NMHL Mortgage Lending
Mortgage Lender in Laurel, MD
Local expertise and competitive rates for Laurel homebuyers.
Laurel Housing Market Overview
Laurel is a growing community in Maryland offering diverse mortgage options for homebuyers. Contact NMHL for personalized Laurel 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 Laurel
Explore mortgage options tailored to Laurel 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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Laurel Housing Market Trends
The Laurel housing market is competitive, with a mix of new developments and established neighborhoods. The median home price of $380,000 reflects the area's desirability and growth. As a borrower in Laurel, it's essential to stay informed about local market trends and mortgage options.
NMHL's team of experienced loan officers is dedicated to helping Laurel borrowers navigate the mortgage process. We offer a range of programs, including FHA, VA, conventional, and jumbo loans, to suit different needs and financial situations.
Get pre-approved for a mortgage today with NMHL and take the first step towards homeownership in Laurel.
Neighborhoods in Laurel
Laurel has several distinct neighborhoods, each with its own character and amenities. Some popular areas include:
- Columbia: A planned community with a mix of residential, commercial, and recreational spaces.
- North Laurel: A suburban area with a strong sense of community and easy access to local amenities.
- Laurel Lakes: A waterfront community with parks, trails, and scenic views.
Our team can help you explore these neighborhoods and find the best fit for your lifestyle and budget.
Contact NMHL to learn more about Laurel neighborhoods and find the perfect home for you.
Property Taxes in Laurel
Property taxes in Laurel average approximately 1.06% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $380,000 home, you can expect to pay around $4,028 per year in property taxes.
NMHL's loan officers can help you understand how property taxes affect your mortgage options and provide guidance on how to factor them into your homebuying decision.
Get a personalized estimate of your property taxes and mortgage costs with NMHL's mortgage calculator.
School Districts in Laurel
Laurel is served by the highly rated Howard County Public Schools system. The quality of local schools can have a significant impact on home values, making it essential to consider school districts when buying a home.
NMHL's team can provide more information on how school districts affect mortgage options and help you find a home that meets your needs and budget.
Contact NMHL to learn more about Laurel's school districts and find a home that's right for you.
First-Time Homebuyer Programs in Laurel
NMHL offers several programs for first-time homebuyers in Laurel, including:
- FHA loans with 3.5% down payment requirements
- Maryland's Down Payment Assistance Program, which provides up to $10,000 in assistance
Our team can help you explore these options and find the best fit for your situation.
Get pre-approved for a mortgage today with NMHL and take advantage of Laurel's first-time homebuyer programs.
Bad Credit Mortgage Options in Laurel
NMHL offers mortgage options for borrowers with less-than-perfect credit in Laurel. Our loan officers can help you explore alternative credit scoring models and non-traditional income documentation to increase your chances of approval.
Contact us to discuss your options and get pre-approved for a mortgage that meets your needs.
Don't let bad credit hold you back from homeownership. Contact NMHL to explore your mortgage options in Laurel.
Frequently Asked Questions
The median home price in Laurel, Maryland is approximately $380,000. Prices vary by neighborhood and property type. Contact NMHL for current market data and to get pre-approved for a mortgage.
NMHL offers FHA, VA, conventional, jumbo, and specialty mortgage programs in Laurel, Maryland. Our loan officers can help you find the best program for your situation, including options for first-time homebuyers, self-employed individuals, and those with less-than-perfect credit.
Property taxes in Laurel average approximately 1.06% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $380,000 home, you can expect to pay around $4,028 per year in property taxes.
Laurel has several desirable neighborhoods, including Columbia, North Laurel, and Laurel Lakes. Each area offers its own unique character and amenities. Our team can help you explore these neighborhoods and find the best fit for your lifestyle and budget.
Laurel is served by the Howard County Public Schools system, which is highly rated in Maryland. The quality of local schools can have a significant impact on home values, making it essential to consider school districts when buying a home. Our loan officers can provide more information on how school districts affect mortgage options.
NMHL offers several programs for first-time homebuyers in Laurel, including FHA loans with 3.5% down payment requirements and Maryland's Down Payment Assistance Program, which provides up to $10,000 in assistance. Our team can help you explore these options and find the best fit for your situation.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit in Laurel. Our loan officers can help you explore alternative credit scoring models and non-traditional income documentation to increase your chances of approval. Contact us to discuss your options and get pre-approved for a mortgage.
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Ready to Buy in Laurel?
Let NMHL help you navigate the Laurel housing market with expert guidance and competitive rates.