NMHL Mortgage Lending
Mortgage Lender in Longmont, CO
Local expertise and competitive rates for Longmont homebuyers.
Longmont, Colorado, is a thriving city with a strong housing market, driven by its desirable location at the intersection of Boulder and Weld counties. As of the latest data, the median home price in Longmont stands at approximately $430,000, reflecting a steady appreciation in property values over the years. At National Mortgage Home Loans (NMHL), we understand the unique needs of Longmont borrowers, including first-time homebuyers, self-employed individuals, and those with less-than-perfect credit. Our expertise in navigating the local mortgage landscape enables us to provide personalized service and competitive rates, making us the go-to lender in Longmont.
The Longmont housing market is characterized by a mix of older and newer homes, with many families drawn to the area's highly rated school districts, such as Longmont High School and Silver Creek High School. The city's proximity to Denver and the Rocky Mountains also makes it an attractive option for commuters and outdoor enthusiasts alike. As a result, mortgage lenders in Longmont must be knowledgeable about the local market conditions, including property tax rates and available down payment assistance programs.
At NMHL, we offer a range of mortgage options, including FHA, VA, USDA, Conventional, and Jumbo loans, designed to meet the diverse needs of Longmont borrowers. Our team is committed to providing exceptional service, from pre-approval to closing, and is well-versed in the local market nuances that can impact the mortgage process.
Longmont Housing Market Overview
Explore mortgage options in Longmont, CO with NMHL. Our local expertise helps you navigate the Longmont 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 Longmont
Explore mortgage options tailored to Longmont 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 Longmont Neighborhoods
Longmont is a diverse city with a range of neighborhoods to suit different lifestyles and preferences. From the historic charm of downtown Longmont to the family-friendly atmosphere of the Gunbarrel neighborhood, there's something for everyone. Some popular neighborhoods in Longmont include:
- The Highlands: A newer development with a mix of single-family homes and townhomes.
- Meadowbrook: A family-friendly neighborhood with a community park and playground.
- Downtown Longmont: A vibrant area with a mix of historic homes, shops, and restaurants.
At NMHL, we're familiar with the unique characteristics of each neighborhood and can help you navigate the local market to find the perfect home.
Contact NMHL to schedule a consultation and get expert guidance on navigating Longmont's neighborhoods.
First-Time Homebuyer Programs in Colorado
Colorado offers a range of programs to support first-time homebuyers, including the Colorado Housing and Finance Authority (CHFA) First-Time Homebuyer Program. This program provides financing options with competitive interest rates and down payment assistance. Additionally, NMHL offers its own first-time homebuyer programs, such as the NMHL Starter Program, which provides up to 3.5% of the home's purchase price in down payment assistance.
To qualify for these programs, borrowers must meet certain income and credit score requirements. For example, the CHFA program requires a minimum credit score of 620, while the NMHL Starter Program requires a minimum credit score of 640.
Don't miss out on the opportunity to become a homeowner in Longmont. Explore our first-time homebuyer programs today.
Mortgage Options for Underserved Borrowers
At NMHL, we're committed to serving borrowers who may not fit the traditional mortgage mold. Our team is experienced in working with self-employed individuals, those with bad credit, and veterans. We offer a range of mortgage options, including non-QM loans, VA loans, and FHA loans, designed to meet the unique needs of these borrowers.
For example, our VA loan program offers competitive interest rates and zero-down financing options for eligible veterans. We also offer credit counseling services to help borrowers improve their credit score and increase their chances of approval.
If you're a self-employed individual, have bad credit, or are a veteran, don't hesitate to contact NMHL to explore your mortgage options.
Understanding Property Taxes in Longmont
Property taxes are an essential consideration for homeowners in Longmont. The average effective property tax rate in Longmont is approximately 0.57%, which is slightly lower than the statewide average. However, property taxes can vary depending on the location and value of the property.
To help you plan for property taxes, NMHL provides a property tax calculator on our website. This tool allows you to estimate your property tax liability based on the purchase price of your home and other factors.
Use NMHL's property tax calculator to get a better understanding of your property tax liability in Longmont.
Frequently Asked Questions
The average effective property tax rate in Longmont is approximately 0.57%, which is slightly lower than the statewide average. Homeowners in Longmont can expect to pay around $2,500 per year in property taxes on a $430,000 home. It's essential to factor property taxes into your mortgage planning to ensure you're prepared for the total cost of homeownership.
School districts play a significant role in determining home values in Longmont. Highly rated school districts like Longmont High School and Silver Creek High School can increase property values, as families are willing to pay a premium to live in areas with top-rated schools. This can result in higher home prices, but also potentially greater long-term appreciation in property value.
First-time homebuyers in Longmont can take advantage of various down payment assistance programs, including the Colorado Housing and Finance Authority (CHFA) Down Payment Assistance Program, which offers up to 4% of the home's purchase price in assistance. Additionally, NMHL offers its own down payment assistance programs, such as the NMHL Advantage program, which provides up to 3.5% of the home's purchase price in assistance.
While having bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our bad credit mortgage experts can help you explore options, such as FHA loans, which allow credit scores as low as 580. We also offer credit counseling services to help you improve your credit score and increase your chances of approval.
Working with a local mortgage lender like NMHL provides several benefits, including in-depth knowledge of the local market, personalized service, and a more streamlined mortgage process. Our team is familiar with the unique characteristics of Longmont's neighborhoods, such as the historic downtown area and the newer developments in the outskirts, allowing us to provide more tailored guidance and support throughout the mortgage process.
Getting pre-approved for a mortgage in Longmont is a straightforward process with NMHL. Simply contact us to schedule a consultation, and we'll review your financial situation, credit report, and other factors to determine your pre-approval amount. Our NMHL pre-approval process is fast and efficient, giving you the confidence to shop for your dream home in Longmont.
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