NMHL Mortgage Lending
Mortgage Lender in Severn, MD
Local expertise and competitive rates for Severn homebuyers.
Severn Housing Market Overview
Severn is a growing community in Maryland offering diverse mortgage options for homebuyers. Contact NMHL for personalized Severn mortgage rates and programs.
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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 Severn
Explore mortgage options tailored to Severn 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 Severn's Housing Market
Severn's housing market is characterized by a mix of older and newer homes, with a range of prices to suit different budgets. The median home price of $380,000 provides a benchmark for borrowers to consider. Local market conditions, including property taxes and school districts, can impact home values and mortgage payments. Our team at NMHL is well-versed in these factors and can provide personalized guidance to help you navigate the Severn market.
- Median home price: $380,000
- Property taxes: approximately 1.06% of assessed value
- School districts: Anne Arundel County Public Schools
NMHL's experienced loan officers can help you understand how local market conditions impact your mortgage payment and find the best mortgage program for your situation.
Notable Neighborhoods in Severn
Severn has several notable neighborhoods, each with its own unique character and amenities. Some popular areas include:
- Arundel Mills: A shopping and entertainment complex with a range of stores and restaurants
- Bells: A residential neighborhood with a mix of older and newer homes
- Millersville: A community with a strong sense of history and a range of outdoor recreational opportunities
When choosing a neighborhood, consider factors like school districts, commute times, and local amenities. Our team at NMHL can provide more information on Severn's neighborhoods and help you find the best fit for your lifestyle.
NMHL's loan officers can help you explore mortgage options in Severn's popular neighborhoods and find the best fit for your budget and lifestyle.
Property Tax Rates and Considerations in Severn
Property taxes in Severn 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. Our loan officers can help you understand how property taxes will impact your mortgage payment and find the best mortgage program for your situation.
- Property taxes: approximately 1.06% of assessed value
- Annual property tax payment: around $4,028 on a $380,000 home
NMHL's experienced loan officers can help you understand how property taxes impact your mortgage payment and find the best mortgage program for your situation.
School Districts and Their Impact on Home Values
Severn is served by Anne Arundel County Public Schools, which include several highly-rated schools in the area. School districts can impact home values and mortgage payments, as well as provide access to quality education for local residents. Our team at NMHL can provide more information on Severn's school districts and help you find the best fit for your family's needs.
- School district: Anne Arundel County Public Schools
- Highly-rated schools in the area: Anne Arundel County Public Schools
NMHL's loan officers can help you explore mortgage options in Severn's top-rated school districts and find the best fit for your budget and lifestyle.
Down Payment Assistance Programs in Maryland
NMHL offers several down payment assistance programs in Maryland, including the HomeReady program, which provides down payment assistance and flexible credit score requirements. Our loan officers can help you explore these options and find the best fit for your situation. Contact us for a consultation to discuss your down payment options and find a mortgage program that works for you.
- HomeReady program: down payment assistance and flexible credit score requirements
- FHA loans: 3.5% down payment requirements
NMHL's experienced loan officers can help you explore down payment assistance programs in Maryland and find the best mortgage program for your situation.
Frequently Asked Questions
The median home price in Severn, Maryland is approximately $380,000. Prices vary by neighborhood and property type, with some areas offering more affordable options and others featuring luxury homes. For the most up-to-date market data, contact NMHL for a personalized consultation.
NMHL offers a range of mortgage programs in Severn, Maryland, including FHA, VA, conventional, jumbo, and specialty loans. Our loan officers can help you find the best program for your situation, whether you're a first-time homebuyer, self-employed, or have unique financial circumstances.
Property taxes in Severn 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. Our loan officers can help you understand how property taxes will impact your mortgage payment.
Severn has several notable neighborhoods, including Arundel Mills, Bells, and Millersville. Each area offers its own unique character and amenities, from community parks to shopping centers. When choosing a neighborhood, consider factors like school districts, commute times, and local amenities. Our team can provide more information on Severn's neighborhoods and help you find the best fit for your lifestyle.
NMHL offers several first-time homebuyer programs in Severn, Maryland, including FHA loans with 3.5% down payment requirements and VA loans with zero-down options for eligible veterans. Additionally, Maryland's HomeReady program provides down payment assistance and flexible credit score requirements. Our loan officers can help you explore these options and find the best fit for your situation.
Yes, NMHL offers mortgage programs for borrowers with less-than-perfect credit. Our loan officers can help you explore options like FHA loans, which allow credit scores as low as 580, or specialty loans that cater to borrowers with unique financial circumstances. Contact us for a consultation to discuss your credit situation and find a mortgage program that works for you.
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