Mesa's housing market is characterized by a mix of older and newer homes, with a range of architectural styles and price points. The city's strong economy, driven by industries like healthcare, technology, and manufacturing, has contributed to a steady increase in housing demand. As a result, home prices in Mesa have risen steadily over the past few years, with the median home price now standing at around $430,000.

The city's diverse neighborhoods offer something for everyone, from the vibrant downtown area to family-friendly communities like Red Mountain and Las Sendas. When evaluating mortgage options in Mesa, it's essential to consider the local market conditions, including the median home price, interest rates, and property taxes.

At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Mesa borrowers. Our programs include options for first-time buyers, self-employed individuals, and those with less-than-perfect credit. We also offer specialized programs for veterans, including VA loans, which provide favorable terms and competitive interest rates.

• FHA Loans: Insured by the Federal Housing Administration, these loans offer more lenient credit score requirements and lower down payment options.
• VA Loans: Available to eligible veterans, these loans provide 0% down payment options and competitive interest rates.
• Conventional Loans: Our conventional loan programs offer a range of options, including low-down-payment programs and jumbo loans for larger purchases.

Down payment assistance programs can be a valuable resource for Mesa borrowers, helping to reduce the upfront costs of purchasing a home. NMHL offers several down payment assistance programs, including the NMHL Advantage program, which provides up to 3.5% down payment assistance for qualified borrowers. We also work with a range of other down payment assistance programs, including the Arizona Home Plus program, which provides up to 4% of the loan amount in down payment assistance.

To qualify for these programs, borrowers typically need to meet certain income and credit score requirements. Our team can help you determine the best down payment assistance options for your situation and guide you through the application process.

Getting pre-approved for a mortgage is an essential step in the homebuying process, as it provides a clear understanding of your borrowing power and helps you move quickly when you find the right home. At NMHL, our pre-approval process is fast and straightforward, with a range of online tools and resources to help you get started.

To get pre-approved, simply contact our team or apply online through our website. We'll review your creditworthiness, income, and other factors to determine your borrowing power and provide a pre-approval letter. This letter is typically valid for 30-60 days, giving you time to find the perfect home in Mesa.