Mortgages in Derry, NH
Tom helps Derry buyers and homeowners finance single-family homes, condos and two-family homes, from downtown to East Derry and Beaver Lake.
By Tom MacDonald, Loan Officer · Tax rate from NH DRA, 2025Elite Mortgage GroupNMLS #2748687Company NMLS #2502308MBR
No credit pull to start · Options from 45 lenders · Call or text 603-851-4982
Pictured: Lyndeborough, NHWhat should buyers know about Derry?
Looking for a mortgage in Derry, NH? Tom MacDonald, a loan officer with Elite Mortgage Group, helps buyers and homeowners in Derry and nearby towns with purchase loans, refinancing and pre-approvals, comparing options from 45 lenders. Derry's 2025 total property tax rate is $18.99 per $1,000 of assessed value (NH DRA). See every Rockingham County town's rate.
Derry sits in Rockingham County, 12 miles southeast of Manchester. Routes 28, 28 Bypass, 102, 111 and 121 cross town, and I-93 Exit 4 is about a mile away in Londonderry. The Derry Rail Trail follows the old Manchester and Lawrence rail line and links to Windham's trail. Landmarks include Robert Frost Farm, Taylor Mill State Historic Site, Beaver Lake and the Derry Opera House in the Adams Memorial Building.
The town's October 2019 draft master plan inventory, based on 2016 census estimates, found a broader housing mix than in neighboring towns. About half of units were detached single-family homes, and the rest included attached homes, condos, two-family homes, multi-unit buildings and manufactured homes. More than half were built between 1970 and 1990. Depending on the property, buyers could look at multi-unit, condo or renovation financing.
FHA-approved condos: HUD lists 17 approved condo complexes in Derry (October 2026). See the list.
Downtown Derry has the Derry Opera House, and Robert Frost Farm, Taylor Mill and Beaver Lake are all in town. The Derry Rail Trail connects to Windham's.
Tom also works across Rockingham County and nearby towns, including Londonderry, Windham, Salem, Hampstead, Auburn, Chester, Atkinson and Sandown.
Neighborhoods and areas
- Downtown Derry
- East Derry
- Derry Village
- Beaver Lake
Is there a loan officer in Derry, NH?
Yes. Tom MacDonald is a loan officer with Elite Mortgage Group, a mortgage broker at 300 Elm Street in Milford, NH, and he works with buyers and homeowners in Derry on purchase loans, refinancing and pre-approvals. He's available 7 days a week by phone or text at 603-851-4982. Thomas MacDonald, NMLS #2748687 · Company NMLS #2502308MBR.
Derry resources
Which loan programs fit buyers in Derry?
- FHA for 2 to 4 units (multi-family). Two-family homes and three- or four-unit buildings were about a tenth of units in the 2019 inventory.
- Condo financing. The master plan counts condos among the multi-unit homes added from 1970 to 1990.
- Renovation loans. More than half of units were built between 1970 and 1990, and some could need updates.
- Investment property loans (DSCR). Two-family and small multi-unit buildings could be financed based on their rental income.
As a mortgage broker, Elite Mortgage Group works with 45 mortgage lenders, so Tom can shop your loan with many of them at once. Eligibility and terms vary by lender and program.
For buyers and homeowners in Derry
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Buying or refinancing in Derry?
Tell Tom a little about your plans and he'll follow up personally. There's no credit pull to start.
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Helpful guides
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Close to Derry
See all 57 townsShow fewer
- Litchfield
- Hudson
- Merrimack
- Amherst
- Hollis
- Pelham
- Weare
- Nashua
- Manchester
- Bedford
- Concord
- Milford
- Hooksett
- Goffstown
- Dover
- Rochester
- Exeter
- Plaistow
- Portsmouth
- Hampton
- Stratham
- Durham
- Bow
- Pembroke
- Raymond
- Kingston
- Brookline
- New Boston
- Newmarket
- Epping
- Seabrook
- Rye
- North Hampton
- Greenland
- Somersworth
- Barrington
- Hopkinton
- Nottingham
- Newton
- Deerfield
- Allenstown
- Fremont
- Danville
- Brentwood
- Candia
- Wilton
- Mont Vernon
- Lyndeborough
Compare towns, with tax rates and loan limits
Own a business in Derry? The free NH Business Hub is open to every local business.
Common questions about buying in Derry
Don't see yours? Call or text Tom or browse more answers.
Who is a local mortgage loan officer for Derry, NH?
Tom MacDonald, a loan officer who lives in Litchfield, NH. He works with Elite Mortgage Group, a mortgage broker at 300 Elm Street in Milford, NH, and helps buyers and homeowners in Derry compare loan options from 45 lenders. NMLS #2748687 · Elite Mortgage Group NMLS #2502308MBR. Call or text 603-851-4982, or read more about Tom.
What is the property tax rate in Derry, NH?
Derry's 2025 total tax rate is $18.99 per $1,000 of assessed value, set by the NH Department of Revenue Administration. On a home assessed at $100,000, that comes to $1,899 a year. The payment calculator fills in Derry's rate for you.
What are mortgage rates like in Derry, NH?
Mortgage rates follow national markets, so they don't change much from Derry to other New Hampshire towns. What differs is how each lender prices your loan, based on your credit, down payment, loan program and the property. Tom compares pricing from the 45 lenders Elite Mortgage Group works with for your scenario on the same day. What does change by town is property tax: at Derry's 2025 rate, each $100,000 of assessed value adds about $158 a month to your payment. The NH mortgage rates guide explains what sets your rate.
Why might a Derry tax bill differ from the price times the rate?
Your bill is figured on the assessed value, not the price you pay. In 2025, Derry's assessments ran at about 91.6% of market value (median ratio, per Town of Derry Assessing), so check the town's property card for any home you're considering. Derry completed a town-wide revaluation for 2026, so assessments are changing. The NH property tax guide explains how assessments work.
What are the 2026 loan limits in Derry?
Derry is in Rockingham County, where the 2026 one-unit FHA limit is $962,550 and the conforming limit is $962,550. Loans above the conforming limit are jumbo loans. The FHA guide and the loan limit guide have the details.
Which loan programs fit homes in Derry?
Programs that often fit in Derry include FHA for 2 to 4 units (multi-family), Condo financing, Renovation loans and Investment property loans (DSCR). The loan programs section above explains why each may suit Derry's homes, and Tom can compare them for your situation.
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How much is the transfer tax when you buy in Derry?
New Hampshire's real estate transfer tax is the same in Derry as everywhere in the state: $0.75 per $100 of the price, charged to both the buyer and the seller at closing. See the transfer tax calculator or the closing costs guide.
How do I get pre-approved to buy in Derry?
Start with a short conversation with Tom about your plans for Derry. It doesn't pull your credit. Then you complete Elite Mortgage Group's secure application, Tom reviews your income, assets and credit, and you get a pre-approval letter to send with your offers. The pre-approval guide lists the documents to gather.
Which roads do Derry commuters use?
Interstate 93 crosses Derry, but its interchanges are in neighboring towns; Exit 4 is in Londonderry. Routes 28, 28 Bypass and 102 cross the town, Route 102 heading west to Londonderry, and Derry is about 12 miles southeast of Manchester.
What loan types fit Derry homes?
Derry has a broader housing mix than its neighbors: in the town's 2019 master plan inventory, about half of units were detached single-family homes, and the rest included attached homes, condos, two-family homes, multi-unit buildings and manufactured homes. Derry is in Rockingham County, where the 2026 limit for a one-unit home is $962,550 for both conforming and FHA loans. HUD's list showed 17 FHA-approved condo approvals in Derry as of October 28, 2026, many of them two-unit condominiums.
Can I use a USDA loan in Derry?
Usually not. When Tom checked USDA's eligibility map on October 30, 2026, Derry was outside USDA's eligible rural area. Buyers can compare FHA, conventional, VA and NH Housing options instead.
How does buying a home in New Hampshire work, start to finish?
- Get pre-approved, so you know your price range with Derry's tax rate included.
- Make an offer. Your purchase agreement sets the dates for inspections, financing and closing.
- Inspect. If the home has a private well or septic system, add a water test and septic check.
- Apply for the mortgage. Your lender must send a Loan Estimate within 3 business days of your application.
- Appraisal and underwriting.
- Review your Closing Disclosure, which you must receive at least 3 business days before closing.
- Close. New Hampshire's transfer tax is $0.75 per $100 of the price, paid by both the buyer and the seller.
Is there first-time buyer help in Derry?
NH Housing, the state's housing finance agency, offers programs statewide, including Home First for first-time buyers and Plus versions that add down payment assistance. For many programs, "first-time" means you haven't owned a home in the past three years. Income and purchase price limits apply, and some programs require a homebuyer education course. NH Housing loans are made through participating lenders, and Elite Mortgage Group is listed in NH Housing's directory of participating companies.
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