Tucson's housing market is influenced by its unique blend of urban and desert landscapes. The city is experiencing steady growth, driven by a strong job market and a relatively affordable cost of living. As a result, median home prices have risen, but still remain lower than many other major US cities. NMHL's local expertise helps you navigate this dynamic market and find the best mortgage options for your needs.

The city's diverse neighborhoods offer a range of housing styles, from historic bungalows to modern developments. Popular areas like Downtown Tucson and the University District are attracting young professionals and families, while established neighborhoods like Sam Hughes offer a sense of community and stability.

At NMHL, we offer a range of mortgage programs tailored to Tucson's diverse community. Our loan options include:

• FHA loans with down payments as low as 3.5%
• VA loans for veterans and active military personnel
• USDA loans for rural areas
• Conventional loans with competitive rates and terms
• Jumbo loans for higher-priced homes

Our experienced loan officers will help you navigate these options and identify the best fit for your financial situation and goals.

Pima County, where Tucson is located, has an average effective property tax rate of 0.73%. This means that on a $340,000 home, you can expect to pay around $2,482 per year in property taxes. In addition to property taxes, you'll also need to consider insurance costs, which can vary depending on factors like location, home value, and insurance provider.

NMHL can help you factor these costs into your mortgage planning and explore options for reducing your tax burden. Our team will work with you to understand your financial situation and provide guidance on managing your mortgage expenses.

Arizona offers several programs to help first-time homebuyers achieve homeownership. The Arizona Home Plus program, for example, provides down payment assistance and competitive interest rates. NMHL is a participating lender in this program and can help you navigate the application process.

In addition to state-level programs, NMHL also offers our own First-Time Homebuyer Program, which includes educational resources, financial assistance, and personalized support. Our team is committed to helping you every step of the way, from pre-approval to closing.

Getting pre-approved for a mortgage is an essential step in the homebuying process. At NMHL, we offer a streamlined pre-approval process that can be completed online or over the phone. Our team will review your financial information, credit report, and other factors to determine your pre-approval amount.

Once you're pre-approved, you'll have a clear understanding of your budget and can begin house hunting with confidence. Contact us today to get started with the pre-approval process and take the first step towards achieving your homeownership goals.