NMHL Mortgage Lending
Mortgage Lender in Hartford, CT
Local expertise and competitive rates for Hartford homebuyers.
Hartford Housing Market Overview
Explore mortgage options in Hartford, CT with NMHL. Our local expertise helps you navigate the Hartford 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 Hartford
Explore mortgage options tailored to Hartford 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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Understanding Hartford's Housing Market
Hartford's housing market is characterized by a mix of older homes and new developments. The median home price is around $240,000, with prices varying by neighborhood. Downtown Hartford and the West End are popular areas, with many homes renovated or rebuilt in recent years.
The city's proximity to major employers, including the state's government and healthcare institutions, drives demand for housing. NMHL's local expertise helps borrowers navigate this market and find the right mortgage for their needs.
NMHL's knowledge of Hartford's neighborhoods and market trends can help you make informed decisions about your mortgage.
First-Time Homebuyer Programs in Connecticut
First-time homebuyers in Connecticut can take advantage of several programs designed to make homeownership more accessible. The CHFA down payment assistance program provides up to $10,000 in assistance, while the USDA Rural Development loan program offers favorable terms for borrowers purchasing homes in rural areas.
- CHFA down payment assistance: up to $10,000
- USDA Rural Development loan: 0% down payment
NMHL can help you explore these options and determine which program is best for your situation.
Contact NMHL to discuss your eligibility for first-time homebuyer programs in Connecticut.
Mortgage Options for Underserved Borrowers
NMHL specializes in serving borrowers who may not fit traditional mortgage molds. Our loan programs cater to self-employed individuals, those with bad credit, and veterans. We offer a range of options, including FHA, VA, and conventional loans, to help you achieve your homeownership goals.
For example, our FHA loan program allows for credit scores as low as 580 with a 3.5% down payment. Our VA loan experts can help eligible veterans secure competitive rates and favorable terms.
NMHL is committed to helping underserved borrowers in Hartford achieve their homeownership dreams.
Property Taxes and Home Values in Hartford
Property taxes in Hartford are an essential consideration for homeowners. The city's effective property tax rate is 2.18%, which is relatively high compared to other areas. The assessed value of your property will determine your tax liability.
The quality of local school districts can also impact home values. Hartford is served by the Hartford Public Schools district, as well as several magnet schools and charter schools. NMHL can help you factor these considerations into your mortgage planning.
Understanding property taxes and school districts can help you make informed decisions about your mortgage and long-term costs.
Frequently Asked Questions
Hartford's neighborhoods, such as Downtown Hartford, Asylum Hill, and West End, offer a mix of historic charm and modern amenities. Downtown Hartford is seeing significant development, with new condos and townhouses available. Asylum Hill is known for its diverse community and proximity to the Hartford Hospital campus. NMHL can help you find the right mortgage for your chosen neighborhood.
Property taxes in Hartford are administered by the City of Hartford and are based on the assessed value of your property. The average effective property tax rate in Hartford is 2.18%. NMHL can help you factor property taxes into your mortgage planning, ensuring you're prepared for the total cost of homeownership.
Connecticut offers several programs for first-time homebuyers, including the Connecticut Housing Finance Authority (CHFA) down payment assistance program and the USDA Rural Development loan program. NMHL can guide you through these options and help determine which program best suits your needs.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our FHA loan options, for example, allow for credit scores as low as 580 with a 3.5% down payment. Contact NMHL to discuss your credit situation and explore available options.
To qualify for a VA loan, you'll need to meet the Department of Veterans Affairs' service requirements and obtain a Certificate of Eligibility. NMHL's VA loan experts can help you navigate the process and secure competitive rates. VA loans offer favorable terms, including lower interest rates and no down payment requirements for eligible veterans.
NMHL's pre-approval process provides a clear picture of your borrowing power, giving you an edge in Hartford's competitive market. Our pre-approval letter is typically valid for 60 days and can be obtained in as little as 24 hours. This allows you to make informed decisions and move quickly when you find the right home.
Related Resources
Ready to Buy in Hartford?
Let NMHL help you navigate the Hartford housing market with expert guidance and competitive rates.