Castle Rock's housing market is characterized by a mix of new constructions and established neighborhoods. The median home price stands at $560,000, with prices varying depending on factors like location, property type, and amenities. Our local market expertise at NMHL allows us to provide insights into the best neighborhoods and areas to invest in.

• The Meadows: A family-friendly neighborhood with parks and recreational facilities.
• Castle Rock Townhomes: Conveniently located near downtown, offering a mix of older and newer properties.
• The Villages at Castle Pines: A master-planned community with amenities and access to outdoor activities.

When exploring mortgage options in Castle Rock, it's crucial to consider the local market conditions and how they might impact your homebuying decision.

At NMHL, we're committed to serving borrowers who may face unique challenges in securing a mortgage. Our specialized programs cater to the needs of self-employed individuals, veterans, and those with bad credit. We understand that these borrowers require more than just a standard mortgage product.

Our loan officers work closely with you to understand your financial situation and identify the most suitable mortgage options. For example, our VA loan program offers competitive rates and favorable terms for eligible veterans. Similarly, our non-QM loan products can help self-employed borrowers qualify for a mortgage based on their business income.

As a homeowner in Castle Rock, you'll need to consider property taxes and insurance when calculating your monthly mortgage costs. The average effective property tax rate in Castle Rock is 0.52%, which is relatively low compared to other areas in Colorado.

In addition to property taxes, you'll need to factor in homeowners insurance, which can vary depending on factors like the value of your home, location, and other risk factors. Our mortgage experts at NMHL can help you understand these costs and ensure you're prepared for the responsibilities of homeownership.

Colorado offers various programs and incentives to help first-time homebuyers achieve their goals. The Colorado Housing and Finance Authority (CHFA) provides down payment assistance and competitive interest rates for eligible borrowers.

At NMHL, we're experienced in handling CHFA loans and other first-time homebuyer programs. Our loan officers will work with you to determine the best options for your situation and guide you through the application process.