NMHL Mortgage Lending
Mortgage Lender in Fargo, ND
Local expertise and competitive rates for Fargo homebuyers.
Fargo, North Dakota's largest city, is experiencing rapid growth driven by its thriving tech industry, three universities, and cultural attractions. The median home price is $290,000, making it an attractive market for homebuyers. At National Mortgage Home Loans (NMHL), we understand the unique challenges faced by borrowers in Fargo, including those with bad credit, self-employed individuals, and first-time homebuyers. Our specialized mortgage programs are designed to help these underserved groups achieve their homeownership goals.
With a diverse economy and low unemployment, Fargo's housing market is robust. NMHL's local expertise and range of mortgage products make us the ideal partner for navigating this market. Our NMHL pre-approval process is quick and straightforward, giving you a clear understanding of your borrowing power.
Whether you're looking to purchase a home in Downtown Fargo, Osgood, or Davies, NMHL is here to guide you through the mortgage process. Our team is knowledgeable about local neighborhoods, property tax rates, and school districts, ensuring you make an informed decision.
Fargo Housing Market Overview
Fargo is North Dakota's largest city and one of the fastest-growing metros in the upper Midwest. The city has a thriving tech startup scene, three universities, and a vibrant cultural life that defies its cold-weather reputation.
Fargo Neighborhoods
Popular areas for homebuyers in Fargo, ND
ZIP Codes We Serve in Fargo
Mortgage lending available in these Fargo ZIP codes
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 Fargo
Explore mortgage options tailored to Fargo 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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Fargo Neighborhoods: Where to Buy
Fargo has a range of neighborhoods to suit different lifestyles and preferences. Downtown Fargo is perfect for young professionals, with its vibrant nightlife and easy access to amenities. Families may prefer the Osgood or Davies neighborhoods, which offer a mix of older and newer homes, excellent schools, and community parks.
- Downtown Fargo: Revitalized area with new condos and apartments, restaurants, and entertainment.
- Osgood: Charming older homes, tree-lined streets, and proximity to NDSU.
- Davies: Family-friendly neighborhood with newer homes, parks, and highly rated schools.
Ready to explore mortgage options in Fargo? Contact NMHL today to get pre-approved and take the first step towards homeownership.
Understanding Property Taxes in Fargo
As a homeowner in Fargo, you'll need to factor property taxes into your overall cost of homeownership. The average property tax rate in Fargo is 0.98%, which is relatively low compared to other parts of the country. However, property taxes can vary depending on the location and value of your home.
NMHL can help you understand how property taxes will impact your mortgage payments and overall cost of homeownership. Our experienced mortgage professionals will work with you to determine the best mortgage product for your situation.
Don't let property taxes catch you off guard. Contact NMHL to discuss your mortgage options and get a clear understanding of your costs.
First-Time Homebuyer Programs in North Dakota
If you're a first-time homebuyer in North Dakota, there are several programs available to help you achieve your homeownership goals. The North Dakota Housing Finance Agency (NDHFA) offers the FirstHome program, which provides up to $5,000 in down payment assistance. NMHL also offers specialized mortgage products for first-time homebuyers, including our NMHL First-Time Buyer program.
Our experienced mortgage professionals will work with you to determine the best mortgage product for your situation and help you navigate the application process.
Ready to take advantage of first-time homebuyer programs in North Dakota? Contact NMHL today to get started.
Mortgage Options for Underserved Borrowers in Fargo
At NMHL, we understand that not all borrowers fit the traditional mortgage mold. That's why we offer specialized mortgage programs for underserved borrowers, including those with bad credit, self-employed individuals, and veterans. Our NMHL Credit Rebuild program is designed to help borrowers with less-than-perfect credit, while our NMHL Self-Employed program offers flexible income verification options.
Our experienced mortgage professionals will work with you to determine the best mortgage product for your situation and help you navigate the application process.
Don't let credit challenges or self-employment status hold you back from achieving your homeownership goals. Contact NMHL today to explore our mortgage options for underserved borrowers.
Frequently Asked Questions
Fargo's average property tax rate is 0.98%, which is relatively low compared to other parts of the country. This means that homeowners in Fargo can expect to pay around $2,842 per year in property taxes on a $290,000 home. It's essential to factor this into your overall cost of homeownership.
Fargo's school districts play a significant role in determining home values. The Fargo Public Schools district is highly rated, with several schools receiving top marks from the North Dakota Department of Public Instruction. Homes located within highly rated school districts tend to command higher prices and appreciate in value over time.
The North Dakota Housing Finance Agency (NDHFA) offers several programs for first-time homebuyers, including the FirstHome program, which provides up to $5,000 in down payment assistance. NMHL also offers specialized mortgage products for first-time homebuyers, including our <strong>NMHL First-Time Buyer</strong> program, which features competitive interest rates and lower down payment requirements.
While having bad credit can make it more challenging to secure a mortgage, NMHL offers programs designed to help borrowers with less-than-perfect credit. Our <strong>NMHL Credit Rebuild</strong> program is specifically designed for borrowers who have experienced financial difficulties in the past. We consider alternative credit scoring models and offer personalized guidance to help you navigate the mortgage process.
NMHL offers several down payment assistance programs, including our <strong>NMHL Down Payment Assistance</strong> program, which provides up to 3.5% of the home's purchase price in assistance. Additionally, the City of Fargo and Cass County offer down payment assistance programs for qualified homebuyers. We can help you explore these options and determine the best fit for your situation.
Getting pre-approved for a mortgage with NMHL is easy. Simply contact one of our experienced mortgage professionals and provide some basic financial information. We'll review your credit report and provide a pre-approval letter stating the amount you're qualified to borrow. This letter is typically valid for 30 days and gives you a clear understanding of your borrowing power.
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Ready to Buy in Fargo?
Let NMHL help you navigate the Fargo housing market with expert guidance and competitive rates.