NMHL Mortgage Lending
Mortgage Lender in Cicero, IL
Local expertise and competitive rates for Cicero homebuyers.
Cicero Housing Market Overview
Explore mortgage options in Cicero, IL with NMHL. Our local expertise helps you navigate the Cicero 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 Cicero
Explore mortgage options tailored to Cicero 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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Cicero Neighborhoods and Housing Market
Cicero is a diverse town with a range of neighborhoods, from historic districts like the Hawthorne District to newer developments like the Cicero Commons. The local housing market is driven by a mix of single-family homes, townhouses, and condominiums, with a median home price of around $220,000.
Some of the most popular neighborhoods in Cicero include:
- The Hawthorne District, known for its historic homes and vibrant community events
- Cicero Commons, a newer development with modern amenities and convenient access to major highways
- The Morton Grove area, which offers a mix of single-family homes and townhouses
NMHL can help you navigate Cicero's diverse neighborhoods and find the right mortgage for your dream home.
First-Time Homebuyer Programs in Cicero and Illinois
NMHL offers a range of mortgage programs designed to help first-time homebuyers in Cicero achieve their goals. Our FHA loan programs, for example, allow credit scores as low as 580 with a 3.5% down payment. We also offer down payment assistance programs, such as the IHDA's 1st Time Homebuyer Program, which provides up to $7,500 in assistance.
In addition to our mortgage programs, Cicero and Illinois offer a range of resources for first-time homebuyers, including homebuyer education courses and counseling services.
Contact NMHL today to learn more about our first-time homebuyer programs and to get pre-approved for a mortgage.
Property Taxes in Cicero: What You Need to Know
Cicero's property tax rate is around 8.33%, which is higher than the national average. However, the town offers a variety of tax exemptions, such as the Senior Exemption and the Disabled Persons' Exemption, which can help reduce your tax burden.
At NMHL, we can help you understand how property taxes will impact your mortgage payments and provide guidance on how to minimize your tax liability.
Don't let property taxes catch you off guard. Contact NMHL today to learn more about how we can help you navigate Cicero's property tax system.
NMHL Mortgage Programs for Underserved Borrowers
At NMHL, we understand that not all borrowers fit the traditional mortgage mold. That's why we offer a range of mortgage programs designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans.
Our mortgage programs include:
- FHA loans with credit scores as low as 580
- VA loans with zero down payment options for eligible veterans
- Alternative credit scoring models to help self-employed individuals qualify for a mortgage
Contact NMHL today to learn more about our mortgage programs for underserved borrowers and to get pre-approved for a mortgage.
Frequently Asked Questions
Mortgage rates in Cicero vary depending on the type of loan, your credit score, and other factors. At NMHL, we offer competitive rates starting from 6.5% APR for conventional loans. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers mortgage options for borrowers with less-than-perfect credit. Our FHA loan programs, for example, allow credit scores as low as 580 with a 3.5% down payment. We also offer alternative credit scoring models to help self-employed individuals and those with non-traditional credit histories qualify for a mortgage.
Cicero's property tax rate is around 8.33%, which is higher than the national average. However, the town offers a variety of tax exemptions, such as the Senior Exemption and the Disabled Persons' Exemption, which can help reduce your tax burden. NMHL can help you understand how property taxes will impact your mortgage payments.
Yes, NMHL offers various down payment assistance programs that can help Cicero homebuyers cover their down payment and closing costs. The Illinois Housing Development Authority (IHDA) also offers down payment assistance programs, such as the 1st Time Homebuyer Program, which provides up to $7,500 in assistance.
Cicero is served by several school districts, including Cicero School District 99 and Morton High School District 201. Homes located in highly-rated school districts tend to have higher property values and appreciate faster over time. NMHL can help you understand how the local school districts may impact your home's value and mortgage options.
NMHL offers VA loans with competitive rates and zero down payment options for eligible veterans. We also offer a range of other mortgage programs, including FHA and conventional loans, to help veterans and their families achieve homeownership in Cicero.
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