NMHL Mortgage Lending
Mortgage Lender in Dundalk, MD
Local expertise and competitive rates for Dundalk homebuyers.
Dundalk Housing Market Overview
Explore mortgage options in Dundalk, MD with NMHL. Our local expertise helps you navigate the Dundalk 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 Dundalk
Explore mortgage options tailored to Dundalk 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 Dundalk's Housing Market
Dundalk's housing market is characterized by a mix of older and newer homes, with a median home price of $172,000. The area is popular with first-time homebuyers and families due to its relatively affordable housing options and proximity to Baltimore. According to recent data, Dundalk has seen a steady increase in home sales, with the average home selling for 98% of its list price.
The local real estate market is also influenced by the presence of several major employers, including the Port of Baltimore and various healthcare organizations. This stability has contributed to Dundalk's attractiveness to homebuyers.
NMHL's local expertise can help you navigate Dundalk's housing market and find the right mortgage for your needs.
First-Time Homebuyer Programs in Maryland
Maryland offers several programs to help first-time homebuyers achieve their goals. The Maryland Mortgage Program, for example, provides financing options with as little as 3% down. Additionally, the state's Down Payment and Closing Cost Assistance program offers up to $5,000 in assistance.
- The Maryland Mortgage Program offers competitive interest rates and flexible credit scoring.
- The Down Payment and Closing Cost Assistance program provides a deferred, zero-interest loan.
NMHL can help you determine which programs you're eligible for and guide you through the application process.
Don't miss out on these valuable programs – contact NMHL today to learn more.
NMHL 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 programs designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans.
Our specialty loan programs include:
- VA loans for veterans and active-duty military personnel.
- FHA loans for borrowers with lower credit scores or smaller down payments.
- Bank statement loans for self-employed borrowers.
Our experienced loan officers will work with you to determine the best mortgage solution for your unique situation.
NMHL is committed to helping all borrowers achieve their homeownership goals – no matter their background or financial situation.
School Districts and Property Values in Dundalk
Dundalk is served by the Baltimore County Public Schools system, which includes several highly-rated schools. The quality of local schools can have a significant impact on property values, making neighborhoods with top-rated schools more desirable.
Some of the top-rated schools in Dundalk include:
- Patapsco High School.
- Sandy Point Elementary School.
- Columbia Park Elementary School.
NMHL can help you understand how school districts affect property values and factor this into your mortgage planning.
When choosing a home in Dundalk, consider the quality of local schools and how they may impact your property's value.
Frequently Asked Questions
Mortgage rates in Dundalk vary depending on the type of loan, 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.
While a good credit score can help you qualify for better mortgage rates, 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 credit counseling services to help you improve your credit score.
Dundalk is located in Baltimore County, which has a property tax rate of $1.10 per $100 of assessed value. This means that on a $172,000 home (the current median home price), your annual property tax would be approximately $1,892. NMHL can help you factor property taxes into your mortgage planning.
Yes, Maryland offers several down payment assistance programs, including the Maryland Mortgage Program, which provides up to $5,000 in down payment assistance. NMHL can help you navigate these programs and determine which ones you're eligible for.
Getting pre-approved for a mortgage with NMHL is easy. Simply contact us to schedule a consultation, and we'll review your financial information to determine how much you can afford to borrow. Our pre-approval process typically takes just a few days.
Dundalk has several desirable neighborhoods, including Eastfield, Oyster Cove, and Northpoint. Each of these areas offers a unique character and amenities. NMHL has experience serving borrowers in these neighborhoods and can help you find the right mortgage for your needs.
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