The Lake Havasu City housing market is characterized by a mix of older homes, new constructions, and vacation properties. The median home price is around $340,000, with prices varying depending on factors like location, size, and condition. According to data from the Mohave County Assessor's Office, the average days on market for homes in Lake Havasu City is around 60 days, indicating a relatively stable market. NMHL's mortgage experts can provide insights into the local market trends and help borrowers make informed decisions.

• The city's lakeside location and outdoor recreational opportunities make it a popular destination for retirees and vacationers.
• Newer developments like Lake Havasu Heights and Castle Rock offer modern amenities and convenient access to local attractions.
• The Lake Havasu City market is influenced by the local economy, which is driven by tourism, healthcare, and retail.

NMHL offers a range of mortgage products designed to meet the unique needs of Lake Havasu City borrowers. From FHA and VA loans to Conventional and Jumbo mortgages, our team can help borrowers find the best loan option for their situation. For example, our NMHL Advantage program offers a 3.5% down payment option for qualified borrowers, while our AzHFA Home Plus program provides up to 4% in down payment assistance.

Our mortgage experts will work with you to identify the best loan options and guide you through the pre-approval process. By considering factors beyond just credit score, such as income, debt-to-income ratio, and employment history, NMHL can help borrowers achieve their homeownership goals.

Arizona offers a range of down payment assistance programs for homebuyers, including the Arizona Housing Finance Authority's (AzHFA) Home Plus program. This program provides up to 4% of the home's purchase price in down payment assistance, making it easier for borrowers to achieve their homeownership goals. Additionally, NMHL offers its own down payment assistance programs, such as the NMHL Advantage program, which can provide 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 AzHFA Home Plus program requires a minimum credit score of 640, while the NMHL Advantage program requires a minimum credit score of 620. Borrowers should contact NMHL to discuss their eligibility for these programs.

The Lake Havasu Unified School District serves the Lake Havasu City area, providing high-quality education to local students. Homes located within the district's boundaries tend to hold their value better than those in other areas. In fact, data from the Mohave County Assessor's Office shows that homes within the Lake Havasu Unified School District tend to appreciate in value at a faster rate than those in surrounding areas.

This makes purchasing a home in the area a smart investment for families with school-age children. Additionally, the district's highly rated schools can make the area more attractive to potential buyers, further driving up home values.