Denver's housing market is influenced by its strong economy, with major industries in tech, healthcare, and energy. The median home price is $560,000, with variations depending on neighborhood and property type. Areas like RiNo and LoDo are seeing new developments, while established neighborhoods like Highlands and Cherry Creek remain popular. NMHL's local market expertise can help you navigate these trends and find the right mortgage solution.

Key neighborhoods to consider include:

• RiNo: Known for its arts scene and new developments
• Capitol Hill: A mix of historic homes and modern condos
• Park Hill: Family-friendly with a range of housing types
• Highlands: Upscale living with easy access to downtown
• Cherry Creek: Luxury homes and high-end shopping

NMHL offers a range of mortgage products designed to meet the diverse needs of Denver homebuyers. Our options include conventional loans, FHA loans, VA loans, and specialized programs for self-employed individuals and those with less-than-perfect credit. We also participate in the Colorado Housing Finance Authority (CHFA) loan program, providing benefits like lower down payments and competitive rates.

Some key mortgage options to consider:

• Conventional loans: Ideal for borrowers with strong credit
• FHA loans: Suitable for first-time homebuyers or those with lower credit scores
• VA loans: Exclusive benefits for veterans and active military
• CHFA loans: Down payment assistance and competitive rates for Colorado residents

Down payment assistance programs can be a game-changer for Denver homebuyers. NMHL partners with various organizations to offer assistance with down payments and closing costs. These programs can help reduce the upfront costs of purchasing a home, making homeownership more accessible.

Some available programs include:

• Colorado Down Payment Assistance Program: Offers up to $15,000 in assistance
• Denver Metro Down Payment Assistance Program: Provides financial assistance for down payments and closing costs
• Local government programs: Some Denver neighborhoods offer additional assistance

NMHL can help you explore these options and determine which programs you're eligible for.

School districts play a significant role in determining home values in Denver. Highly-rated school districts like Denver Public Schools and Cherry Creek Schools can increase property values and attract families. NMHL understands the importance of school districts in the homebuying decision-making process.

Some top-rated school districts in Denver include:

• Cherry Creek Schools: Known for high academic achievement and strong community engagement
• Denver Public Schools: Offers a range of programs and initiatives to support student success
• Douglas County School District: Highly rated for its academic performance and extracurricular opportunities

When considering a home purchase in Denver, it's essential to factor in the local school district and its impact on property values.