About 251,000 New Hampshire homes still have a mortgage, 61% of owned homes. The typical owned home is worth $458,800. A term policy sized to your loan keeps the house paid if you pass away.
- Homes owned
- 73%
- Owned homes with a mortgage
- 61%
- Typical home value
- $458,800
- Median household income
- $99,782
Census ACS 2024 one year estimates.
How it works
Mortgage protection is life insurance sized to your home loan. The money goes to your family, not the bank, and they choose how to use it. It is not PMI, which protects the lender.
A regular level term policy can do the same job, often for less. Match the term to the years left on your loan. Mortgage protection vs term life.
New Hampshire rules
- Free look: set by policy
- Grace period: set by policy
- Guaranty protection: $300,000
Mortgage protection calculator
Common questions
Is mortgage protection insurance required in New Hampshire?
No. Lenders can require homeowners insurance and sometimes PMI, but not mortgage protection life insurance. It is your choice.
How much mortgage protection do I need in New Hampshire?
Start with your loan balance. The typical owned home in New Hampshire is worth $458,800. Use our calculator to add a cushion.
What if my insurer fails in New Hampshire?
The New Hampshire Life & Health Insurance Guaranty Association protects up to $300,000 in death benefits per person.