NMHL Mortgage Lending
Mortgage Lender in Lansing, MI
Local expertise and competitive rates for Lansing homebuyers.
Lansing, Michigan's capital city, offers a unique blend of affordability and economic stability, making it an attractive location for homebuyers. With a median home price of $175,000, Lansing provides a more affordable alternative to larger Michigan cities. National Mortgage Home Loans (NMHL) is well-positioned to serve Lansing borrowers, offering a range of mortgage programs tailored to local needs, including options for first-time buyers, those with bad credit, and self-employed individuals.
The Lansing housing market is supported by a stable employment base, driven by state government, Michigan State University, and major employers in healthcare, manufacturing, and insurance. This economic stability contributes to a relatively low cost of living and a housing market that is accessible to a wide range of buyers. NMHL's local expertise and range of mortgage products make us the go-to lender for Lansing homebuyers.
Whether you're a first-time buyer or looking to refinance, NMHL offers competitive rates and personalized service. Our mortgage programs are designed to meet the unique needs of Lansing residents, with options for down payment assistance and credit score flexibility. Get pre-approved today and take the first step towards homeownership in Lansing.
Lansing Housing Market Overview
Lansing, Michigan's capital, offers affordable housing supported by state government employment and Michigan State University. The city provides a stable, low-cost-of-living environment with a college-town feel in adjacent East Lansing.
Lansing Neighborhoods
Popular areas for homebuyers in Lansing, MI
ZIP Codes We Serve in Lansing
Mortgage lending available in these Lansing ZIP codes
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 Lansing
Explore mortgage options tailored to Lansing 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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Lansing Neighborhoods: Where to Buy
Lansing is a city with a diverse range of neighborhoods, each with its own unique character and charm. From the vibrant downtown area of Old Town to the family-friendly neighborhoods of Colonial Village and Westside, there's something for everyone in Lansing. East Lansing, just outside of Lansing, is also worth considering, with its proximity to Michigan State University and a lively downtown area.
- Old Town: Known for its cultural attractions, boutique shopping, and dining options.
- Westside: A charming area with a mix of older and newer homes, close to downtown.
- Colonial Village: A family-friendly neighborhood with a suburban feel.
When choosing a neighborhood, consider factors like school districts, commute times, and local amenities. NMHL's mortgage experts can help you understand how different neighborhoods may impact your mortgage options and overall cost of homeownership.
NMHL's local expertise can help you navigate the Lansing housing market and find the best mortgage for your needs.
Mortgage Options for Lansing Homebuyers
At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Lansing homebuyers. From FHA loans with down payments as low as 3.5% to VA loans for eligible veterans, we have options to suit a variety of financial situations. Our mortgage experts can help you explore these programs and determine which one is right for you.
- FHA Loans: Down payments as low as 3.5% with credit scores as low as 580.
- VA Loans: Zero-down financing for eligible veterans and service members.
- Conventional Loans: Competitive rates and terms for borrowers with good credit.
We'll work with you to understand your financial situation and goals, and help you find a mortgage that fits your needs.
Get pre-approved today and take the first step towards homeownership in Lansing.
Down Payment Assistance in Michigan
Michigan offers several down payment assistance programs to help homebuyers, including the Michigan State Housing Development Authority (MSHDA) Down Payment Assistance Program. These programs provide financial assistance for down payments and closing costs, making it easier for buyers to purchase a home in Lansing and other parts of the state.
NMHL can help you navigate these programs and determine your eligibility. Our mortgage experts will work with you to understand your financial situation and goals, and help you find a mortgage that fits your needs.
Don't let down payment costs hold you back from buying a home in Lansing. Explore your options with NMHL today.
Understanding Lansing's Property Tax Landscape
Lansing's average property tax rate is 1.78%, which is relatively high compared to some other parts of the country. However, Michigan offers various property tax credits and exemptions for eligible homeowners, which can help reduce the overall tax burden.
When buying a home in Lansing, it's essential to factor property taxes into your overall cost of homeownership. NMHL's mortgage experts can help you understand how property taxes will impact your monthly mortgage payments and overall cost of homeownership.
NMHL can help you understand the impact of property taxes on your mortgage payments.
Frequently Asked Questions
In Lansing, the average property tax rate is 1.78%. This means that on a $175,000 home, the annual property tax bill would be approximately $3,115. While this is a significant cost, it's worth noting that Michigan offers various property tax credits and exemptions for eligible homeowners, which can help reduce the overall tax burden.
Lansing is served by the Lansing School District, as well as surrounding districts like East Lansing and Okemos. Homes in areas with highly-rated school districts tend to command higher prices and appreciate more over time. For example, homes in the East Lansing district are often priced at a premium due to the district's strong reputation and proximity to Michigan State University.
Michigan offers several programs to help first-time homebuyers, including the Michigan State Housing Development Authority (MSHDA) Down Payment Assistance Program and the MI Home Loan program. These programs provide financial assistance for down payments and closing costs, making it easier for buyers to purchase a home in Lansing and other parts of the state. NMHL can help you navigate these programs and determine your eligibility.
While having bad credit can make it more challenging to qualify for a mortgage, NMHL offers programs designed to help borrowers with less-than-perfect credit. We consider a range of factors beyond just credit score, including income, employment history, and debt-to-income ratio. Our mortgage experts can help you explore your options and find a loan that fits your needs.
Some popular neighborhoods in Lansing include Old Town, known for its vibrant downtown area and cultural attractions; Westside, a charming area with a mix of older and newer homes; and Colonial Village, a family-friendly neighborhood with a suburban feel. East Lansing, just outside of Lansing, is also a popular area, with its proximity to Michigan State University and a lively downtown.
Getting pre-approved for a mortgage with NMHL is a simple, online process. Our NMHL pre-approval application requires just a few minutes to complete, and you'll receive a decision within minutes. We'll review your credit report, income, and other financial information to determine how much you can borrow and what your monthly payments will be.
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