Mortgage rates in Raleigh vary depending on the type of loan, your credit score, and other factors. At NMHL, we offer competitive rates starting from 6.5% APR for a 30-year fixed conventional loan. For the most up-to-date rates and to get pre-approved, contact us for a personalized quote. Our mortgage experts can help you navigate the options and find the best rate for your situation.

North Carolina offers several down payment assistance programs for first-time homebuyers, including the NC Home Advantage Mortgage, which provides up to 5% of the home's purchase price in down payment assistance. NMHL participates in this program and can help you determine if you're eligible. Additionally, the City of Raleigh and Wake County offer their own assistance programs, such as the Wake County Homeownership Program, which provides up to $20,000 in down payment assistance.

Property taxes in Raleigh are calculated based on the home's value and the local tax rate. Wake County's property tax rate is approximately 0.59%. This means that on a $400,000 home, the annual property tax would be around $2,360. NMHL can help you factor property taxes into your mortgage planning and provide guidance on how to manage these costs.

Raleigh has a diverse range of neighborhoods, each with its own character. Popular areas include North Raleigh, known for its newer developments and family-friendly atmosphere; downtown Raleigh, which offers a mix of condos and townhomes; and established neighborhoods like Oakwood and Glenwood-Brooklyn, which feature historic homes. NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your chosen area.

While having bad credit can make it more challenging to secure a mortgage, it's not impossible. NMHL offers specialized mortgage programs for borrowers with less-than-perfect credit. Our 'Credit Rebuild' program is designed to help borrowers improve their credit score over time, making them more eligible for better mortgage rates. We consider factors beyond just credit score, such as income stability and debt-to-income ratio, to provide more comprehensive mortgage solutions.

NMHL offers VA loans, which provide favorable terms for veterans, including lower interest rates and lower or no down payment requirements. Our 'Veterans Advantage' program offers additional benefits, such as reduced closing costs and streamlined processing. We also work with local VA-approved lenders to ensure you receive the best possible service. Contact us to learn more about how we can help you achieve your homeownership goals with your VA benefits.