactured home in a Resident-Owned Community.
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

Your Turn Homebuyer Assistance names veterans, active-duty service members, reservists and National Guard members, surviving spouses, and buyers with disabilities 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?

Your Turn Homebuyer Assistance serves buyers purchasing in Statewide, New Hampshire.

How do you apply?

Applications for Your Turn Homebuyer Assistance go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through NH Community Loan Fund-affiliated HUD-certified housing counseling agencies: NeighborWorks Southern NH (Manchester area), AHEAD (Northern NH), The Way Home (Manchester / statewide)..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Reserved directly with NH Community Loan Fund via housing-counseling intake; subject to gap-underwriting and fund availability., and are subject to availability.

  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.

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