NMHL Mortgage Lending
Mortgage Lender in Hagerstown, MD
Local expertise and competitive rates for Hagerstown homebuyers.
Hagerstown Housing Market Overview
Hagerstown is a growing community in Maryland offering diverse mortgage options for homebuyers. Contact NMHL for personalized Hagerstown mortgage rates and programs.
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 Hagerstown
Explore mortgage options tailored to Hagerstown 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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Hagerstown Housing Market Trends
The Hagerstown housing market is experiencing steady growth, with a median home price of $220,000. The local economy is driven by a mix of industries, including healthcare, education, and manufacturing. According to recent data, the Hagerstown housing market has seen a 5% increase in home prices over the past year, making it an attractive option for homebuyers. Our loan officers can provide you with up-to-date market data and help you navigate the current market conditions.
- Steady growth in home prices
- Diverse economy with major industries in healthcare, education, and manufacturing
- Affordable housing options available
NMHL offers competitive rates and flexible terms to help you achieve your homeownership goals in Hagerstown.
Neighborhoods in Hagerstown
Hagerstown has several charming neighborhoods to choose from, each with its own unique character and amenities. Some popular neighborhoods include:
- Downtown Hagerstown: A vibrant and walkable neighborhood with shops, restaurants, and entertainment options.
- Washington County: A historic neighborhood with a mix of old and new homes.
- Historic District: A charming neighborhood with beautifully preserved historic homes.
Our loan officers can provide you with information on the local neighborhoods and help you find the best fit for your needs and budget.
Contact NMHL to learn more about the different neighborhoods in Hagerstown and find the best one for you.
Property Taxes in Hagerstown
Property taxes in Hagerstown average approximately 1.12% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. However, property taxes can vary depending on the location and value of the property. Our loan officers can help you understand how property taxes will impact your mortgage payment and provide guidance on how to minimize your tax liability.
- Average property tax rate: 1.12%
- Property taxes can vary depending on location and value
- Our loan officers can help you understand and minimize your property tax liability
NMHL can help you navigate the property tax implications of your mortgage and ensure you're taking advantage of available tax credits.
School Districts in Hagerstown
Hagerstown is served by Washington County Public Schools, which operates several schools in the area. The school district has a strong reputation for academic excellence and offers a range of programs and extracurricular activities. Our loan officers can provide you with information on the local schools and help you understand how they may impact your home's value.
- Washington County Public Schools serves Hagerstown
- Strong reputation for academic excellence
- Range of programs and extracurricular activities available
Contact NMHL to learn more about the local schools and how they may impact your home's value.
First-Time Homebuyer Programs in Hagerstown
NMHL offers a range of mortgage options for first-time homebuyers in Hagerstown, including FHA loans with as little as 3.5% down. Our loan officers can help you understand the different mortgage options available and provide guidance on how to qualify for a mortgage. We also offer down payment assistance programs and other incentives for first-time homebuyers.
- FHA loans with as little as 3.5% down
- Down payment assistance programs available
- Other incentives for first-time homebuyers
NMHL is committed to helping first-time homebuyers in Hagerstown achieve their dream of homeownership.
NMHL Programs for Underserved Borrowers
NMHL offers a range of mortgage options for underserved borrowers in Hagerstown, including those with bad credit, self-employed individuals, and veterans. Our loan officers can help you understand the different mortgage options available and provide guidance on how to qualify for a mortgage. We also offer specialty mortgage programs, such as VA loans and FHA loans, that cater to the needs of underserved borrowers.
- Specialty mortgage programs for underserved borrowers
- Bad credit mortgage options available
- Self-employed and veteran mortgage options available
NMHL is dedicated to serving underserved borrowers in Hagerstown and helping them achieve their dream of homeownership.
Frequently Asked Questions
The median home price in Hagerstown, Maryland is approximately $220,000. Prices vary by neighborhood and property type. Contact NMHL for current market data. Our loan officers can provide you with a detailed analysis of the local market and help you find the best mortgage option for your needs.
NMHL offers FHA, VA, conventional, jumbo, and specialty mortgage programs in Hagerstown, Maryland. Our loan officers can help you find the best program for your situation. We also offer down payment assistance programs and other incentives for first-time homebuyers and underserved borrowers.
Property taxes in Hagerstown average approximately 1.12% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. However, property taxes can vary depending on the location and value of the property. Our loan officers can help you understand how property taxes will impact your mortgage payment and provide guidance on how to minimize your tax liability.
Hagerstown has several charming neighborhoods to choose from, including Downtown Hagerstown, Washington County, and the Historic District. Each neighborhood has its own unique character and amenities. Our loan officers can provide you with information on the local neighborhoods and help you find the best fit for your needs and budget. We can also provide guidance on how to evaluate neighborhoods based on factors such as schools, transportation, and community amenities.
Hagerstown is served by Washington County Public Schools, which operates several schools in the area. The school district has a strong reputation for academic excellence and offers a range of programs and extracurricular activities. Our loan officers can provide you with information on the local schools and help you understand how they may impact your home's value. We can also provide guidance on how to evaluate school districts based on factors such as test scores, teacher quality, and student safety.
The down payment requirements for mortgages in Hagerstown vary depending on the type of loan and the borrower's credit score. NMHL offers a range of mortgage options with low down payment requirements, including FHA loans with as little as 3.5% down. Our loan officers can help you understand the down payment requirements for different mortgage options and provide guidance on how to minimize your down payment. We can also provide information on down payment assistance programs that may be available to you.
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