Vol.42, No.26
www.thewarrengroup.com
W E E K O F M O N D A Y, J U N E 2 9 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
T O P L E N D E R S B Y C AT E G O R Y
Portsmouth 155 GREENLEAF AVE . . . . . . . . . . . . . . . . . . . . . . . . . $4,000,000 B: 155 Greenleaf LLC S: Jane E Sholdar & Nancy J Cziske Mtg: Provident Bank $3,200,000 Use: Auto Sales, Lot: 180338sf
Dover 150 VENTURE DR . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,200,000 B: Index Packaging Inc S: 150 Venture Drive LLC Mtg: TD Bank NA $2,560,000 Use: Manufacturing Building, Lot: 306227sf
Gilford 274 EDGEWATER DR. . . . . . . . . . . . . . . . . . . . . . . . . . $1,873,000 B: David N Gill & Angela C Gill S: Michael R Currier & Robbin L Currier Mtg: JPMorgan Chase Bank $1,498,400 Use: 3 Bdrm Contemporary, Lot: 26572sf
Hanover 3 BALCH HILL LN . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,775,000 B: Samuel P Rhodes & Kathryn A Rhodes S: David F Bauer & Supreetinder KR Bauer Mtg: Samuel P Rhodes $500,000 Use: 5 Bdrm Colonial, Lot: 107593sf
Hampton 27 DUMAS AVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,706,000 B: Ihab H Farag Tr, Tr for Farag FT S: Paul R Lepere
Newmarket 100 & 100 1/2 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: CC 100 Main LLC S: Newmarket Willey Apts LLC
Rye 21 AUTUMN LANE. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,469,933 B: Kristian Jensen 3rd & Nancy H Jensen S: Persimmon Homes LLC
North Hampton 29 CHAPEL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,350,000 B: Richard T Doverspike & Michelle L Doverspike S: Karen F Weiler Mtg: Wells Fargo Bank $500,000 Use: 4 Bdrm Colonial, Lot: 100624sf
Warner 145 BROWN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,200,000 B: Jacqueline E Germain Tr, Tr for Jacqueline E Germain RET S: Gerald E Roy
Hanover 12 MAPLE ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,150,000 B: Thomas W Naughton Tr, Tr for Thomas W Naughton T S: Sarah Geithner Mtg: Mascoma Bank $977,500 Use: 5 Bdrm Conventional, Lot: 5663sf
New Hampshire’s Top FHA, VA Lenders, Ranked Loans Are Key Tools for First-Time Buyers BY JAMES SANNA REGISTRY REVIEW STAFF
W
hile Federal Housing Administration and Veterans Affairs loans may be challenging for lenders to issue, they can be key tools for opening the dream of homeownership up to a wider range of people. For the second year in a row, The Warren Group is reporting the top lenders for FHA loans, as well as VA loans, home equity lines of credit and adjustable-rate mortgages in New Hampshire. The rankings include banks, credit unions and mortgage companies and are based on loan volumes in 2019. While they have different qualification requirements, both VA and FHA loans typically allow borrowers to put very little money down, or none at all, on a mortgage. Various government agencies then fill in the gaps so banks can originate the mortgage and still meet their underwriting standards. They also allow borrowers with lower credit scores to qualify for loans, and may have other advantages, such as offering seller credits to help borrowers cover closing costs, which can be thousands of dollars. Although both are lenient, VA loans are considered to have the easiest qualification standards; they also require the borrower to be a veteran with a valid cer-
$300,000 300000 $290,000 290000 $280,000 280000 $270,000 270000
May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May May ’19
’20
Number 320000 of Sales $320,000 300000 $300,000 280000 $280,000 260000 $260,000 240000 $240,000 220000 $220,000 200000 $200,000
May
May ’16
May
May ’17
May
May ’18
May
May ’19
May
May ’20
Continued on Page 12
TO OUR CUSTOMERS
T
$320,000 320000
REAL ESTATE RECORDS
3 Belknap �������������������������� 06/16/20 3 Carroll ���������������������������� 06/16/20 4 Cheshire ������������������������ 06/16/20 5 Coos �������������������������������� 06/16/20 5 Grafton ���������������������������� 06/16/20 6 Hillsborough ������������������ 06/16/20 8 Merrimack ���������������������� 06/16/20 9 Rockingham ������������������ 06/16/20 10 Strafford ������������������������ 06/16/20 11 Sullivan �������������������������� 06/16/20 11 Bankruptcies 11 Lien & Attachments 11 Foreclosure, Mortgagee & Other Lien Auctions 11 Requests for Bids & Proposals
gible for a loan-to-value ratio of 90 percent. The top FHA lender statewide among banks, for the second year in a row, was USAA Federal Savings Bank; among credit unions it was St. Mary’s Bank; and among mortgage companies, it was Residential Mortgage Services Inc. USAA also took the top VA lender spot for the second year, with Navy Federal Credit Union doing the same among credit unions.
Single-Family Median Sales Price $310,000 310000
TRANSACTIONS THRU
tificate of eligibility issued by the Department of Veterans Affairs. FHA loans are insured by the federal government and offer low- to moderateincome homebuyers lower down payment, debt-to-income and credit score requirements compared to conventional mortgages. The minimum down payment is 3.5 percent, and borrowers need a credit score of only 580. Those with credit scores between 500 and 579 are eli-
NEW HAMPSHIRE MARKET STATISTICS
INDEX PG COUNTY
Federal Housing Administration and Veterans Affairs loans are complicated products, but enable many to access housing they couldn’t otherwise afford.
Year
Median Price
Change Prior Year
May 2016
$240,000
2.13%
May 2017
$257,267
7.19%
May 2018
$270,000
4.95%
May 2019
$285,000
5.56%
May 2020
$308,000
8.25%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict access and courts close down, we anticipate further collection issues and as a result you will see fewer sales, notices and liens in The Registry Review. We will publish this information as it is available. We apologize for any inconvenience this crisis may cause, and we thank you for your understanding and continued support of our newspapers. Please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com if you have any questions. All collection issues are also available on our website, www.thewarrengroup.com/data-collection-issues. Sincerely, Cassidy Norton, Associate Publisher The Warren Group