NMHL Mortgage Lending
Mortgage Lender in Cleveland, OH
Local expertise and competitive rates for Cleveland homebuyers.
Cleveland Housing Market Overview
Explore mortgage options in Cleveland, OH with NMHL. Our local expertise helps you navigate the Cleveland 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 Cleveland
Explore mortgage options tailored to Cleveland 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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Our Presence
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Exploring Cleveland's Neighborhoods
Cleveland's diverse neighborhoods offer a range of housing options, from historic homes in Tremont to new developments in Downtown Cleveland. Popular areas like Ohio City, Gordon Square, and Lakewood offer a mix of affordability and amenities. At NMHL, we're familiar with Cleveland's neighborhoods and can help you find the right mortgage for your neighborhood of choice.
- Tremont: Known for its arts scene and historic architecture.
- Ohio City: Offers a vibrant community with easy access to downtown.
- Gordon Square: A trendy neighborhood with shops and restaurants.
NMHL's local expertise can help you navigate Cleveland's neighborhoods and find the best mortgage for your new home.
First-Time Homebuyer Programs in Ohio
Ohio offers several programs to support first-time homebuyers, including the OHFA Down Payment Assistance Program and the Ohio First-Time Homebuyer Program. These initiatives provide grants, matching funds, or reduced interest rates to help make homeownership more accessible. NMHL can help you explore these programs and determine your eligibility. Our First-Time Homebuyer Program requires as little as 3.5% down for FHA loans, making it easier to get into your first home.
Don't miss out on Ohio's first-time homebuyer programs – contact NMHL to learn more and get pre-approved for your mortgage.
Mortgage Options for Underserved Borrowers
At NMHL, we understand that not all borrowers fit the traditional mortgage mold. That's why we offer specialized mortgage programs for borrowers with bad credit, self-employed individuals, and veterans. Our bad credit mortgage programs start at 580 credit score, while our Self-Employed Mortgage Program considers alternative income verification methods. For veterans, we offer VA loans with competitive rates and zero down payment requirements.
NMHL is committed to serving Cleveland's diverse community – contact us to explore mortgage options tailored to your needs.
Understanding Cleveland's Property Tax Landscape
Cuyahoga County's property tax rates can impact your mortgage payments and overall cost of homeownership. The average effective property tax rate in Cuyahoga County is 1.41%, which translates to around $2,115 per year on a $150,000 home. NMHL can help you factor property taxes into your mortgage planning and explore options for reducing your tax burden. Our mortgage experts will work with you to find a solution that fits your financial situation.
Don't let property taxes catch you off guard – contact NMHL to discuss your mortgage options and plan for the future.
Frequently Asked Questions
Mortgage rates in Cleveland vary depending on the loan program and your borrower profile. At NMHL, we offer competitive rates starting from 6.5% APR for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers mortgage options for borrowers with less-than-perfect credit. Our bad credit mortgage programs consider alternative credit scoring models and offer more lenient credit score thresholds, starting at 580 for FHA loans. We'll work with you to explore options and find a solution that fits your financial situation.
Cuyahoga County, where Cleveland is located, has an average effective property tax rate of 1.41%. This means that on a $150,000 home, you'd pay around $2,115 per year in property taxes. NMHL can help you factor property taxes into your mortgage planning and explore options for reducing your tax burden.
Yes, Ohio offers several down payment assistance programs for first-time homebuyers, including the Ohio Housing Finance Agency's (OHFA) Down Payment Assistance Program. NMHL can help you navigate these programs and access grants or matching funds to reduce your down payment. Our First-Time Homebuyer Program requires as little as 3.5% down for FHA loans.
School districts play a significant role in determining home values in Cleveland. Top-rated districts like Cleveland Metropolitan School District's (CMSD) specialty schools can increase property values. NMHL's local expertise can help you understand how school districts affect home prices and factor this into your mortgage decision.
Yes, NMHL offers mortgage pre-approval for self-employed borrowers in Cleveland. We'll review your financial documents, including business tax returns and profit statements, to determine your income stability and mortgage eligibility. Our Self-Employed Mortgage Program considers alternative income verification methods to help you qualify for a mortgage.
Related Resources
Ready to Buy in Cleveland?
Let NMHL help you navigate the Cleveland housing market with expert guidance and competitive rates.