Olive Branch is a growing community in Mississippi, with a thriving housing market. The median home price is around $275,000, with prices varying by neighborhood and property type. The local economy is driven by a mix of industries, including healthcare, education, and retail. This diverse economy contributes to a stable housing market with a range of mortgage options available.

Some popular neighborhoods in Olive Branch include Copperfield, Autumn Ridge, and Hidden Valley. These neighborhoods offer a range of housing options, from starter homes to luxury properties. When buying a home in Olive Branch, consider factors like commute times, school districts, and local amenities to find the best fit for your lifestyle.

Property taxes in Olive Branch average approximately 0.72% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $275,000 home, you can expect to pay around $1,980 in property taxes per year. It's essential to consider property taxes when calculating your mortgage costs and to factor them into your overall homeownership expenses.

Mississippi also offers a homestead exemption, which can provide additional tax savings for homeowners. The exemption reduces the taxable value of your primary residence, resulting in lower property taxes. Contact NMHL to learn more about property tax considerations and to get pre-approved for a mortgage.

Olive Branch is served by the highly-rated Olive Branch School District, which includes Olive Branch High School, Olive Branch Middle School, and several elementary schools. The district has a strong reputation for academic excellence, with several schools receiving top ratings from the Mississippi Department of Education. When buying a home in Olive Branch, consider the school district and its impact on home values and resale potential.

A good school district can be a significant factor in determining property values and long-term investment potential. Homes in highly-rated school districts tend to appreciate in value over time, making them a smart investment for homeowners. Contact NMHL to learn more about the Olive Branch School District and to get pre-approved for a mortgage.

Mississippi offers several first-time homebuyer programs, including the Mississippi Homebuyer Program, which provides down payment assistance and competitive interest rates. NMHL also offers a range of programs for first-time buyers, including FHA loans with down payments as low as 3.5% and VA loans with no down payment requirement.

To qualify for these programs, borrowers typically need to meet certain income and credit score requirements. For example, the Mississippi Homebuyer Program requires a minimum credit score of 640 and a maximum income of $80,000. Contact NMHL to learn more about these programs and to get pre-approved for a mortgage.

At NMHL, we understand that not all borrowers have a perfect credit history or a traditional income. That's why we offer a range of programs for underserved borrowers, including bad credit mortgages, self-employed loan programs, and VA loans for veterans.

Our bad credit mortgage program allows borrowers with credit scores as low as 580 to qualify for an FHA loan with a down payment as low as 3.5%. Our self-employed loan program offers a range of options for borrowers who are self-employed or have non-traditional income. Contact NMHL to learn more about these programs and to get pre-approved for a mortgage.