The median home price in Pontiac, Michigan is approximately $120,000. Prices vary by neighborhood and property type, with some areas offering more affordable options and others featuring higher-end homes. For example, the downtown area has seen recent developments with prices ranging from $150,000 to over $300,000, while surrounding neighborhoods may offer more affordable options. Contact NMHL for current market data and to discuss your specific needs.

NMHL offers a variety of mortgage programs in Pontiac, Michigan, including FHA, VA, conventional, jumbo, and specialty mortgage programs. Our loan officers can help you find the best program for your situation, whether you're a first-time homebuyer, self-employed, or have less-than-perfect credit. For instance, our FHA loans offer more lenient credit score requirements, while our VA loans provide favorable terms for eligible veterans. We also offer jumbo loans for higher-priced homes and specialty programs for borrowers with unique financial situations.

Property taxes in Pontiac average approximately 1.72% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $120,000 home, you can expect to pay around $2,064 per year in property taxes, or about $172 per month. Keep in mind that property taxes can vary depending on the specific location and any applicable exemptions. It's essential to factor these costs into your overall homeownership expenses when considering a mortgage in Pontiac.

Pontiac has several popular neighborhoods to consider, each with its own unique character and amenities. Downtown Pontiac offers a mix of historic homes and new developments, with easy access to shops, restaurants, and entertainment. The nearby neighborhoods of Greenfield and South Pontiac feature more affordable options, with a range of single-family homes and apartments. Other popular areas include the Waterford and Bloomfield townships, which offer a suburban feel with good schools and community amenities. NMHL's loan officers can help you explore these neighborhoods and find the best mortgage options for your needs.

Pontiac is served by several school districts, including Pontiac School District, Waterford School District, and Bloomfield Hills Schools. These districts offer a range of educational programs and extracurricular activities, which can impact home values in the area. For example, homes in the highly-rated Bloomfield Hills Schools district tend to be more sought after, which can drive up property values. NMHL's loan officers can help you understand how school districts may affect your mortgage options and homeownership costs in Pontiac.

Michigan offers several first-time homebuyer programs to help make homeownership more accessible. The Michigan Housing Finance Agency (MHA) offers the MI First-Time Homebuyer Program, which provides down payment assistance and competitive interest rates. Additionally, NMHL offers its own first-time homebuyer program, which features a reduced down payment requirement and flexible credit score guidelines. Our loan officers can help you explore these options and find the best fit for your needs and budget.

At NMHL, we understand that not everyone has perfect credit. Our loan officers specialize in working with borrowers who have less-than-perfect credit, offering a range of mortgage programs designed to meet their needs. For example, our FHA loans have more lenient credit score requirements, and our specialty programs can help borrowers with credit challenges qualify for a mortgage. To get pre-approved, simply contact us and provide some basic financial information. We'll review your credit report, income, and other factors to determine the best mortgage options for you.