NMHL Mortgage Lending
Mortgage Lender in Owensboro, KY
Local expertise and competitive rates for Owensboro homebuyers.
Owensboro Housing Market Overview
Explore mortgage options in Owensboro, KY with NMHL. Our local expertise helps you navigate the Owensboro 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 Owensboro
Explore mortgage options tailored to Owensboro 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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Owensboro's Thriving Housing Market
The Owensboro housing market is experiencing steady growth, driven by a strong local economy and increasing demand for housing. The median home price is around $143,000, with a 4.2% annual appreciation rate. This growth is driven by a mix of new construction and resale homes, with popular neighborhoods like Downtown Owensboro and North Owensboro seeing significant activity.
NMHL is well-positioned to serve Owensboro borrowers, with a range of mortgage options and experienced loan officers who understand the local market. We offer competitive rates and personalized service to help you achieve homeownership.
Contact NMHL today to discuss your mortgage options and get pre-approved for your dream home in Owensboro!
Popular Neighborhoods in Owensboro, KY
Owensboro has a range of unique neighborhoods to suit different lifestyles and preferences. Some of the most popular areas include:
- Downtown Owensboro: Historic homes and revitalized commercial areas make this a vibrant and desirable neighborhood.
- North Owensboro: A mix of older homes and new construction, with easy access to local amenities.
- Riverview: Scenic views of the Ohio River and a range of housing options make this a popular choice.
NMHL has experience working with borrowers in these neighborhoods and can provide insights into local market trends and conditions.
Our loan officers are familiar with Owensboro's neighborhoods and can help you find the right mortgage for your new home.
Mortgage Options for Owensboro Borrowers
At NMHL, we offer a range of mortgage options to suit different borrower needs and financial situations. Our programs include:
- FHA loans: Low down payments and lenient credit scoring.
- VA loans: Competitive rates and zero down payment options for veterans.
- Conventional loans: Flexible terms and competitive rates for borrowers with strong credit.
- Jumbo loans: Large loan amounts for high-end homes or borrowers with significant assets.
Our loan officers will work with you to determine the best mortgage option for your situation and guide you through the application process.
Get pre-approved for a mortgage with NMHL today and take the first step towards homeownership in Owensboro!
Down Payment Assistance Programs in Owensboro, KY
NMHL offers several down payment assistance programs to help Owensboro borrowers achieve homeownership. These programs include:
- Kentucky Housing Corporation (KHC) Down Payment Assistance Program: Up to 4% of the home's purchase price in down payment assistance.
- NMHL's Down Payment Assistance Program: Grants and matching funds to help with down payment and closing costs.
Our loan officers can help you explore these programs and determine the best option for your financial situation.
Don't let down payment challenges hold you back from achieving homeownership. Contact NMHL to learn more about our down payment assistance programs.
Frequently Asked Questions
Mortgage rates in Owensboro vary depending on the type of loan, credit score, and other factors. At NMHL, we offer competitive rates starting from 6.5% APR for a 30-year fixed conventional loan. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers several mortgage programs for first-time homebuyers in Owensboro, including FHA loans with down payments as low as 3.5%. We also offer conventional loans with competitive rates and terms. Our loan officers can help you determine the best option for your financial situation and guide you through the application process.
Property taxes in Owensboro are assessed by the Daviess County Property Valuation Administrator. The average effective property tax rate is 0.83%, which is relatively low compared to other states. Homeowners can expect to pay around $1,186 per year in property taxes on a $143,000 home. NMHL can help you factor property taxes into your mortgage planning.
Some of the most popular neighborhoods in Owensboro include Downtown Owensboro, North Owensboro, and the Riverview area. These neighborhoods offer a mix of historic homes, new construction, and community amenities. NMHL has experience working with borrowers in these areas and can provide insights into local market trends.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. We work with a variety of lenders and programs, including subprime and non-QM loans, to help borrowers with credit challenges achieve homeownership. Our loan officers will work with you to determine the best course of action and provide guidance on improving your credit score.
NMHL offers several down payment assistance programs, including the Kentucky Housing Corporation (KHC) Down Payment Assistance Program. This program provides up to 4% of the home's purchase price in down payment assistance. We can also help you explore other local and state-specific programs to help with down payment and closing costs.
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Ready to Buy in Owensboro?
Let NMHL help you navigate the Owensboro housing market with expert guidance and competitive rates.