NMHL Mortgage Lending
Mortgage Lender in Auburn, AL
Local expertise and competitive rates for Auburn homebuyers.
Auburn Housing Market Overview
Explore mortgage options in Auburn, AL with NMHL. Our local expertise helps you navigate the Auburn 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 Auburn
Explore mortgage options tailored to Auburn 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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Auburn's Thriving Housing Market
The Auburn housing market is characterized by steady growth, driven by the city's expanding economy and its reputation as a great place to live. The median home price is around $280,000, with a range of housing options available, from starter homes to luxury residences. Neighborhoods like the historic district and Lovelace offer a mix of older and newer homes, while areas like Auburn Hills feature more modern developments.
As you explore mortgage options in Auburn, it's essential to consider the local market trends and how they might impact your home buying decision. At NMHL, our local experts are well-versed in Auburn's housing market and can provide valuable insights to help you make an informed decision.
Get pre-approved for your Auburn home loan today and take the first step towards homeownership!
Popular Neighborhoods in Auburn
Auburn is home to a diverse range of neighborhoods, each with its unique charm. Some of the most popular areas include:
- The historic district, with its charming older homes and tree-lined streets
- Lovelace, a mix of older and newer homes with a strong sense of community
- Auburn Hills, featuring modern developments and convenient access to amenities
- The Donald E. Davis Parkway area, with its scenic views and family-friendly atmosphere
When choosing a neighborhood, consider factors like school districts, commute times, and local amenities. Our local mortgage experts can help you navigate the different neighborhoods and find the best fit for your needs.
Contact NMHL to discuss your mortgage options and get expert advice on Auburn's neighborhoods.
Mortgage Programs for Auburn Homebuyers
At NMHL, we offer a range of mortgage programs tailored to the needs of Auburn homebuyers. Our options include:
- FHA loans with down payments as low as 3.5%
- VA loans for eligible veterans
- Conventional loans with competitive rates and terms
- Jumbo loans for higher-priced homes
- Specialty loans for self-employed individuals and those with non-traditional income
We also work with the Alabama Housing Finance Authority (AHFA) to offer additional assistance, including down payment assistance and credit counseling. Our 'Pathway to Homeownership' program is designed to help first-time buyers achieve their dreams of homeownership.
Explore our mortgage programs and find the best fit for your Auburn home buying needs.
Down Payment Assistance in Auburn
Down payment assistance is available to eligible Auburn homebuyers through various programs. The Alabama Housing Finance Authority (AHFA) offers down payment assistance grants, which can be used in conjunction with NMHL's mortgage programs. Our 'Pathway to Homeownership' program also provides down payment assistance and credit counseling to help first-time buyers get into their new home.
To qualify, borrowers must meet specific income and credit score requirements. At NMHL, we can help you explore your options and determine the best course of action for your situation.
Contact NMHL to learn more about down payment assistance programs in Auburn and get pre-approved for your home loan.
Frequently Asked Questions
Mortgage rates in Auburn vary depending on the type of loan, your credit profile, and other factors. As of the latest data, conventional mortgage rates range from 6.5% to 7.5% APR. At NMHL, we offer competitive rates and can provide you with a personalized rate quote. Contact us to discuss your options and get pre-approved for your Auburn home loan.
NMHL offers several mortgage options for first-time homebuyers in Auburn, including FHA loans with down payments as low as 3.5% and VA loans for eligible veterans. Our 'Pathway to Homeownership' program provides additional assistance, including down payment assistance and credit counseling. We also work with the Alabama Housing Finance Authority (AHFA) to offer competitive rates and terms for first-time buyers.
Auburn property taxes are assessed by the Lee County Revenue Commissioner. The average effective property tax rate in Auburn is 0.42%, which is lower than the national average. Homeowners can expect to pay around $1,176 per year in property taxes on a $280,000 home. It's essential to factor property taxes into your overall cost of homeownership when budgeting for your Auburn home.
Auburn has several desirable neighborhoods, each with its unique character. Popular areas include the historic district, Lovelace, Auburn Hills, and the Donald E. Davis Parkway area. These neighborhoods offer a range of housing styles, from charming older homes to modern new constructions. When choosing a neighborhood, consider factors like school districts, commute times, and local amenities.
While having bad credit can make it more challenging to secure a mortgage, it's not impossible. At NMHL, we offer mortgage options for borrowers with less-than-perfect credit. Our 'Credit Rebuild' program helps borrowers improve their credit scores, and we work with various lenders to find the best fit for your situation. We consider factors beyond just credit score, such as income, employment history, and debt-to-income ratio, to determine your mortgage eligibility.
Auburn's school districts play a significant role in determining home values. The Auburn City Schools district is highly rated, with several schools receiving top marks from the Alabama Department of Education. Home prices vary across the district, but on average, homes in the top-rated school zones tend to command a premium. For example, homes in the vicinity of Auburn High School or Dean Road Elementary tend to have higher property values due to their association with highly rated schools.
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Ready to Buy in Auburn?
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