NMHL Mortgage Lending
Mortgage Lender in Phoenix, AZ
Local expertise and competitive rates for Phoenix homebuyers.
Phoenix Housing Market Overview
Explore mortgage options in Phoenix, AZ with NMHL. Our local expertise helps you navigate the Phoenix 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 Phoenix
Explore mortgage options tailored to Phoenix 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 the Phoenix Housing Market
The Phoenix housing market is characterized by steady growth and increasing demand. As a major metropolitan area, Phoenix attracts new residents and investors alike. The median home price is around $430,000, with prices varying depending on the neighborhood and property type. NMHL's local experts can provide valuable insights into the current market trends and help you make informed decisions.
Some of the most popular neighborhoods in Phoenix include:
- Downtown Phoenix: Urban living with easy access to entertainment and culture
- Arcadia: Suburban atmosphere with excellent schools and parks
- North Central Phoenix: Upscale neighborhoods with convenient access to shopping and dining
Stay ahead of the competition with NMHL's pre-approval process, which can be completed in as little as 24 hours.
Mortgage Options for Phoenix Borrowers
At NMHL, we offer a diverse range of mortgage products tailored to the needs of Phoenix borrowers. From conventional loans to FHA, VA, and jumbo financing, we have the expertise and flexibility to help you achieve your homeownership goals. Our mortgage options include:
- FHA Loans: 3.5% down payment required
- VA Loans: Zero-down financing for eligible veterans
- Jumbo Loans: Competitive rates for high-end properties
Contact us to discuss your mortgage options and get pre-approved today.
NMHL's mortgage experts are committed to helping you find the best loan program for your needs. Get in touch with us today to start the pre-approval process.
Down Payment Assistance Programs in Phoenix
Down payment assistance is available in Phoenix through various programs, including the Arizona Housing Finance Authority (AzHFA) and NMHL's Down Payment Assistance program. These programs can help with up to 4% of the home's purchase price, making it easier to achieve your homeownership goals. To qualify, borrowers must meet certain income limits and complete a homebuyer education course.
NMHL's Down Payment Assistance program is designed to help borrowers overcome the hurdle of saving for a down payment. Contact us to learn more and to discuss your eligibility.
Don't let down payment requirements hold you back. Explore NMHL's Down Payment Assistance program today.
First-Time Homebuyer Programs in Arizona
Arizona offers several first-time homebuyer programs, including the Arizona Housing Finance Authority (AzHFA) and the City of Phoenix's Homebuyer Program. These programs provide down payment assistance, competitive interest rates, and education to help first-time buyers achieve their homeownership goals. NMHL participates in these programs and can help you navigate the application process.
To qualify, borrowers must meet certain income limits and complete a homebuyer education course. Contact NMHL to learn more and to discuss your eligibility.
Take advantage of NMHL's First-Time Homebuyer Program, which provides education and guidance to help you achieve your homeownership goals.
Frequently Asked Questions
Mortgage rates in Phoenix vary depending on the loan program, credit score, and other factors. At NMHL, we offer competitive rates starting from 6.5% APR for conventional loans. Contact us for a personalized rate quote and to discuss your mortgage options.
Down payment requirements in Phoenix vary depending on the loan program. For example, FHA loans require as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans. NMHL's Down Payment Assistance program can help with up to 4% of the home's purchase price. Contact us to explore your options.
Phoenix has many desirable neighborhoods, including Downtown Phoenix, Arcadia, and North Central Phoenix. Each area has its unique character and advantages. For example, Downtown Phoenix offers urban living with easy access to entertainment and culture, while Arcadia provides a more suburban atmosphere with excellent schools. NMHL's local experts can help you navigate these neighborhoods and find the best fit for your needs.
Property taxes in Phoenix are calculated based on the assessed value of the property. The average effective property tax rate in Maricopa County, where Phoenix is located, is approximately 0.73%. This means that on a $400,000 home, the annual property tax bill would be around $2,920. NMHL can help you factor property taxes into your mortgage planning.
Phoenix is served by several highly rated school districts, including Paradise Valley Unified School District, Scottsdale Unified School District, and Deer Valley Unified School District. These districts are known for their strong academic programs and extracurricular activities. Homes in these districts tend to retain their value and attract potential buyers. NMHL's local experts can provide insights on how school districts impact home values in Phoenix.
Yes, there are several first-time homebuyer programs available in Phoenix. The Arizona Housing Finance Authority (AzHFA) offers down payment assistance and competitive interest rates for first-time buyers. NMHL also participates in the AzHFA program and can help you navigate the application process. Additionally, our First-Time Homebuyer Program provides education and guidance to help you achieve your homeownership goals.
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Let NMHL help you navigate the Phoenix housing market with expert guidance and competitive rates.