The Ellicott City housing market is competitive, with a mix of new developments and historic homes. The median home price in Ellicott City is $520,000, and prices vary by neighborhood and property type. Our loan officers can provide you with current market data and help you navigate the local real estate market.

Some popular neighborhoods in Ellicott City include:

• Downtown Ellicott City: Known for its charming shops and restaurants
• Columbia: A planned community with a mix of homes and amenities
• Elkridge: A historic area with a strong sense of community

NMHL is committed to helping Ellicott City borrowers achieve their dream of homeownership. Our team of experienced loan officers can help you find the best mortgage program for your situation and guide you through the mortgage process.

Property taxes in Ellicott City average approximately 1.00% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $520,000 home, you can expect to pay around $5,200 per year in property taxes.

Maryland also offers a homestead tax credit program, which can help reduce your property tax bill. Our loan officers can help you understand how property taxes will impact your mortgage payment and explore options for reducing your tax liability.

Ellicott City is served by the highly-rated Howard County Public Schools system, which includes several top-performing schools in the area. The quality of local schools can have a significant impact on home values, making it essential to consider school districts when searching for a home in Ellicott City.

Some of the top-rated schools in Ellicott City include:

• Ellicott City High School
• Centennial High School
• Howard High School

NMHL's loan officers can help you explore the local school districts and find the best fit for your family's needs.

NMHL offers several first-time homebuyer programs in Ellicott City, including FHA loans with down payments as low as 3.5% and Maryland's HomeReady program, which provides down payment assistance and flexible credit requirements.

Our loan officers can help you explore these options and find the best fit for your situation. We also offer a range of educational resources and tools to help you navigate the mortgage process and achieve your dream of homeownership.

NMHL is committed to serving underserved borrowers in Ellicott City, 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 with flexible credit requirements
• VA loans for eligible veterans
• Self-employed mortgage programs with alternative income documentation

Our loan officers can help you explore these options and find the best fit for your situation.

Maryland offers several down payment assistance programs to help homebuyers in Ellicott City, including the Maryland HomeReady program and the Maryland Mortgage Credit Certificate (MCC) program.

Our loan officers can help you explore these options and find the best fit for your situation. We also offer a range of educational resources and tools to help you navigate the mortgage process and achieve your dream of homeownership.