NMHL Mortgage Lending
Mortgage Lender in Brooklyn Park, MN
Local expertise and competitive rates for Brooklyn Park homebuyers.
Brooklyn Park Housing Market Overview
Explore mortgage options in Brooklyn Park, MN with NMHL. Our local expertise helps you navigate the Brooklyn Park real estate market with competitive rates and personalized service.
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 Brooklyn Park
Explore mortgage options tailored to Brooklyn Park 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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Exploring Brooklyn Park's Neighborhoods
Brooklyn Park is a diverse city with a range of neighborhoods to suit different lifestyles and preferences. From the family-friendly atmosphere of Park Ridge to the vibrant community of River Gardens, there's something for everyone. Our mortgage experts can help you navigate the local real estate market and find the perfect home to fit your needs.
- River Gardens: A mix of single-family homes and townhouses, with easy access to the Mississippi River.
- Park Ridge: A family-friendly neighborhood with a range of housing options and top-rated schools.
NMHL's local expertise can help you find the best mortgage options for your Brooklyn Park home.
Mortgage Options for Brooklyn Park Homebuyers
At NMHL, we offer a range of mortgage options to suit different needs and financial situations. From conventional loans to FHA and VA loans, we can help you find the best fit for your Brooklyn Park home purchase.
Our mortgage programs include:
- Conventional Loans: Competitive rates and terms for borrowers with good credit.
- FHA Loans: Lower down payment requirements and more lenient credit scoring.
- VA Loans: Zero-down options and favorable terms for eligible veterans and service members.
Contact NMHL today to explore your mortgage options and get pre-approved for your Brooklyn Park home.
Understanding Property Taxes in Brooklyn Park
Property taxes are an important consideration for homeowners in Brooklyn Park. The city's property tax rate is around 1.23%, which is relatively competitive compared to other Twin Cities suburbs.
To help you plan for property taxes, NMHL offers:
- Property Tax Estimates: We'll help you estimate your property taxes based on your home's value and location.
- Tax-Advantaged Mortgage Products: Our mortgage experts can help you explore options for reducing your property tax burden.
NMHL can help you factor property taxes into your mortgage planning and find ways to minimize your tax liability.
First-Time Homebuyer Programs in Brooklyn Park
Brooklyn Park offers a range of programs and incentives for first-time homebuyers, including down payment assistance and mortgage financing options. NMHL is proud to partner with the Minnesota Housing Finance Agency (MHFA) to offer competitive mortgage rates and terms for first-time buyers.
Our first-time homebuyer programs include:
- MHFA Down Payment Assistance: Up to 4% of the loan amount towards down payment and closing costs.
- FHA Loans: Lower down payment requirements and more lenient credit scoring.
Contact NMHL today to explore your first-time homebuyer options and get started on your Brooklyn Park homeownership journey.
Frequently Asked Questions
Mortgage rates in Brooklyn Park vary depending on the loan program and borrower profile. At NMHL, we offer competitive rates starting from 6.5% APR for conventional loans. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers several mortgage options for first-time homebuyers in Brooklyn Park, including FHA loans with down payments as low as 3.5% and Minnesota Housing Finance Agency (MHFA) programs that provide down payment assistance. Our mortgage experts can help you navigate these options and determine the best fit for your situation.
Property taxes in Brooklyn Park are calculated based on the property's value and the local tax rate. The average effective property tax rate in Brooklyn Park is around 1.23%. NMHL can help you factor property taxes into your mortgage planning and explore options for tax-advantaged mortgage products.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our bad credit mortgage programs can help you qualify for a loan even with a credit score as low as 580. We'll work with you to identify the most suitable loan options and provide guidance on improving your credit score.
As a local mortgage lender, NMHL has in-depth knowledge of the Brooklyn Park housing market and can provide personalized service tailored to your needs. We'll guide you through the mortgage process, from pre-approval to closing, and offer competitive rates to help you achieve your homeownership goals.
Yes, NMHL partners with several organizations to offer down payment assistance programs in Brooklyn Park. Our Down Payment Advantage program can provide up to 4% of the loan amount towards down payment and closing costs. We can help you explore these options and determine the best fit for your situation.
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Ready to Buy in Brooklyn Park?
Let NMHL help you navigate the Brooklyn Park housing market with expert guidance and competitive rates.