NMHL Mortgage Lending
Mortgage Lender in Conway, AR
Local expertise and competitive rates for Conway homebuyers.
Conway Housing Market Overview
Conway is a growing community in Arkansas offering diverse mortgage options for homebuyers. Contact NMHL for personalized Conway mortgage rates and programs.
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 Conway
Explore mortgage options tailored to Conway 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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Conway's Thriving Housing Market
The Conway housing market is characterized by steady growth and a mix of new constructions and existing homes. The city's proximity to Little Rock and its strong economy make it an attractive destination for homebuyers. According to recent data, the median home price in Conway is around $220,000, with prices varying depending on factors like neighborhood, property type, and amenities.
Some of the most sought-after neighborhoods in Conway include Downtown Conway, with its vibrant cultural scene, and Lake Conway, which offers beautiful waterfront properties. Our loan officers are familiar with these neighborhoods and can provide valuable insights to help you make an informed decision.
Contact NMHL to explore mortgage options in Conway's thriving neighborhoods.
Mortgage Programs for Conway Borrowers
At NMHL, we offer a range of mortgage programs tailored to the needs of Conway borrowers. These include:
- FHA loans with down payments as low as 3.5%
- VA loans for veterans and active-duty military personnel
- Conventional loans with competitive interest rates
- Jumbo loans for higher-priced homes
- Specialty mortgage products for self-employed individuals and those with non-traditional income
Our experienced loan officers will work with you to identify the best mortgage solution for your financial situation and goals.
Get pre-approved with NMHL today and discover your mortgage options in Conway.
Down Payment Assistance in Conway
Down payment assistance programs can be a valuable resource for Conway homebuyers. The Arkansas Development Finance Authority (ADFA) offers a Down Payment Assistance Program that provides up to 3.5% of the home's purchase price in assistance. NMHL also offers our own Down Payment Assistance Program, which can help eligible borrowers cover down payment and closing costs.
To qualify for these programs, borrowers typically need to meet certain income limits and complete a homebuyer education course. Our loan officers can guide you through the application process and help you determine which programs you're eligible for.
Explore down payment assistance options with NMHL and make homeownership more achievable.
Property Taxes and Insurance in Conway
In addition to your mortgage payments, you'll need to consider property taxes and insurance when buying a home in Conway. Property taxes in Conway average around 0.62% of the assessed value, which is relatively low compared to other parts of the country.
Homeowners insurance is also essential to protect your investment. NMHL can help you factor these costs into your mortgage payments and explore options for reducing your tax burden.
NMHL can help you navigate property taxes and insurance in Conway.
Frequently Asked Questions
Conway has several desirable neighborhoods, including Downtown Conway, Lake Conway, and Oak Street District. Each area offers a unique character and amenities. Our loan officers can provide insights on how different neighborhoods may impact your mortgage options and home value.
Property taxes in Conway average around 0.62% of the assessed value. This means that on a $220,000 home, you can expect to pay around $1,364 per year in property taxes. NMHL can help you factor these costs into your mortgage payments and explore options for reducing your tax burden.
First-time homebuyers in Conway can take advantage of programs like the Arkansas Development Finance Authority (ADFA) Down Payment Assistance Program, which offers up to 3.5% of the home's purchase price in assistance. NMHL also offers specialized mortgage products for first-time buyers, including FHA loans with low down payment requirements.
While bad credit can make it more challenging to secure a mortgage, NMHL has programs designed to help borrowers with less-than-perfect credit. We consider alternative credit scoring models and offer subprime mortgage options. Our loan officers will work with you to identify the best mortgage solution for your situation.
Conway is served by the Conway Public Schools district, which is highly rated and can positively impact home values. Homes located within top-performing school zones tend to retain their value and attract potential buyers. NMHL can provide guidance on how school districts may influence your mortgage options and long-term investment.
Conway borrowers can access various down payment assistance programs, including the ADFA Down Payment Assistance Program and the NMHL Down Payment Assistance Program. These programs can help cover up to 3.5% of the home's purchase price, making it easier to achieve homeownership. Our loan officers can help you determine which programs you're eligible for and guide you through the application process.
Related Resources
Ready to Buy in Conway?
Let NMHL help you navigate the Conway housing market with expert guidance and competitive rates.