South Bend is a city with a rich history and diverse neighborhoods. From the vibrant cultural scene in Downtown South Bend to the family-friendly atmosphere of West Washington, there's a neighborhood to suit every lifestyle. Other popular areas include East Side, known for its eclectic mix of shops and restaurants, and Leeper Park, a charming neighborhood with a strong sense of community.

• Downtown South Bend: This area is experiencing significant revitalization, with new developments and amenities making it an attractive option for young professionals and families.
• West Washington: Known for its historic homes and tree-lined streets, West Washington is a popular choice for families and those looking for a more traditional neighborhood feel.
• East Side: This neighborhood is a hub for local businesses and community events, with a mix of older homes and new developments.

Indiana offers several programs to help first-time homebuyers achieve their goals. The Indiana Housing and Community Development Authority (IHCDA) offers down payment assistance, mortgage credit certificates, and other resources to make homeownership more accessible. NMHL is an approved lender for many of these programs and can help you explore your options.

Some of the benefits of these programs include:

• Down payment assistance of up to $7,500
• Mortgage credit certificates to reduce your tax liability
• Competitive interest rates and lower mortgage insurance premiums

At NMHL, we're committed to helping all borrowers achieve their homeownership goals, regardless of their credit history or financial situation. We offer a range of mortgage options, including subprime loans and alternative credit scoring models, to help borrowers who may not qualify for traditional loans.

Some of the mortgage options available to underserved borrowers include:

• FHA Loans: With down payments as low as 3.5%, FHA loans are a great option for borrowers with lower credit scores.
• VA Loans: Eligible veterans and service members can take advantage of VA loans, which offer competitive rates and zero down payment requirements.
• USDA Loans: For borrowers looking to purchase a home in rural areas, USDA loans offer zero down payment requirements and competitive rates.

Property taxes are an essential consideration when buying a home in South Bend. The average effective property tax rate in St. Joseph County is around 0.83%, which is relatively low compared to other parts of the country. However, property taxes can still be a significant expense, and it's essential to factor them into your mortgage planning.

NMHL can help you understand how property taxes work in South Bend and how they may impact your mortgage payments.