Rochester Hills is a diverse community with a range of neighborhoods to suit different lifestyles and preferences. From the historic downtown area to the family-friendly suburbs, there's something for everyone in Rochester Hills. Some popular neighborhoods include the Rochester Hills downtown area, Bloomer Park, and the Stony Creek area, each offering a unique blend of housing options, local amenities, and community character.

• Downtown Rochester Hills: This vibrant area is known for its boutique shops, restaurants, and community events, making it an attractive option for those who want to be at the heart of the action.
• Bloomer Park: A family-friendly neighborhood with a mix of older and newer homes, Bloomer Park is a great choice for those seeking a suburban feel.
• Stony Creek: This area offers a more rural feel, with larger lots and homes, and is ideal for those who want to escape the hustle and bustle of city life.

At NMHL, we're committed to helping all borrowers achieve homeownership, regardless of their credit history or financial situation. We offer a range of mortgage options for underserved borrowers, including those with bad credit, self-employed individuals, and veterans. Our FHA, VA, and USDA loan programs provide more lenient credit scoring and lower down payment requirements, making it easier to qualify for a mortgage.

For example, our VA loan program offers zero-down financing for eligible veterans, while our FHA loan program requires as little as 3.5% down. We also offer subprime loan options for borrowers with credit scores as low as 580.

Michigan offers several down payment assistance programs to help homebuyers achieve their goals. The Michigan State Housing Development Authority (MSHDA) Down Payment Assistance Program provides financial assistance with down payments and closing costs, while the MI Home Mortgage Program offers competitive interest rates and lower mortgage insurance premiums.

NMHL can help you navigate these programs and determine which ones you may be eligible for. Our experienced loan officers will work with you to identify the best loan options and guide you through the application process.

The Rochester Hills housing market is experiencing a period of steady growth, driven by the area's strong economy and desirable quality of life. As of the latest data, the median home price in Rochester Hills is around $340,000, with prices trending upward over the past year.

Homebuyers can expect a competitive market, with multiple offers common on desirable properties. However, with the right guidance and mortgage options, you can navigate this market with confidence.