The Dundalk housing market is experiencing steady growth, with a median home price of $210,000. The area offers a range of housing options, from affordable starter homes to luxury properties. According to recent data, the Dundalk housing market is expected to continue growing, with a 5% increase in home prices over the next year. This makes it an attractive time to buy or refinance a home in Dundalk.

At NMHL, we understand the local market conditions and are committed to providing personalized mortgage solutions to Dundalk borrowers. Our team of experienced loan officers is well-versed in the various mortgage programs available in Dundalk, including FHA, VA, conventional, jumbo, and specialty loans.

Dundalk has several notable neighborhoods to consider, including:

• Turnerville: A charming neighborhood with a mix of older and newer homes.
• Eastpoint: A waterfront community with stunning views and outdoor recreational opportunities.
• Riviera Bay: A family-friendly neighborhood with a strong sense of community.

Each area offers its own unique character and amenities, ranging from community parks to local shops and restaurants. Our loan officers can provide more information on the local neighborhoods and help you find the best fit for your needs and budget.

Property taxes in Dundalk average approximately 1.12% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $210,000 home, you can expect to pay around $2,352 per year in property taxes.

At NMHL, we can help you understand how property taxes will impact your mortgage payment and provide guidance on how to factor them into your homebuying decision. Our loan officers can also help you explore options for reducing your property tax burden, such as appealing your property assessment or taking advantage of tax credits.

Dundalk is served by the Baltimore County Public Schools system, which includes several highly-rated schools in the area. The quality of local schools can have a significant impact on home values, making it an important consideration for homebuyers.

At NMHL, we can help you understand how local schools may impact your mortgage options and homebuying decision. Our loan officers can also provide guidance on how to qualify for mortgage programs that take into account your needs as a parent or educator.

Maryland offers several first-time homebuyer programs, including:

• Maryland Mortgage Credit Certificate (MCC) program: Provides a federal tax credit for homebuyers.
• Maryland Housing Trust Fund: Offers down payment assistance and other incentives for first-time homebuyers.

At NMHL, we can help you navigate these programs and find the best options for your situation. Our loan officers can also provide guidance on how to qualify for these programs and how they may impact your mortgage payment.

At NMHL, we are committed to serving underserved borrowers in Dundalk, including those with bad credit, self-employed individuals, and veterans. We offer a range of mortgage programs designed to meet the unique needs of these borrowers, including:

• FHA loans: For borrowers with lower credit scores.
• VA loans: For eligible veterans and service members.
• Specialty loans: For self-employed individuals and others with non-traditional income.

Our loan officers can help you understand the eligibility requirements and benefits of these programs and guide you through the application process.