Tempe offers a range of desirable neighborhoods, including Downtown Tempe, Mill Avenue District, and the areas surrounding Arizona State University. Other popular areas include Guadalupe, a historic neighborhood with charming homes, and the newer developments in the southern part of the city. Each neighborhood has its unique character and advantages, and NMHL can help you find the best mortgage options for your chosen location.

Property taxes in Tempe are calculated based on the assessed value of your home. The average effective property tax rate in Tempe is approximately 0.72%, which is slightly lower than the national average. The Maricopa County Assessor's Office determines property values, and taxes are collected by the Maricopa County Treasurer's Office. NMHL can help you understand how property taxes will impact your monthly mortgage payments and overall cost of homeownership.

Arizona offers several programs to assist first-time homebuyers, including the Arizona Housing Finance Authority's (AzHFA) down payment assistance programs. These programs can provide up to 4% of the home's purchase price in down payment assistance, helping to reduce the upfront costs of buying a home. NMHL can guide you through the eligibility requirements and application process for these programs.

While having bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our FHA loan options, for example, allow for credit scores as low as 580, and we have other programs that can accommodate credit scores as low as 500 in certain cases. We'll work with you to identify the best mortgage solution based on your individual credit profile.

Getting pre-approved for a mortgage with NMHL is a straightforward process. Simply contact us to schedule a consultation, and we'll review your financial information to determine the loan amount you're eligible for. Our pre-approval process typically involves a soft credit check, income verification, and a review of your debt-to-income ratio. We'll provide you with a pre-approval letter that you can use to make an offer on a home in Tempe.

Self-employed borrowers in Tempe can benefit from NMHL's specialized loan programs designed for non-traditional income earners. Our bank statement loan programs, for example, allow us to use business bank statements to verify income, rather than tax returns. This can be particularly helpful for self-employed individuals with complex income situations or those who have recently experienced a significant increase in income.