NMHL Mortgage Lending
Mortgage Lender in North Little Rock, AR
Local expertise and competitive rates for North Little Rock homebuyers.
North Little Rock, Arkansas, is experiencing a resurgence in its housing market, with a median home price of $175,000. As a borrower looking to tap into this growing community, you'll find a range of mortgage options available. At National Mortgage Home Loans (NMHL), we specialize in serving underserved borrowers, including those with bad credit, self-employed individuals, and first-time homebuyers. Our expertise in local market conditions and mortgage programs can help you navigate the process with confidence.
The North Little Rock housing market is characterized by a mix of older and newer homes, with neighborhoods like Park Hill and Lakewood offering a range of architectural styles and community amenities. As you explore your mortgage options, it's essential to consider factors like property taxes, which average 0.65% of assessed value in North Little Rock. Our loan officers are well-versed in local market conditions and can help you find the best mortgage program for your situation.
At NMHL, we're committed to helping you achieve your homeownership goals. With our range of mortgage programs, including FHA, VA, and conventional loans, we can help you secure the financing you need. Contact us today to get pre-approved and take the first step towards owning your dream home in North Little Rock.
North Little Rock Housing Market Overview
North Little Rock is a growing community in Arkansas offering diverse mortgage options for homebuyers. Contact NMHL for personalized North Little Rock mortgage rates and programs.
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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 North Little Rock
Explore mortgage options tailored to North Little Rock 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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Exploring North Little Rock Neighborhoods
North Little Rock is a city with a rich history and diverse neighborhoods. From the historic homes of Park Hill to the modern apartments of Downtown, there's a neighborhood to suit every lifestyle. Our loan officers are familiar with the local real estate market and can help you find the perfect home in the perfect neighborhood.
- Park Hill: Known for its historic homes and tree-lined streets
- Lakewood: Offers a mix of modern and traditional architecture
- Downtown North Little Rock: Experiencing revitalization with new housing options
Contact NMHL to explore mortgage options in North Little Rock's diverse neighborhoods
Mortgage Programs for North Little Rock Borrowers
At NMHL, we offer a range of mortgage programs designed to serve North Little Rock borrowers. Our loan options include FHA, VA, conventional, and jumbo loans, as well as specialty programs for self-employed individuals and those with bad credit.
Our NMHL Advantage program is designed for borrowers who may not meet traditional credit or income requirements. With this program, we can offer more flexible underwriting and faster approval times.
Get pre-approved with NMHL today and explore your mortgage options in North Little Rock
Down Payment Assistance in North Little Rock
Down payment assistance programs can help North Little Rock homebuyers overcome one of the biggest hurdles to homeownership: saving for a down payment. NMHL offers a range of down payment assistance programs, including grants and matching funds.
Our Down Payment Advantage program provides up to 4% of the loan amount towards down payment and closing costs. This program is available to first-time homebuyers and repeat buyers alike.
Contact NMHL to learn more about down payment assistance programs in North Little Rock
Understanding Property Taxes in North Little Rock
Property taxes are an essential consideration for North Little Rock homebuyers. The city's property tax rate averages 0.65% of assessed value, which is relatively low compared to other cities in Arkansas.
Our loan officers can help you understand how property taxes impact your mortgage payments and explore options for reducing your tax burden.
Get expert guidance on property taxes in North Little Rock with NMHL
Frequently Asked Questions
North Little Rock has a diverse range of neighborhoods, each with its unique character. Popular areas include Park Hill, known for its historic homes and tree-lined streets, and Lakewood, which offers a mix of modern and traditional architecture. Other neighborhoods, like Downtown North Little Rock and the River Market District, are experiencing revitalization and offer a range of housing options.
Property taxes in North Little Rock are assessed at 0.65% of the property's value. This means that on a $175,000 home, you'd pay approximately $1,138 per year in property taxes. Our loan officers can help you factor property taxes into your mortgage payments and explore options for reducing your tax burden.
NMHL offers a range of mortgage programs designed to help first-time homebuyers in North Little Rock. Our FHA loan program requires as little as 3.5% down, while our VA loan program offers zero-down financing for eligible veterans. We also offer down payment assistance programs to help with upfront costs.
Yes, NMHL offers mortgage programs for borrowers with less-than-perfect credit. Our bad credit mortgage options include FHA loans, which allow credit scores as low as 580, and subprime loans for those with more significant credit challenges. Our loan officers will work with you to find the best mortgage solution for your situation.
North Little Rock is served by the North Little Rock School District, which includes several highly-rated schools. Homebuyers often prioritize school districts when choosing a neighborhood, as they can impact property values and resale potential. Our local market experts can provide guidance on how school districts affect home values in North Little Rock.
Mortgage rates in North Little Rock vary depending on the loan program, credit score, and other factors. Currently, our average mortgage rate for a 30-year fixed loan is competitive with national averages. Contact NMHL to get the latest rates and lock in your mortgage rate.
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Ready to Buy in North Little Rock?
Let NMHL help you navigate the North Little Rock housing market with expert guidance and competitive rates.