NMHL Mortgage Lending
Mortgage Lender in Asheville, NC
Local expertise and competitive rates for Asheville homebuyers.
Asheville Housing Market Overview
Explore mortgage options in Asheville, NC with NMHL. Our local expertise helps you navigate the Asheville 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 Asheville
Explore mortgage options tailored to Asheville 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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Understanding Asheville's Housing Market
Asheville's housing market is characterized by a mix of old and new homes, with a growing demand for housing in desirable neighborhoods like the River Arts District and Montford. The median home price is around $420,000, with prices varying depending on factors like property type, size, and condition. NMHL's local expertise helps borrowers navigate this complex market and find the right mortgage solution.
Some of the key trends shaping Asheville's housing market include:
- Increasing demand for housing in urban areas
- Growing popularity of neighborhoods like West Asheville and South Slope
- Rising home prices, driven by limited inventory and high demand
Contact NMHL to learn more about Asheville's housing market and get pre-approved for a mortgage.
NMHL Mortgage Programs for Asheville Borrowers
At NMHL, we offer a range of mortgage programs designed to help Asheville borrowers achieve their homeownership goals. Our programs include:
- FHA loans, with down payments as low as 3.5%
- VA loans, with zero-down options for eligible veterans
- Conventional loans, with competitive rates and flexible underwriting
- Jumbo loans, for borrowers needing larger loan amounts
Our mortgage experts will work with you to determine the best program for your situation and provide personalized guidance throughout the application process.
Get started with NMHL today and explore your mortgage options in Asheville.
Down Payment Assistance in Asheville, NC
Down payment assistance programs can help Asheville homebuyers overcome one of the biggest hurdles to homeownership: saving for a down payment. North Carolina offers several down payment assistance programs, including the NC Home Advantage Mortgage, which provides up to $8,000 in assistance. NMHL can help you explore these programs and determine the best fit for your situation.
Some of the benefits of down payment assistance programs include:
- Lower upfront costs
- Increased purchasing power
- More affordable mortgage payments
Contact NMHL to learn more about down payment assistance programs in Asheville and get pre-approved for a mortgage.
Asheville Neighborhoods and Communities
Asheville is known for its vibrant neighborhoods, each with its own unique character and charm. From the arts scene in the River Arts District to the historic homes in Montford, there's something for everyone in Asheville. Some of the city's most popular neighborhoods include:
- Downtown Asheville, with its mix of old and new buildings
- West Asheville, with its eclectic shops and restaurants
- South Slope, with its growing community of young professionals
NMHL can help you explore mortgage options in these and other Asheville neighborhoods.
Get to know Asheville's neighborhoods with NMHL's expert guidance.
Frequently Asked Questions
Asheville's popular neighborhoods include the River Arts District, Downtown Asheville, Montford, and West Asheville. Each area offers a unique character and charm, with varying home prices and amenities. NMHL can help you explore mortgage options tailored to your chosen neighborhood.
Asheville property taxes are calculated based on the Buncombe County tax rate, which is approximately 0.69%. Homebuyers should also consider the impact of local tax rates on their mortgage payments and overall cost of homeownership. NMHL can provide guidance on how property taxes affect your mortgage.
NMHL offers a range of mortgage programs designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans. Our programs feature flexible underwriting, competitive rates, and down payment assistance options. Contact us to learn more about our Asheville mortgage solutions.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our experts will work with you to determine the best course of action and provide personalized pre-approval guidance. We consider factors beyond credit scores, such as income and debt-to-income ratio, to help you qualify for a mortgage.
Asheville homebuyers can take advantage of North Carolina's first-time homebuyer programs, including the NC Home Advantage Mortgage, which offers up to $8,000 in down payment assistance. NMHL can help you navigate these programs and determine the best fit for your situation.
Asheville is served by the Buncombe County Schools district, which includes several highly-rated schools. Homebuyers often prioritize areas with top-performing schools, as they can positively impact property values and resale potential. NMHL can provide insights on how school districts affect home prices in Asheville.
Related Resources
Ready to Buy in Asheville?
Let NMHL help you navigate the Asheville housing market with expert guidance and competitive rates.