NMHL Mortgage Lending
Mortgage Lender in Texarkana, AR
Local expertise and competitive rates for Texarkana homebuyers.
Texarkana, Arkansas is experiencing a steady growth in its housing market, with a median home price of $165,000. As a trusted mortgage lender in the region, National Mortgage Home Loans (NMHL) is committed to providing Texarkana residents with personalized mortgage solutions. Our team understands the local market conditions and is well-versed in the various mortgage programs available to borrowers in Texarkana.
Whether you're a first-time homebuyer or a seasoned homeowner, NMHL offers a range of mortgage options, including FHA, VA, conventional, and jumbo loans. Our loan officers work closely with borrowers to determine the best mortgage program for their individual needs and financial situation.
At NMHL, we're dedicated to helping Texarkana borrowers achieve their homeownership goals. With our expertise in handling complex mortgage situations, including bad credit and self-employed borrowers, we're the go-to lender for those who may not qualify for traditional mortgage products.
Texarkana Housing Market Overview
Texarkana is a growing community in Arkansas offering diverse mortgage options for homebuyers. Contact NMHL for personalized Texarkana 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 Texarkana
Explore mortgage options tailored to Texarkana 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 Texarkana Housing Market
The Texarkana housing market is characterized by a mix of older and newer homes, with a median home price of $165,000. The local economy is driven by a diverse range of industries, including healthcare, education, and manufacturing. NMHL's local loan officers can provide insights into the current market trends and help you make an informed decision about your mortgage.
- The median home price in Texarkana has remained relatively stable over the past few years.
- The local housing market is experiencing a moderate level of inventory, with a mix of single-family homes, condos, and townhomes available.
Contact NMHL today to get pre-approved for a mortgage and take advantage of the current market conditions.
First-Time Homebuyer Programs in Arkansas
NMHL offers various mortgage programs designed to help first-time homebuyers in Texarkana achieve their homeownership goals. The Arkansas Development Finance Authority (ADFA) offers down payment assistance programs, including the ADFA Down Payment Assistance Program, which provides up to $7,500 in assistance.
To qualify for these programs, borrowers must meet specific income and credit score requirements. NMHL's loan officers can help you determine the best mortgage options available based on your financial situation and goals.
Don't miss out on the opportunity to become a homeowner. Contact NMHL today to learn more about our first-time homebuyer programs.
NMHL Mortgage Programs for Texarkana Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Texarkana borrowers. Our mortgage options include FHA, VA, conventional, and jumbo loans, with down payment options as low as 3.5%. We also offer specialty mortgage programs for self-employed borrowers and those with bad credit.
- Our loan officers will work with you to determine the best mortgage program for your individual needs and financial situation.
- We offer competitive interest rates and flexible repayment terms to help you achieve your homeownership goals.
Get pre-approved for a mortgage today with NMHL and take the first step towards homeownership.
Property Taxes and Insurance in Texarkana
As a homeowner in Texarkana, you'll need to consider property taxes and insurance when calculating your overall mortgage costs. Property taxes in Texarkana average approximately 0.62% of the assessed value. NMHL's mortgage experts can help you factor these costs into your mortgage payments.
Insurance premiums will vary depending on the location, value, and type of property. NMHL can provide guidance on insurance options and help you understand how they impact your mortgage costs.
Contact NMHL today to learn more about how property taxes and insurance impact your mortgage costs.
Frequently Asked Questions
Texarkana has several desirable neighborhoods, including the historic downtown area, Wake Village, and the newly developed areas around the Texarkana Regional Airport. Each neighborhood has its unique character and advantages. NMHL's local loan officers can provide insights into the best neighborhoods for your needs and budget.
Property taxes in Texarkana average approximately 0.62% of the assessed value. This means that on a $165,000 home, the annual property tax would be around $1,023. NMHL's mortgage experts can help you factor property taxes into your overall mortgage costs.
As a local lender, NMHL has in-depth knowledge of the Texarkana housing market and can provide personalized service tailored to your needs. Our local loan officers are familiar with the local economy, neighborhoods, and market trends, allowing us to offer more effective mortgage solutions.
Yes, there are several down payment assistance programs available to Texarkana borrowers. NMHL offers various mortgage programs with down payment options as low as 3.5% for FHA loans. We also have access to other down payment assistance programs, such as the Arkansas Development Finance Authority (ADFA) down payment assistance program.
While bad credit can make it more challenging to qualify for a mortgage, NMHL has mortgage programs designed to help borrowers with less-than-perfect credit. Our loan officers will work with you to determine the best mortgage options available based on your credit score and financial situation.
In Texarkana, the quality of local school districts can significantly impact home values. The Texarkana Arkansas School District and the Texarkana Texas Independent School District serve the area, with some of the top-rated schools being Texas High School and Arkansas High School. Homes located within highly-rated school districts tend to retain their value better and appreciate more over time.
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Ready to Buy in Texarkana?
Let NMHL help you navigate the Texarkana housing market with expert guidance and competitive rates.