NMHL Mortgage Lending
Mortgage Lender in Baltimore, MD
Local expertise and competitive rates for Baltimore homebuyers.
Baltimore Housing Market Overview
Explore mortgage options in Baltimore, MD with NMHL. Our local expertise helps you navigate the Baltimore 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 Baltimore
Explore mortgage options tailored to Baltimore 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 Baltimore's Housing Market
Baltimore's housing market is driven by a mix of historic neighborhoods and modern developments. The city's median home price is around $170,000, with prices varying depending on the neighborhood and property type. Areas like Harbor East and Canton are seeing significant investment, with new condos and townhomes being built. Meanwhile, historic neighborhoods like Fell's Point and Mount Vernon remain popular among buyers looking for character and charm.
NMHL's local expertise can help you navigate these market trends and find the best mortgage options for your situation. Our mortgage specialists understand the unique challenges faced by Baltimore homeowners and can provide personalized guidance throughout the mortgage process.
Contact NMHL today to discuss your mortgage options and learn more about our local expertise.
Mortgage Options for Baltimore Borrowers
At NMHL, we offer a range of mortgage options tailored to Baltimore borrowers, including FHA, VA, USDA, Conventional, and Jumbo loans. Our mortgage specialists will work with you to determine the best loan program for your situation, taking into account factors like credit score, income, and debt-to-income ratio.
- FHA loans with down payments as low as 3.5%
- VA loans with zero down payment options for eligible veterans
- USDA loans for borrowers purchasing homes in rural areas
- Conventional loans with competitive interest rates and terms
Our mortgage experts will help you explore these options and find the best fit for your financial situation.
Get pre-approved today with NMHL's streamlined pre-approval process.
First-Time Homebuyer Programs in Maryland
Maryland offers several programs to support first-time homebuyers, including the Maryland Mortgage Program (MMP) and the Maryland HomeCredit Program. These programs provide financial assistance and tax credits to help make homeownership more affordable. NMHL's mortgage specialists can help you explore these options and determine the best fit for your situation.
The MMP offers competitive interest rates and down payment assistance, while the Maryland HomeCredit Program provides a federal tax credit to help reduce your tax liability. Our experts will guide you through the application process and help you navigate the requirements for these programs.
Contact NMHL to learn more about first-time homebuyer programs in Maryland and how to apply.
Property Taxes and School Districts in Baltimore
Property taxes in Baltimore are an important consideration for homeowners, with a combined rate of 1.23% for Baltimore City and 0.112% for the state of Maryland. The city's school districts also play a significant role in determining property values, with highly-rated districts like Baltimore City College and Western High School commanding higher prices.
NMHL's local expertise can help you understand how property taxes and school districts impact your mortgage options. Our mortgage specialists will work with you to factor these costs into your mortgage planning and explore options for tax credits or deductions.
NMHL's mortgage experts can help you navigate the complex landscape of property taxes and school districts in Baltimore.
Frequently Asked Questions
Mortgage rates in Baltimore vary depending on the loan program and your borrower profile. 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. Our mortgage experts will help you navigate the rate landscape and find the best fit for your financial situation.
NMHL offers several mortgage options for first-time homebuyers in Baltimore, including FHA loans with down payments as low as 3.5% and Maryland Mortgage Program (MMP) loans with competitive interest rates. We also offer down payment assistance programs, such as the Maryland HomeCredit Program, to help with closing costs. Our mortgage specialists will help you explore these options and determine the best fit for your situation.
Property taxes in Baltimore are calculated based on the property's assessed value, with a combined rate of 1.23% for Baltimore City and 0.112% for the state of Maryland. This means that on a $200,000 home, you can expect to pay around $2,460 in annual property taxes. NMHL can help you factor property taxes into your mortgage planning and explore options for tax credits or deductions.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with credit issues. Our Bad Credit Mortgage Program considers alternative credit scoring models and offers more lenient credit score thresholds. We can help you explore your options and develop a plan to improve your credit score over time. Contact us to discuss your situation and learn more about our bad credit mortgage solutions.
Baltimore's neighborhoods offer a diverse range of housing options, from historic homes in Fell's Point to modern condos in Harbor East. Other popular areas include Canton, Mount Vernon, and Hampden, each with its unique character and charm. NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your chosen area.
Yes, NMHL offers several down payment assistance programs for Baltimore homebuyers, including the Maryland HomeCredit Program and the Down Payment and Closing Cost Assistance Program. These programs provide financial assistance to help with down payments and closing costs, making it easier to achieve homeownership. Our mortgage specialists will help you explore these options and determine the best fit for your situation.
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Let NMHL help you navigate the Baltimore housing market with expert guidance and competitive rates.