Your Manchester, NH loan officer
Tom helps Manchester buyers and homeowners finance everything from condos in converted mill-era tenements to two- to four-unit buildings.
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
What should buyers know about Manchester?
Looking for a mortgage in Manchester, NH? Tom MacDonald, a loan officer with Elite Mortgage Group, helps buyers and homeowners in Manchester and nearby towns with purchase loans, refinancing and pre-approvals, comparing options from 45 lenders. Manchester's 2025 total property tax rate is $20.24 per $1,000 of assessed value (NH DRA). See every Hillsborough County town's rate.
Manchester, New Hampshire's most populous city, took shape around Amoskeag Falls on the Merrimack River. I-93, I-293, US 3 and Routes 28, 101 and 114 carry traffic through the city, which is also served by Manchester-Boston Regional Airport. Redevelopment continues in the historic Amoskeag Millyard near downtown. The Currier Museum of Art, the Palace Theatre, SNHU Arena and Northeast Delta Dental Stadium are here, and Massabesic Lake is on the eastern border.
Census estimates for 2017 to 2021 place more than half of the city's housing units in buildings with two or more units, and over a quarter in two- to four-unit buildings. Many 19th-century tenements built for mill workers have been converted to condominiums. Financing could involve an owner-occupied multi-unit loan, a condo loan that may depend on the building meeting lender guidelines, or a renovation loan for an older property.
FHA-approved condos: HUD lists 15 approved condo complexes in Manchester (October 2026). See the list.
Downtown Manchester has the Palace Theatre, SNHU Arena and the Fisher Cats at Delta Dental Stadium, and the Millyard is full of redeveloped mill buildings. A lot of the old mill-worker tenements are condos now. It's also the best place around for two- to four-unit buildings.
Tom also works across Hillsborough County and nearby towns, including Bedford, Londonderry, Litchfield, Hooksett, Goffstown and Auburn.
Neighborhoods and areas
- Millyard
- North End
- West Side
- Rimmon Heights
- Hallsville
- Goffes Falls
Is there a loan officer in Manchester, 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 Manchester 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.
Is there a mortgage broker for Manchester, NH buyers?
Yes. Elite Mortgage Group is a mortgage broker in Milford, NH, and Tom MacDonald, one of its loan officers, works with buyers and homeowners in Manchester. Instead of one bank's programs, Tom compares loan options from 45 lenders and helps you pick the one that fits. Elite is a mortgage broker only, not a mortgage lender, so your loan comes from the lender you choose together.
Can I live in one unit of a Manchester 2 to 4 unit building and rent out the others?
Yes, and it's a common way to buy in Manchester, where two- to four-unit buildings are a big part of the housing. FHA, conventional and VA loans can all finance a 2 to 4 unit home when you live in one of the units. Lenders may count part of the expected rent from the other units toward your income, and FHA adds a self-sufficiency test for 3 and 4 unit buildings. See buying a 2 to 4 unit home.
What should I check before buying a condo in Manchester?
If you plan to use an FHA loan, check whether the complex is on HUD's FHA-approved condo list. For any loan, the lender will also look at the condo association's budget, insurance and any lawsuits, which matters in older converted mill buildings. Ask the seller for the condo documents early. See condo financing in NH.
Manchester resources
Which loan programs fit buyers in Manchester?
- FHA for 2 to 4 units (multi-family). Two- to four-unit buildings hold a large share of the city's housing.
- Condo financing. Many former mill-worker tenements are now condominiums.
- Investment property loans (DSCR). Multi-unit buildings are a common property type in the city.
- Renovation loans. 19th-century tenement buildings could need updates at purchase.
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 Manchester
See all 12 loan typesShow fewer
Buying or refinancing in Manchester?
Tell Tom a little about your plans and he'll follow up personally. There's no credit pull to start.
Read reviews: Google · Experience.com
Helpful guides
See all 6 guidesShow fewer
Close to Manchester
See all 57 townsShow fewer
- Hudson
- Merrimack
- Amherst
- Hollis
- Pelham
- Weare
- Nashua
- Salem
- Derry
- Windham
- Concord
- Milford
- Dover
- Rochester
- Exeter
- Plaistow
- Hampstead
- Portsmouth
- Hampton
- Stratham
- Durham
- Bow
- Pembroke
- Chester
- Raymond
- Atkinson
- Kingston
- Brookline
- New Boston
- Newmarket
- Epping
- Seabrook
- Rye
- North Hampton
- Greenland
- Somersworth
- Barrington
- Sandown
- 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 Manchester? The free NH Business Hub is open to every local business.
Common questions about buying in Manchester
Don't see yours? Call or text Tom or browse more answers.
Who is a local mortgage loan officer for Manchester, 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 Manchester 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 Manchester, NH?
Manchester's 2025 total tax rate is $20.24 per $1,000 of assessed value, set by the NH Department of Revenue Administration. On a home assessed at $100,000, that comes to $2,024 a year. The payment calculator fills in Manchester's rate for you.
What are mortgage rates like in Manchester, NH?
Mortgage rates follow national markets, so they don't change much from Manchester 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 Manchester's 2025 rate, each $100,000 of assessed value adds about $169 a month to your payment. The NH mortgage rates guide explains what sets your rate.
Why might a Manchester tax bill differ from the price times the rate?
Your bill is figured on the assessed value, not the price you pay. In 2025, Manchester's assessments ran at about 64.8% of market value (equalization ratio, per City of Manchester Assessors), so check the town's property card for any home you're considering. The NH property tax guide explains how assessments work.
What are the 2026 loan limits in Manchester?
Manchester is in Hillsborough County, where the 2026 one-unit FHA limit is $589,950 and the conforming limit is $832,750. 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 Manchester?
Programs that often fit in Manchester include FHA for 2 to 4 units (multi-family), Condo financing, Investment property loans (DSCR) and Renovation loans. The loan programs section above explains why each may suit Manchester's homes, and Tom can compare them for your situation.
Show all 13 questionsShow fewer
How much is the transfer tax when you buy in Manchester?
New Hampshire's real estate transfer tax is the same in Manchester 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 Manchester?
Start with a short conversation with Tom about your plans for Manchester. 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 Manchester commuters use?
Interstates 93 and 293, US Route 3 and Routes 3A, 28 and 101 serve the city, and Manchester-Boston Regional Airport is on its border with Londonderry. Manchester is about 51 miles north-northwest of Boston.
What loan types fit Manchester homes?
Census estimates for 2017 to 2021 place more than half of Manchester's housing units in buildings with two or more units, and over a quarter in two- to four-unit buildings, and many 19th-century mill-worker tenements have been converted to condominiums. Owner-occupied 2 to 4 unit loans, condo loans and renovation loans all come up here, along with conventional, FHA, VA and NH Housing loans. HUD's list showed 15 FHA-approved condo complexes in Manchester as of October 28, 2026.
Can I use a USDA loan in Manchester?
No. When Tom checked USDA's eligibility map on October 30, 2026, Manchester was outside USDA's eligible rural area. Litchfield, just to the south, was mostly inside it.
How does buying a home in New Hampshire work, start to finish?
- Get pre-approved, so you know your price range with Manchester'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 Manchester?
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.
Ready when you are
Three easy ways to reach Tom. No cost, no obligation and no credit pull to start.
Get a call back
A few quick questions, then Tom calls you.