Your Nashua, NH loan officer
Tom helps Nashua buyers and homeowners finance single-family homes, 2 to 4 unit properties and older houses, from French Hill to South Nashua.
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 Nashua?
Looking for a mortgage in Nashua, NH? Tom MacDonald, a loan officer with Elite Mortgage Group, helps buyers and homeowners in Nashua and nearby towns with purchase loans, refinancing and pre-approvals, comparing options from 45 lenders. Nashua's 2025 total property tax rate is $16.83 per $1,000 of assessed value (NH DRA). See every Hillsborough County town's rate.
Nashua sits on the Massachusetts line, bounded on the east by the Merrimack River, with the Nashua River running through it. The Everett Turnpike, which carries US Route 3, crosses the city, and the Broad Street Parkway links its Exit 6 to downtown. Boston Express buses leave the Exit 8 terminal for South Station and Logan Airport. Landmarks include Main Street, the Riverwalk, Mine Falls Park, Holman Stadium and Pheasant Lane Mall.
About half of Nashua's housing units are single-family homes. Most of the rest are in multi-unit buildings, from 2 to 4 unit properties to larger complexes such as the Clock Tower Place apartments in the old Nashua Manufacturing Company millyard. Older housing clusters around downtown, including Federal, Italianate and Victorian homes in the Nashville Historic District on French Hill. Financing here could be conventional, multi-unit, investment or renovation based, depending on the property.
FHA-approved condos: HUD lists 10 approved condo complexes in Nashua (October 2026). See the list.
Main Street and the Riverwalk are the heart of Nashua, with Mine Falls Park and Holman Stadium close by and Pheasant Lane Mall on the state line. French Hill has beautiful Victorian homes. Boston Express buses leave from Exit 8.
Tom also works across Hillsborough County and nearby towns, including Hudson, Merrimack, Litchfield and Hollis.
Neighborhoods and areas
- Downtown and Main Street
- French Hill
- Tree Streets
- Nashua Millyard
- South Nashua
Is there a loan officer in Nashua, 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 Nashua 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.
Moving from Massachusetts to Nashua?
Nashua sits on the Massachusetts line. The Everett Turnpike becomes US Route 3 at the border, and Boston Express buses leave from Exit 8. New Hampshire doesn't tax wages, but property taxes are a big part of the monthly payment, so Tom builds Nashua's tax rate into every estimate. See moving from Massachusetts and the MA vs NH taxes calculator.
Can I buy a Nashua rental property with a DSCR loan?
Often, yes. A DSCR loan qualifies an investment property mainly on its expected rent compared with its payment, instead of your personal income, which can help self-employed buyers and investors who own several rentals. It's for investment properties only, not a home you'll live in. Terms vary by lender, and Tom can compare DSCR programs from several of them. See investment property loans: conventional vs DSCR.
Can I live in one unit of a Nashua 2 to 4 unit home and rent out the others?
Yes. FHA, conventional and VA loans can all finance a 2 to 4 unit home when you live in one of the units, and Nashua has many of these buildings. 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.
Nashua resources
Which loan programs fit buyers in Nashua?
- Conventional. Suits the single-family homes that make up about half of the city's housing units.
- FHA for 2 to 4 units (multi-family). Could work for the city's many 2 to 4 unit buildings when the owner lives in one unit.
- Investment property loans (DSCR). May fit rental properties among Nashua's large stock of multi-unit buildings.
- Renovation loans. Could help with the older homes around downtown, one of the region's main concentrations of pre-1960 housing.
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 Nashua
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Buying or refinancing in Nashua?
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
Close to Nashua
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- Hampton
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- Chester
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- Kingston
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- Seabrook
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- Greenland
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- Nottingham
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- Danville
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Compare towns, with tax rates and loan limits
Own a business in Nashua? The free NH Business Hub is open to every local business.
Common questions about buying in Nashua
Don't see yours? Call or text Tom or browse more answers.
Who is a local mortgage loan officer for Nashua, 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 Nashua 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 Nashua, NH?
Nashua's 2025 total tax rate is $16.83 per $1,000 of assessed value, set by the NH Department of Revenue Administration. On a home assessed at $100,000, that comes to $1,683 a year. The payment calculator fills in Nashua's rate for you.
What are mortgage rates like in Nashua, NH?
Mortgage rates follow national markets, so they don't change much from Nashua 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 Nashua's 2025 rate, each $100,000 of assessed value adds about $140 a month to your payment. The NH mortgage rates guide explains what sets your rate.
What are the 2026 loan limits in Nashua?
Nashua 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 Nashua?
Programs that often fit in Nashua include Conventional, FHA for 2 to 4 units (multi-family), Investment property loans (DSCR) and Renovation loans. The loan programs section above explains why each may suit Nashua's homes, and Tom can compare them for your situation.
How much is the transfer tax when you buy in Nashua?
New Hampshire's real estate transfer tax is the same in Nashua 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 Nashua?
Start with a short conversation with Tom about your plans for Nashua. 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 Nashua commuters use?
The Everett Turnpike (US 3) is Nashua's main highway, and the Broad Street Parkway links its Exit 6 to downtown. Routes 101A, 111 and 130 run into the city, Route 111 crossing to Hudson on the Taylor Falls and Veterans Memorial bridges. Boston Express buses run from the Nashua Transit Center off Exit 8 to South Station and Logan Airport.
What loan types fit Nashua homes?
About half of Nashua's housing units are single-family homes, and most of the rest are in multi-unit buildings, from 2 to 4 unit properties to larger complexes. Conventional, FHA, VA and NH Housing loans could fit many purchases; an owner-occupied 2 to 4 unit building can be financed with FHA or conventional loans; and investment and renovation loans fit some of the older buildings near downtown. HUD's list showed 10 FHA-approved condo complexes in Nashua as of October 28, 2026.
Can I use a USDA loan in Nashua?
No. When Tom checked USDA's eligibility map on October 30, 2026, Nashua was outside USDA's eligible rural area. FHA, conventional, VA and NH Housing loans are the usual options instead.
Can I buy a 2 to 4 unit building in Nashua and live in one unit?
Yes, often. FHA and conventional loans can finance an owner-occupied 2 to 4 unit building, and the rent from the other units may help you qualify, depending on the program. With so much of Nashua's housing in multi-unit buildings, it's worth asking Tom early. The multi-family guide explains how it works.
How does buying a home in New Hampshire work, start to finish?
- Get pre-approved, so you know your price range with Nashua'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 Nashua?
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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