The average property tax rate in Middletown is approximately 1.85% of the assessed value. This rate is relatively competitive compared to other municipalities in Connecticut. For a home valued at $340,000, the annual property tax bill would be around $6,300. It's essential to factor property taxes into your overall housing costs when considering a mortgage in Middletown.

Middletown is served by the Middletown Public Schools district, which is known for its strong academic programs and extracurricular activities. The quality of the school district can positively impact home values, as families are often drawn to areas with reputable schools. Homes located within the boundaries of highly-rated schools may command a premium price, making it essential to consider school district boundaries when evaluating mortgage options.

Middletown borrowers can access various down payment assistance programs, including the Connecticut Housing Finance Authority (CHFA) Downpayment Assistance Program, which provides up to 3% of the home's purchase price. Additionally, NMHL offers its own down payment assistance programs, such as the NMHL Advantage program, which can help reduce upfront costs. These programs can be used in conjunction with other mortgage products, like FHA and VA loans.

While bad credit can present challenges, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our team will review your credit profile and provide personalized guidance on available loan programs. With NMHL's Bad Credit Mortgage program, you may be eligible for a mortgage with a credit score as low as 580. We also offer credit counseling services to help you improve your credit standing.

NMHL offers a range of mortgage options for self-employed borrowers, including our Self-Employed Mortgage program, which considers alternative forms of income verification. This program is designed to help self-employed individuals and business owners qualify for a mortgage, even if their tax returns don't accurately reflect their income. We also offer guidance on documenting income and navigating the mortgage application process.

Yes, NMHL offers a range of mortgage programs specifically designed for veterans, including VA loans with competitive interest rates and zero down payment requirements. Our Veteran's Mortgage Program also provides additional benefits, such as reduced closing costs and streamlined processing. We work closely with the VA to ensure that our veteran borrowers receive the benefits they're entitled to.