NMHL Mortgage Lending
Mortgage Lender in Long Beach, CA
Local expertise and competitive rates for Long Beach homebuyers.
Long Beach, California, is a vibrant coastal city with a diverse housing market. As of the latest estimates, the median home price in Long Beach stands at approximately $789,000, reflecting a steady increase in property values over the past few years. At National Mortgage Home Loans (NMHL), we understand the unique challenges and opportunities that come with buying or refinancing a home in Long Beach. Our team is dedicated to providing personalized mortgage solutions tailored to the needs of Long Beach residents, including first-time homebuyers, self-employed individuals, and those with less-than-perfect credit.
NMHL is committed to helping Long Beach borrowers achieve their homeownership goals through a range of mortgage products, including FHA, VA, and conventional loans. Our local expertise and competitive rates make us the go-to lender for Long Beach homebuyers. Whether you're looking to purchase a home in the bustling Downtown Long Beach area or seeking a more laid-back lifestyle in neighborhoods like Alamitos Beach or Los Altos, we're here to guide you every step of the way.
With NMHL, you can benefit from our streamlined pre-approval process and access to a wide range of down payment assistance programs. Our mortgage specialists are well-versed in the intricacies of the Long Beach housing market and can help you navigate the complexities of securing a mortgage in this competitive environment.
Long Beach Housing Market Overview
Explore mortgage options in Long Beach, CA with NMHL. Our local expertise helps you navigate the Long Beach 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 Long Beach
Explore mortgage options tailored to Long Beach 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 Long Beach Neighborhoods
Long Beach is a diverse city with a range of neighborhoods to suit different lifestyles and preferences. From the vibrant arts scene in Downtown Long Beach to the family-friendly atmosphere of neighborhoods like Los Altos and Alamitos Beach, there's something for everyone. At NMHL, we're familiar with the unique characteristics of each neighborhood and can help you find a home that meets your needs.
- Downtown Long Beach: A hub of activity with a mix of condos, townhomes, and single-family homes.
- Alamitos Beach: A coastal neighborhood with a relaxed atmosphere and beautiful ocean views.
- Los Altos: A family-friendly neighborhood with highly rated schools and a strong sense of community.
Contact NMHL to learn more about the different neighborhoods in Long Beach and find the best fit for your lifestyle.
Mortgage Options for Underserved Borrowers
At NMHL, we're committed to serving borrowers who may not fit the traditional mortgage mold. We offer a range of mortgage products designed to help underserved borrowers achieve their homeownership goals.
- Self-Employed Borrowers: We offer alternative income documentation options and flexible underwriting guidelines to accommodate self-employed borrowers.
- Veterans: We offer VA loans with competitive rates and $0 down payment requirements for eligible veterans.
- Bad Credit: We consider a range of factors beyond credit score and offer mortgage options for borrowers with less-than-perfect credit.
Don't let credit challenges or non-traditional income hold you back from achieving your homeownership goals. Contact NMHL to learn more about our mortgage options for underserved borrowers.
Down Payment Assistance Programs in Long Beach
NMHL offers a range of down payment assistance programs to help Long Beach borrowers overcome the upfront costs of purchasing a home. These programs include grants, loans, and matching funds to help with down payment and closing costs.
- California Down Payment Assistance Program (DPA): Offers up to 3% of the purchase price in down payment assistance.
- NMHL's Down Payment Assistance Program: Offers up to 4% of the purchase price in down payment assistance.
Don't let down payment costs hold you back from buying a home in Long Beach. Contact NMHL to learn more about our down payment assistance programs.
The NMHL Advantage
At NMHL, we're dedicated to providing personalized mortgage solutions and exceptional customer service to Long Beach borrowers. Our team of experienced mortgage specialists is committed to helping you achieve your homeownership goals.
- Competitive Rates: We offer competitive rates and terms to help you save money on your mortgage.
- Streamlined Pre-Approval: Our streamlined pre-approval process makes it easy to get pre-approved for a mortgage.
- Local Expertise: Our team is familiar with the Long Beach housing market and can provide valuable insights and guidance throughout the homebuying process.
Contact NMHL today to learn more about our mortgage options and to get pre-approved for a loan.
Frequently Asked Questions
Mortgage rates in Long Beach vary depending on the type of loan, your 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.
The down payment required for a home loan in Long Beach depends on the type of loan and your financial situation. NMHL offers a range of down payment assistance programs, including FHA loans with as little as 3.5% down and VA loans with $0 down for eligible veterans. Our mortgage specialists can help you determine the best option for your needs.
Property taxes in Long Beach are relatively high, with an average effective tax rate of 1.14%. This means that on a $789,000 home, you can expect to pay around $9,000 per year in property taxes. However, California's Proposition 13 limits annual increases in property taxes, providing some stability for homeowners.
School districts play a significant role in determining home values in Long Beach. The Long Beach Unified School District (LBUSD) is highly rated, with several schools receiving top marks from the California Department of Education. Homes located within the boundaries of highly rated schools tend to command higher prices and appreciate in value over time.
NMHL offers a range of mortgage options for first-time homebuyers in Long Beach, including FHA loans, VA loans, and conventional loans with low down payment requirements. We also offer down payment assistance programs and grants to help with the upfront costs of purchasing a home. Our mortgage specialists can help you navigate the process and find the best option for your needs.
While having bad credit can make it more challenging to secure a mortgage, NMHL offers mortgage options for borrowers with less-than-perfect credit. We consider a range of factors beyond credit score, including income, employment history, and debt-to-income ratio. Our mortgage specialists can help you determine the best course of action and explore alternative loan options.
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Ready to Buy in Long Beach?
Let NMHL help you navigate the Long Beach housing market with expert guidance and competitive rates.