NMHL Mortgage Lending
Mortgage Lender in Riverside, CA
Local expertise and competitive rates for Riverside homebuyers.
Riverside Housing Market Overview
Explore mortgage options in Riverside, CA with NMHL. Our local expertise helps you navigate the Riverside 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 Riverside
Explore mortgage options tailored to Riverside 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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Riverside Neighborhoods and Housing Market Trends
Riverside's housing market is diverse, with neighborhoods ranging from historic districts like Downtown Riverside and the University Neighborhood to newer developments in the Eastside and Northside. The city's median home price is around $443,000, with prices varying depending on the neighborhood and property type. Recent trends show a steady appreciation in home values, making Riverside an attractive location for both homebuyers and investors.
Some of the most popular neighborhoods in Riverside include:
- The Historic Downtown area, known for its vibrant cultural scene and walkability
- The University Neighborhood, which is close to UC Riverside and offers a mix of older and newer homes
- The Canyon Crest area, a picturesque neighborhood with a strong sense of community
NMHL's local expertise can help you navigate Riverside's diverse neighborhoods and find the best mortgage options for your needs.
Mortgage Options for Riverside Borrowers
At NMHL, we offer a range of mortgage options tailored to the needs of Riverside borrowers. Our loan programs include:
- FHA loans with down payments as low as 3.5%
- VA loans for veterans and active military personnel
- USDA loans for borrowers purchasing homes in rural areas
- Conventional loans with competitive rates and terms
- Jumbo loans for higher-priced homes or investment properties
Our mortgage specialists will work with you to determine which loan program is best for your situation and help you navigate the application process.
Get pre-approved for a mortgage with NMHL today and take the first step towards homeownership in Riverside.
First-Time Homebuyer Programs in California
California offers several programs to help first-time homebuyers achieve their goals. The California Homebuyer's Downpayment Assistance Program (CHDAP), for example, provides up to 3% to 4% of the home's purchase price towards down payment and closing costs. NMHL can help you explore these options and determine which ones you're eligible for.
In addition to state-level programs, Riverside County also offers its own down payment assistance programs. Our mortgage specialists are knowledgeable about these programs and can guide you through the application process.
Don't miss out on the opportunity to become a homeowner in Riverside. Contact NMHL today to learn more about first-time homebuyer programs and get pre-approved for a mortgage.
NMHL's Commitment to Serving Underserved Borrowers
At NMHL, we're dedicated to serving borrowers who may not fit the traditional mortgage mold. Our specialty programs are designed to help borrowers with:
- Bad credit: We offer alternative credit scoring models and subprime loan options.
- Self-employment: We consider non-traditional income documentation and have programs for self-employed borrowers.
- Veterans: We offer VA loans with competitive rates and terms.
Our mortgage specialists will work with you to determine the best course of action for your situation and help you achieve your homeownership goals.
If you're a borrower with unique financial circumstances, NMHL is here to help. Contact us today to discuss your mortgage options and get pre-approved.
Frequently Asked Questions
Mortgage rates in Riverside vary based on the loan program and your borrower profile. At NMHL, we're currently offering competitive rates starting from 6.5% for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss how different rates might impact your monthly payments.
While traditional mortgage lenders may have strict credit score requirements, NMHL offers more flexible options. We consider borrowers with credit scores as low as 580 for FHA loans and have specialty programs for those with non-traditional credit histories. Our mortgage specialists will work with you to determine the best course of action for your situation.
Riverside County's average effective property tax rate is approximately 0.73%, which is relatively low compared to other parts of California. However, actual property taxes can vary depending on the location within Riverside and the specific characteristics of your property. For example, properties in certain neighborhoods or with specific exemptions may have different tax rates.
Yes, California offers several down payment assistance programs that can be used in Riverside. The California Mortgage Credit Certificate (MCC) program, for instance, provides a federal tax credit of up to 20% of your annual mortgage interest, which can be used towards your down payment. NMHL can help you explore these options and determine which ones you're eligible for.
Riverside is served by several school districts, including the Riverside Unified School District, which is known for its highly rated schools. Homes located within the boundaries of top-performing school districts tend to have higher values and appreciate more over time. When considering a home purchase in Riverside, it's worth researching the local school district and its impact on property values.
Yes, NMHL offers an online pre-approval process that's quick and easy. Simply visit our website, fill out the pre-approval application, and one of our mortgage specialists will review your information and provide a pre-approval decision. This can give you a competitive edge in the Riverside housing market.
Related Resources
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Let NMHL help you navigate the Riverside housing market with expert guidance and competitive rates.