Home Equity Loan Rates in New Hampshire (January 2025)

Tappable equity is the portion of your home’s value you can borrow. A home equity loan (HEL) lets you access this equity to fund home improvements or consolidate debt.

New Hampshire's home equity loan rates align with national averages — 7.6% APR for a 10-year term and 7.9% APR for a 15-year term, compared to national rates of 7.7% and 7.9%, respectively. Find detailed insights on New Hampshire home equity loan rates, including city-specific rates, top lenders and tips for securing the best deal.

The current average APR for a 15-year home equity loan in New Hampshire is 7.9%, but several factors might affect lenders' rates. A higher credit score typically means a lower APR, while larger loan amounts may result in higher rates. Repayment terms also affect the APR. Use the table below to compare average APRs for home equity loans in New Hampshire by loan term.

Home equity loan rates change daily, so keeping track can help you save on interest and ensure you borrow within your means. 

For example, a 15-year home equity loan with a 7.9% APR results in a monthly payment of $478 and a total interest of $36,009. A 10-year loan with a 7.6% APR has a monthly payment of $599 and a total interest of $21,849.

The rate you qualify for depends on your loan-to-value (LTV) ratio, which measures how much you owe on your mortgage compared to your home's appraised value. To calculate it, divide your current mortgage balance by your home's appraised value and multiply by 100. For example, if your home is worth $300,000 and you owe $240,000, your LTV ratio is 80%.

A higher LTV ratio means greater risk to lenders, resulting in higher rates. New Hampshire's average APR for a 15-year home equity loan with an 80% LTV is 7.6%, while it's 8.5% for a 90% LTV. Check the table for average rates based on your LTV ratio.

Average APRs vary by city in New Hampshire. Differences in property taxes and local fees can affect rates and overall borrowing costs. Also, increased lender competition can lower interest rates in larger or more densely populated cities. 

For example, Bradford's average APR is 6%, while Campton's is 9%. The table below shows the average home equity loan rates across New Hampshire cities for different terms.

Home equity loan rates in New Hampshire vary between lenders, due to their policies and market strategies. For instance, Bar Harbor Bank and Trust Company offers the lowest average APR at 5.6%, while Northway Bank has the highest at 9%.

Compare rates and terms from different lenders to find the best deal. Use the interactive table below to discover the most competitive lenders in your city.

Getting the best home equity interest rates can reduce your monthly payments and overall costs, freeing up funds for other financial goals. To secure the best rates, consider these strategies:

MoneyGeek addresses questions New Hampshire homeowners have about home equity loan rates.