NMHL Mortgage Lending
Mortgage Lender in Arlington Heights, IL
Local expertise and competitive rates for Arlington Heights homebuyers.
Arlington Heights, Illinois, is a thriving suburb northwest of Chicago, known for its excellent schools, diverse community, and accessible transportation. The local housing market remains competitive, with a current median home price of around $340,000. At National Mortgage Home Loans (NMHL), we understand the unique challenges faced by Arlington Heights homebuyers, from navigating property taxes to securing the right mortgage program. Our local expertise and range of mortgage options, including FHA, VA, and conventional loans, make us the go-to lender for borrowers in Arlington Heights.
Whether you're a first-time homebuyer or looking to refinance, NMHL's knowledgeable loan officers are here to guide you through the process. We offer personalized service and competitive rates, tailored to your financial situation. Our mortgage programs are designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans. With NMHL, you can trust that you're working with a lender who understands the Arlington Heights market and is committed to helping you achieve your homeownership goals.
Arlington Heights Housing Market Overview
Explore mortgage options in Arlington Heights, IL with NMHL. Our local expertise helps you navigate the Arlington Heights 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 Arlington Heights
Explore mortgage options tailored to Arlington Heights 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 Arlington Heights' Housing Market
The Arlington Heights housing market is characterized by a mix of older and newer homes, with a range of architectural styles and price points. The median home price is around $340,000, with homes typically staying on the market for around 30-60 days. NMHL's local expertise can help you navigate this competitive market and find the best mortgage options for your needs.
- The downtown Arlington Heights area offers a mix of condos, townhomes, and single-family homes, with prices ranging from $200,000 to over $1 million.
- The neighborhoods surrounding Arlington Park racetrack feature a range of home styles, from mid-century modern to contemporary builds.
- Families are drawn to Arlington Heights' highly-rated school districts, including Arlington Heights School District 25 and Township High School District 214.
Stay ahead of the competition with NMHL's pre-approval process, which can give you a clear picture of your borrowing power and help you make a confident offer on your dream home.
Mortgage Options for Arlington Heights Homebuyers
At NMHL, we offer a range of mortgage options to suit different financial situations and goals. Our loan programs include FHA, VA, USDA, conventional, and jumbo loans, as well as specialty loans for borrowers with unique needs.
For example, our FHA loan program offers low down payment options (as low as 3.5%) and more lenient credit score requirements. Our VA loan program provides zero-down financing for eligible veterans and service members. We also offer conventional loans with competitive rates and terms.
NMHL's mortgage experts can help you explore your options and find the best loan for your situation. Contact us today to schedule a consultation.
Down Payment Assistance Programs in Arlington Heights
Down payment assistance programs can be a valuable resource for homebuyers in Arlington Heights, helping to reduce the upfront costs of purchasing a home. The Illinois Housing Development Authority (IHDA) offers several down payment assistance programs, including the Access 1st program, which provides up to $7,500 in assistance.
NMHL's loan officers are knowledgeable about these programs and can help you determine which ones you're eligible for. We can also help you explore other options, such as gifts from family members or employer-assisted housing programs.
Don't let down payment costs hold you back from achieving your homeownership goals. Explore your options with NMHL today.
NMHL's Commitment to Arlington Heights Borrowers
At NMHL, we're committed to helping Arlington Heights borrowers achieve their homeownership goals. Our loan officers are locally based and have a deep understanding of the Arlington Heights market. We offer personalized service, competitive rates, and a range of mortgage options to suit different financial situations.
Whether you're a first-time homebuyer or a seasoned homeowner, we're here to guide you through the mortgage process and help you find the best loan for your needs. Contact us today to schedule a consultation and take the first step towards achieving your homeownership dreams.
Trust NMHL to be your partner in the homebuying process. Contact us today to get started.
Frequently Asked Questions
The average effective property tax rate in Arlington Heights is around 1.55% of the home's assessed value. This means that on a $300,000 home, you can expect to pay around $4,650 per year in property taxes. NMHL can help you factor these costs into your mortgage planning and explore options for reducing your tax burden.
Arlington Heights is served by several highly-rated school districts, including Arlington Heights School District 25 and Township High School District 214. Homes located in top-performing districts tend to retain their value and attract more buyers, making them a smart investment for families. NMHL can help you understand how school district boundaries impact home prices and mortgage options in Arlington Heights.
First-time homebuyers in Arlington Heights can take advantage of down payment assistance programs offered by the Illinois Housing Development Authority (IHDA) and other local organizations. NMHL's loan officers are knowledgeable about these programs and can help you determine which ones you're eligible for. For example, the IHDA Access 1st program offers up to $7,500 in down payment assistance for eligible borrowers.
While bad credit can make it more challenging to qualify for a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our loan officers will review your credit report and financial situation to determine the best course of action. We may be able to help you qualify for a mortgage with a credit score as low as 580, depending on other factors such as income and debt-to-income ratio.
Arlington Heights is a diverse community with many desirable neighborhoods, including downtown Arlington Heights, the Buffalo Grove/Arlington Heights border area, and the neighborhoods surrounding the Arlington Park racetrack. Each area has its unique character and advantages, from walkable downtown amenities to family-friendly suburban streets. NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your chosen location.
Getting started with NMHL is easy. Simply contact us online or by phone to schedule a consultation with one of our experienced loan officers. We'll review your financial situation, credit report, and mortgage goals to determine the best loan options for you. With NMHL's pre-approval process, you can get a clear picture of your borrowing power and make a confident offer on your dream home in Arlington Heights.
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Let NMHL help you navigate the Arlington Heights housing market with expert guidance and competitive rates.