The Flint housing market is experiencing a resurgence, with home prices rising steadily over the past few years. According to recent data, the median home price in Flint has increased by 10% over the past year, making it an attractive option for investors and first-time homebuyers. Additionally, the city's downtown area is undergoing revitalization efforts, with new businesses and restaurants opening up. This growth is expected to continue, making Flint an excellent choice for those looking to buy a home.

Some popular neighborhoods in Flint include:

• Downtown Flint: Known for its historic homes and vibrant atmosphere
• University District: A popular area for students and young professionals
• Eastside: A suburban neighborhood with affordable housing options
• Northwest Flint: A growing area with new developments and amenities

Property taxes in Flint are relatively affordable, with an average effective rate of 1.75% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $55,000 home, you can expect to pay around $963 per year in property taxes, or about $80 per month. Keep in mind that property taxes can vary depending on the specific location and value of the property.

It's essential to consider property taxes when evaluating neighborhoods and homes in Flint. Some areas may have higher or lower property taxes, which can impact your overall costs. NMHL can help you understand the property tax implications of different neighborhoods and homes.

Flint has several school districts to choose from, each with its own strengths and weaknesses. The Flint Community Schools district serves the city and offers a range of educational programs, including magnet schools and alternative education. Additionally, there are several charter schools and private schools in the area.

School districts can have a significant impact on home values, so it's essential to research the local schools when considering a neighborhood. Some neighborhoods, like University District, are known for their highly-rated schools, while others may have more limited options.

• Flint Community Schools: A public school district serving the city
• Chartter schools: Several options available, including Great Lakes Academy and Flint Academy
• Private schools: Several options available, including Catholic schools and independent schools

Michigan offers several programs to help first-time homebuyers, including the Michigan Housing Development Authority (MHA) Down Payment Assistance Program and the MI Homebuyer Program. These programs offer favorable terms, such as lower interest rates, reduced mortgage insurance premiums, and down payment assistance.

NMHL can help you navigate these programs and find the best option for your needs. Our experienced loan officers can guide you through the application process and ensure that you receive the benefits you're eligible for.

• MHA Down Payment Assistance Program: Provides up to 4% down payment assistance
• MI Homebuyer Program: Offers lower interest rates and reduced mortgage insurance premiums

At NMHL, we understand that not all borrowers have the same needs or financial situations. That's why we offer a range of programs specifically designed for underserved borrowers, including:

• FHA loans: More lenient credit score requirements
• VA loans: Favorable terms for eligible veterans and active-duty military personnel
• Self-employed mortgage programs: Flexible income verification options
• Bad credit mortgage programs: Options for borrowers with less-than-perfect credit

Our experienced loan officers can help you find the best program for your situation and guide you through the application process.