Mortgages in Somersworth, NH
Tom helps buyers and homeowners in Somersworth, from the Hill and downtown along the Salmon Falls River to the neighborhoods off Route 108.
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 Somersworth?
Looking for a mortgage in Somersworth, NH? Tom MacDonald, a loan officer with Elite Mortgage Group, helps buyers and homeowners in Somersworth and nearby towns with purchase loans, refinancing and pre-approvals, comparing options from 45 lenders. Somersworth's 2025 total property tax rate is $19.27 per $1,000 of assessed value (NH DRA). See every Strafford County town's rate.
Somersworth is a small city between Dover and Rochester, across the Salmon Falls River from Berwick, Maine. Route 108 and Route 9 (High Street) run through the city, and Route 236 heads toward Maine. The city was once called Great Falls, after the falls that powered its mills, and the Hill is one of its historic districts. Prospect Hill is its highest point, and Willand Pond sits near the Dover line.
Somersworth has more variety in its housing than most towns nearby. Census estimates put about 45% of its roughly 5,600 housing units in single-family homes, about 27% in buildings with 2 to 4 units and about 21% in larger buildings, and close to half were built before 1960. Conventional, FHA, VA and NH Housing loans could fit many of these homes, and an owner-occupied 2 to 4 unit building can be financed with FHA or conventional loans.
FHA-approved condos: HUD lists 2 approved condo complexes in Somersworth (October 2026). See the list.
Somersworth's downtown sits along the Salmon Falls River, right across from Maine, and the Hill historic district has some of the older homes in town. Willand Pond and Route 108 put Dover and Rochester close by.
Tom also works across Strafford County and nearby towns, including Dover and Rochester.
Neighborhoods and areas
- Downtown along the Salmon Falls River
- The Hill historic district
- Prospect Hill
- Willand Pond
- Route 108
Which loan programs fit buyers in Somersworth?
- FHA for 2 to 4 units (multi-family). Could fit an owner-occupied building in a city where about 27% of homes are in 2 to 4 unit buildings.
- Conventional. Suits the city's single-family homes and condos.
- Renovation loans. Could help with updates in a city where close to half the homes were built before 1960.
- Investment property loans (DSCR). Could fit a rental purchase among the city's many multi-unit buildings.
- NH Housing. May fit a primary home purchase for eligible buyers.
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 Somersworth
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Buying or refinancing in Somersworth?
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 Somersworth
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- Litchfield
- Hudson
- Merrimack
- Amherst
- Hollis
- Pelham
- Weare
- Londonderry
- Nashua
- Manchester
- Salem
- Derry
- Windham
- Bedford
- Concord
- Milford
- Hooksett
- Goffstown
- Exeter
- Plaistow
- Hampstead
- Portsmouth
- Hampton
- Stratham
- Durham
- Bow
- Pembroke
- Auburn
- Chester
- Raymond
- Atkinson
- Kingston
- Brookline
- New Boston
- Newmarket
- Epping
- Seabrook
- Rye
- North Hampton
- Greenland
- 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 Somersworth? The free NH Business Hub is open to every local business.
Common questions about buying in Somersworth
Don't see yours? Call or text Tom or browse more answers.
Who is a local mortgage loan officer for Somersworth, 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 Somersworth 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 Somersworth, NH?
Somersworth's 2025 total tax rate is $19.27 per $1,000 of assessed value, set by the NH Department of Revenue Administration. On a home assessed at $100,000, that comes to $1,927 a year. The payment calculator fills in Somersworth's rate for you.
What are mortgage rates like in Somersworth, NH?
Mortgage rates follow national markets, so they don't change much from Somersworth 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 Somersworth's 2025 rate, each $100,000 of assessed value adds about $161 a month to your payment. The NH mortgage rates guide explains what sets your rate.
What are the 2026 loan limits in Somersworth?
Somersworth is in Strafford 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 Somersworth?
Programs that often fit in Somersworth include FHA for 2 to 4 units (multi-family), Conventional, Renovation loans, Investment property loans (DSCR) and NH Housing. The loan programs section above explains why each may suit Somersworth's homes, and Tom can compare them for your situation.
How much is the transfer tax when you buy in Somersworth?
New Hampshire's real estate transfer tax is the same in Somersworth 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 Somersworth?
Start with a short conversation with Tom about your plans for Somersworth. 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.
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