The Shelton housing market is characterized by a mix of older and newer homes, with a median home price of around $430,000. The area has seen steady demand, driven by its proximity to major employment centers and New York City. As a result, home prices have appreciated over the years, making it an attractive location for both homebuyers and investors.

Some of the most sought-after neighborhoods in Shelton include Huntington, Perry Hill, and the downtown area. These neighborhoods offer a range of housing types, from colonial-style homes to more modern constructions. When evaluating neighborhoods, it's essential to consider factors like school districts, local amenities, and commute times.

At NMHL, we offer a range of mortgage options tailored to the needs of Shelton borrowers. This includes FHA loans, VA loans, conventional loans, and jumbo loans. Our mortgage experts work closely with you to understand your financial situation and goals, providing personalized recommendations to help you achieve homeownership.

• FHA Loans: Ideal for first-time homebuyers or those with lower credit scores, requiring as little as 3.5% down.
• VA Loans: Available to eligible veterans, offering favorable terms like zero down payment and lower interest rates.
• Conventional Loans: Suitable for borrowers with stronger credit profiles, offering competitive rates and terms.

Connecticut offers several programs to support first-time homebuyers, including the CHFA's First-Time Homebuyer Program. This program provides financing options with favorable terms, such as lower interest rates and lower down payment requirements. NMHL can help you explore these programs and determine the best fit for your situation.

In addition to state-level programs, there may be local initiatives and non-profit organizations offering assistance with down payments and closing costs. Our mortgage experts stay up-to-date on these programs, ensuring you receive the most comprehensive guidance available.

Down payment assistance programs can be a valuable resource for Shelton homebuyers, helping to reduce the upfront costs associated with purchasing a home. The CHFA's Downpayment Assistance Program (DAP) is one such option, providing up to $10,000 in assistance. NMHL can help you navigate the application process and identify the most suitable programs for your needs.

In addition to state-level programs, some employers and non-profit organizations offer down payment assistance to their employees or members. Our mortgage experts can help you explore these options and create a personalized plan to achieve homeownership.