The St. Petersburg housing market is characterized by steady appreciation and a diverse range of property types. From waterfront condos to historic single-family homes, the city's inventory caters to various tastes and budgets. Neighborhoods like Downtown St. Pete and Old Northeast are particularly popular among young professionals and families, while areas like Shore Acres and Snell Isle attract those seeking waterfront living.

The median home price of $390,000 reflects St. Petersburg's growing desirability. However, prices can vary significantly depending on factors like neighborhood, property type, and amenities. For example, luxury waterfront properties in areas like Coffee Pot Bayou can command much higher prices, potentially requiring jumbo financing.

At NMHL, we understand that every borrower is unique, and we're committed to finding the right mortgage solution for each client. Our mortgage programs cater to a range of needs, including:

• First-Time Homebuyer Program: Designed for borrowers new to homeownership, this program offers credit counseling, down payment assistance, and competitive mortgage rates.
• Bad Credit Mortgage Program: For borrowers with less-than-perfect credit, this program provides alternative credit scoring and more lenient credit requirements.
• VA Loan Program: Eligible veterans and service members can access zero-down financing and competitive rates through our VA Loan Program.

Our experienced mortgage professionals will work with you to determine the best program for your situation and guide you through the application process.

One of the biggest hurdles to homeownership is often the down payment. Fortunately, St. Petersburg borrowers have access to several down payment assistance programs through NMHL and other local organizations. These programs can help cover some or all of the upfront costs, making it easier to achieve homeownership.

Some of the down payment assistance options available in St. Petersburg include:

• Florida Housing Finance Corporation (FHFC) Down Payment Assistance: Provides eligible borrowers with up to $10,000 in down payment and closing cost assistance.
• NMHL Down Payment Assistance Program: Offers grants and matching funds to help borrowers cover down payment and closing costs.

Our mortgage professionals can help you explore these options and determine which programs you're eligible for.

Ready to start your homebuying journey in St. Petersburg? The first step is getting pre-approved for a mortgage. NMHL makes it easy to get pre-approved online or by speaking with one of our experienced mortgage professionals. We'll review your financial situation, discuss your options, and provide a pre-approval decision in no time.

Once you're pre-approved, you can begin your home search with confidence, knowing exactly how much you can afford. Our team will be with you every step of the way, from pre-approval to closing and beyond.