Mortgages in Milford, NH
Tom MacDonald is a loan officer with Elite Mortgage Group who helps buyers and homeowners in Milford, NH, from the Oval downtown to neighborhoods along the Souhegan River. Elite Mortgage Group's office is in Milford.
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 Milford?
Looking for a mortgage in Milford, NH? Tom MacDonald, a loan officer with Elite Mortgage Group, helps buyers and homeowners in Milford and nearby towns with purchase loans, refinancing and pre-approvals, comparing options from 45 lenders. Milford's 2025 total property tax rate is $25.93 per $1,000 of assessed value (NH DRA). See every Hillsborough County town's rate.
Milford grew up along the Souhegan River, about 14 miles northwest of Nashua and 20 miles southwest of Manchester. Routes 13 and 101A meet at the Oval, the triangular town center officially called Union Square, with the Pillsbury Bandstand at its middle. Route 101 also crosses the town. Milford was once home to many granite quarries and, in the 19th century, several textile mills.
In the state's community profile, about 58% of housing units are single-family homes, about 15% are in two- to four-unit buildings and about 22% are in buildings with five or more units. Conventional, FHA, VA and NH Housing loans could fit many of these homes, and owner-occupied loans can also work for a two- to four-unit building when you live in one of the units.
FHA-approved condos: HUD lists 2 approved condo complexes in Milford (October 2026). See the list.
Milford's Oval, with the Pillsbury Bandstand in the middle, is one of the best downtowns in the area, and it's home to Elite Mortgage Group's office. Shops and restaurants line the Oval and the Souhegan River.
Tom also works across Hillsborough County and nearby towns, including Amherst, Hollis, Brookline, Wilton, Mont Vernon and Lyndeborough.
Neighborhoods and areas
- The Oval (Union Square)
- Downtown along the Souhegan River
- Route 101A corridor
- Route 13
Is there a loan officer in Milford, NH?
Yes. Tom MacDonald is a loan officer with Elite Mortgage Group, a mortgage broker at 300 Elm Street, here in Milford, and he works with buyers and homeowners in Milford 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.
Milford resources
Which loan programs fit buyers in Milford?
- Conventional. Suits a housing stock where about 58% of units are single-family homes.
- FHA. May work for many single-family homes, and for a two- to four-unit building when you live in one unit.
- VA. Could finance a primary home for eligible veterans and service members.
- NH Housing. May fit a primary home purchase, depending on the buyer and the program's rules.
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 Milford
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Buying or refinancing in Milford?
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 Milford
See all 57 townsShow fewer
- Litchfield
- Hudson
- Merrimack
- Pelham
- Weare
- Londonderry
- Nashua
- Manchester
- Salem
- Derry
- Windham
- Bedford
- Concord
- Hooksett
- Goffstown
- Dover
- Rochester
- Exeter
- Plaistow
- Hampstead
- Portsmouth
- Hampton
- Stratham
- Durham
- Bow
- Pembroke
- Auburn
- Chester
- Raymond
- Atkinson
- Kingston
- New Boston
- Newmarket
- Epping
- Seabrook
- Rye
- North Hampton
- Greenland
- Somersworth
- Barrington
- Sandown
- Hopkinton
- Nottingham
- Newton
- Deerfield
- Allenstown
- Fremont
- Danville
- Brentwood
- Candia
Compare towns, with tax rates and loan limits
Own a business in Milford? The free NH Business Hub is open to every local business.
Common questions about buying in Milford
Don't see yours? Call or text Tom or browse more answers.
Who is a local mortgage loan officer for Milford, 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 Milford 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 Milford, NH?
Milford's 2025 total tax rate is $25.93 per $1,000 of assessed value, set by the NH Department of Revenue Administration. On a home assessed at $100,000, that comes to $2,593 a year. The payment calculator fills in Milford's rate for you.
What are mortgage rates like in Milford, NH?
Mortgage rates follow national markets, so they don't change much from Milford 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 Milford's 2025 rate, each $100,000 of assessed value adds about $216 a month to your payment. The NH mortgage rates guide explains what sets your rate.
What are the 2026 loan limits in Milford?
Milford 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 Milford?
Programs that often fit in Milford include Conventional, FHA, VA and NH Housing. The loan programs section above explains why each may suit Milford's homes, and Tom can compare them for your situation.
How much is the transfer tax when you buy in Milford?
New Hampshire's real estate transfer tax is the same in Milford 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.
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How do I get pre-approved to buy in Milford?
Start with a short conversation with Tom about your plans for Milford. 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 Milford commuters use?
Routes 13 and 101A meet at the Oval in the town center, and Route 101 also crosses Milford. The town is about 14 miles northwest of Nashua and 20 miles southwest of Manchester.
Can I use a USDA loan in Milford?
Often, yes. When Tom checked USDA's eligibility map on October 30, 2026, Milford fell inside USDA's eligible rural area for home loans. USDA loans also have household income limits, and eligibility is confirmed address by address, so Tom checks the exact property and your income first.
What loan types fit Milford homes?
In the state's community profile, about 58% of Milford's housing units are single-family homes, about 15% are in two- to four-unit buildings and about 22% are in buildings with five or more units. Conventional, FHA, VA, USDA and NH Housing loans could fit many of these homes, and an owner-occupied two- to four-unit building can be financed when you live in one of the units. HUD's list showed two FHA-approved condo complexes in Milford as of October 28, 2026: 82 Wilton Road Condominium and Woodside Common.
Where is Elite Mortgage Group's office?
Elite Mortgage Group is at 300 Elm Street, Unit 2, in Milford, NH 03055. Tom also meets clients by phone, text and video across southern New Hampshire, and he's available 7 days a week.
How does buying a home in New Hampshire work, start to finish?
- Get pre-approved, so you know your price range with Milford'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 Milford?
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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