Mortgages in Newmarket, NH
Tom helps buyers and homeowners in Newmarket, from the mill buildings along the Lamprey River downtown to the neighborhoods out toward Great Bay.
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 Newmarket?
Looking for a mortgage in Newmarket, NH? Tom MacDonald, a loan officer with Elite Mortgage Group, helps buyers and homeowners in Newmarket and nearby towns with purchase loans, refinancing and pre-approvals, comparing options from 45 lenders. Newmarket's 2025 total property tax rate is $19.42 per $1,000 of assessed value (NH DRA). See every Rockingham County town's rate.
Newmarket sits on the Lamprey River where it meets Great Bay, between Durham and Exeter. Route 108 runs through town, and the densely settled center grew up at the junction of Routes 108 and 152, around the falls that once powered seven textile mills. The Newmarket Manufacturing Company built its first cotton mill in the 1820s and closed in 1929; several of the brick mill buildings downtown now hold condominiums and apartments.
Newmarket has more variety in its housing than most nearby towns. Census estimates put about 42% of its roughly 4,500 housing units in detached single-family homes, about 36% in buildings with five or more units, and most of the rest in townhouses and two- to four-unit buildings, with about a quarter of homes built before 1960. Conventional, FHA, condo and 2 to 4 unit loans could fit many of these homes, depending on the property and the borrower's plans.
FHA-approved condos: HUD lists 1 approved condo complex in Newmarket (October 2026). See the list.
Newmarket's downtown mills on the Lamprey River are full of condos and businesses now, and The Stone Church is a local music landmark. Great Bay is right at the edge of town.
Tom also works across Rockingham County and nearby towns, including Durham, Exeter, Stratham, Greenland and Epping.
Neighborhoods and areas
- Downtown mills on the Lamprey River
- Main Street (Route 108)
- Route 152
- Great Bay shoreline
- Piscassic River
Which loan programs fit buyers in Newmarket?
- Conventional. Suits single-family homes, condos and small multi-unit buildings.
- Condo financing. Could fit units in the converted mill buildings downtown, depending on the association.
- FHA for 2 to 4 units (multi-family). May work for an owner who lives in one unit of a two- to four-unit building.
- FHA. May work for many single-family homes and approved condos.
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 Newmarket
See all 12 loan typesShow fewer
Buying or refinancing in Newmarket?
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
- Buying on the NH Seacoast
- Flood zones and flood insurance on the Seacoast
- NH property taxes and your payment
See all 7 guidesShow fewer
Close to Newmarket
See all 57 townsShow fewer
- Litchfield
- Hudson
- Merrimack
- Amherst
- Hollis
- Pelham
- Weare
- Londonderry
- Nashua
- Manchester
- Salem
- Derry
- Windham
- Bedford
- Concord
- Milford
- Hooksett
- Goffstown
- Dover
- Rochester
- Plaistow
- Hampstead
- Portsmouth
- Hampton
- Bow
- Pembroke
- Auburn
- Chester
- Raymond
- Atkinson
- Kingston
- Brookline
- New Boston
- Seabrook
- Rye
- North Hampton
- 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 Newmarket? The free NH Business Hub is open to every local business.
Common questions about buying in Newmarket
Don't see yours? Call or text Tom or browse more answers.
Who is a local mortgage loan officer for Newmarket, 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 Newmarket 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 Newmarket, NH?
Newmarket's 2025 total tax rate is $19.42 per $1,000 of assessed value, set by the NH Department of Revenue Administration. On a home assessed at $100,000, that comes to $1,942 a year. The payment calculator fills in Newmarket's rate for you.
What are mortgage rates like in Newmarket, NH?
Mortgage rates follow national markets, so they don't change much from Newmarket 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 Newmarket's 2025 rate, each $100,000 of assessed value adds about $162 a month to your payment. The NH mortgage rates guide explains what sets your rate.
What are the 2026 loan limits in Newmarket?
Newmarket 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 Newmarket?
Programs that often fit in Newmarket include Conventional, Condo financing, FHA for 2 to 4 units (multi-family) and FHA. The loan programs section above explains why each may suit Newmarket's homes, and Tom can compare them for your situation.
How much is the transfer tax when you buy in Newmarket?
New Hampshire's real estate transfer tax is the same in Newmarket 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 Newmarket?
Start with a short conversation with Tom about your plans for Newmarket. 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.
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.