Finance
A NH buyer who pays cash for a property will still typically need:
AA mortgage commitment letter
BTitle insurance, a home inspection, and an attorney to clear title and conduct closing✓ Correct
CAn FHA appraisal
DA certificate of occupancy from the lender
Explanation
Even cash buyers benefit from and typically obtain title insurance (to protect ownership), a home inspection (to assess condition), and attorney involvement at closing — since NH is an attorney closing state.
Related New Hampshire Finance Questions
- A NH buyer's PITI payment includes all of the following EXCEPT:
- The Truth in Lending Act (TILA) requires lenders to disclose the:
- A New Hampshire buyer using a FHA loan must pay:
- Prepayment penalties on New Hampshire mortgages:
- A 'lock-in' or rate lock on a New Hampshire mortgage means:
- New Hampshire does not have a general state sales tax or state income tax. How does this affect real estate transactions?
- New Hampshire's real estate transfer tax (RETT) is generally paid by:
- Points paid to a lender at closing to reduce the mortgage interest rate are called:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →