NMHL Mortgage Lending
Mortgage Lender in Peoria, AZ
Local expertise and competitive rates for Peoria homebuyers.
Peoria Housing Market Overview
Explore mortgage options in Peoria, AZ with NMHL. Our local expertise helps you navigate the Peoria real estate market with competitive rates and personalized service.
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Peoria
Explore mortgage options tailored to Peoria homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
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Understanding Peoria's Housing Market
The Peoria housing market is characterized by steady growth, driven by the city's strong economy and desirable lifestyle. As a major employment hub, Peoria attracts professionals and families seeking affordable housing options. The median home price is around $420,000, with a range of housing types available, from apartments to single-family homes.
Some of the most popular neighborhoods in Peoria include:
- Vistancia: Known for its modern amenities and community events
- Lake Pleasant: Offers scenic views and outdoor recreational opportunities
- Downtown Peoria: Features a mix of historic and new homes, with easy access to local shops and restaurants
NMHL's local expertise can help you navigate the Peoria housing market and find the right mortgage solution for your needs.
Mortgage Options for Peoria Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Peoria borrowers. Our options include:
- FHA Loans: Ideal for first-time homebuyers or those with lower credit scores
- VA Loans: Available to eligible veterans, active-duty military, and surviving spouses
- Down Payment Assistance Programs: Help you cover upfront costs and achieve homeownership sooner
Our mortgage specialists will work with you to determine the best mortgage solution based on your financial situation, credit profile, and homeownership goals.
Get pre-approved with NMHL today and take the first step toward achieving your homeownership dreams in Peoria.
Property Taxes and Insurance in Peoria
As a homeowner in Peoria, you'll need to consider property taxes and insurance as part of your overall homeownership costs. The average effective property tax rate in Peoria is approximately 0.77%, which is slightly lower than the national average. Additionally, you'll need to factor in homeowners insurance, which can vary depending on factors like location, home value, and insurance provider.
NMHL can help you understand how property taxes and insurance may impact your mortgage payments and overall homeownership costs.
Our mortgage specialists can provide personalized guidance on property taxes and insurance in Peoria.
First-Time Homebuyer Programs in Arizona
Arizona offers several programs designed to support first-time homebuyers, including the Arizona Home Plus program. This program provides down payment assistance, competitive interest rates, and other benefits to help you achieve homeownership. NMHL is an approved lender for these programs and can help you navigate the application process.
Additionally, our First-Time Homebuyer Program offers specialized guidance and mortgage options tailored to your needs. Our mortgage specialists will work with you to determine the best mortgage solution based on your financial situation, credit profile, and homeownership goals.
Don't miss out on the opportunity to achieve homeownership with NMHL's First-Time Homebuyer Program.
Frequently Asked Questions
Peoria is known for its diverse neighborhoods, including Vistancia, Lake Pleasant, and the Downtown area. These neighborhoods offer a range of housing options, from modern apartments to family-friendly single-story homes. NMHL can help you explore mortgage options tailored to your chosen neighborhood.
In Peoria, property taxes are calculated based on the assessed value of your home. The average effective property tax rate in Peoria is approximately 0.77%, which is slightly lower than the national average. NMHL can help you understand how property taxes may impact your mortgage payments and overall homeownership costs.
Arizona offers several first-time homebuyer programs, including the Arizona Home Plus program, which provides down payment assistance and competitive interest rates. NMHL is an approved lender for these programs and can help you navigate the application process. Additionally, our First-Time Homebuyer Program offers specialized guidance and mortgage options tailored to your needs.
While a good credit score can help you qualify for better mortgage rates, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our Bad Credit Mortgage program is designed to help you achieve homeownership despite past credit challenges. We consider a range of factors beyond credit score, including income, employment history, and debt-to-income ratio.
NMHL's pre-approval process provides a clear understanding of your mortgage eligibility and purchasing power. By getting pre-approved, you'll gain a competitive edge in the Peoria real estate market and be able to make more informed decisions about your home purchase. Our pre-approval process is fast, flexible, and tailored to your unique financial situation.
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Ready to Buy in Peoria?
Let NMHL help you navigate the Peoria housing market with expert guidance and competitive rates.