NMHL Mortgage Lending
Mortgage Lender in Allentown, PA
Local expertise and competitive rates for Allentown homebuyers.
Allentown Housing Market Overview
Explore mortgage options in Allentown, PA with NMHL. Our local expertise helps you navigate the Allentown 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 Allentown
Explore mortgage options tailored to Allentown 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
Learn MoreWhat Our Clients Say
Real reviews from Google — no cherry-picking
Our Presence
Click on endorsed states to see our direct resources!
Understanding Allentown's Housing Market
The Allentown housing market is characterized by a mix of older and newer homes, with many properties undergoing renovation and revitalization. Neighborhoods like Downtown Allentown, West End, and South Side are popular among homebuyers and renters alike. As a borrower, it's essential to understand local market trends, including the median home price of $220,000 and the average days on market.
NMHL's local expertise can help you navigate the Allentown market and identify opportunities that fit your budget and goals.
Get pre-approved for a mortgage with NMHL and take advantage of Allentown's competitive housing market.
First-Time Homebuyer Programs in Pennsylvania
Pennsylvania offers several programs designed to help first-time homebuyers, including the PHFA's Keystone Home Loan Program. These programs provide financial assistance, education, and counseling to help you achieve homeownership. NMHL can help you explore these options and determine your eligibility.
- Keystone Home Loan Program: Offers competitive interest rates and down payment assistance
- Keystone Advantage Assistance Loan Program: Provides financial assistance for down payments and closing costs
Contact NMHL to learn more about first-time homebuyer programs in Pennsylvania and get started on your homeownership journey.
NMHL Mortgage Programs for Allentown Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the diverse needs of Allentown borrowers. Our programs include FHA, VA, USDA, conventional, and jumbo loans, as well as specialty loans for borrowers with unique circumstances.
Our experts can help you explore these options and determine the best fit for your financial situation and goals.
Get pre-approved for a mortgage with NMHL and discover the benefits of our personalized service and competitive rates.
Neighborhood Spotlight: Downtown Allentown
Downtown Allentown is a vibrant and rapidly evolving neighborhood, with a mix of historic and modern homes, apartments, and commercial spaces. The area is experiencing significant revitalization, with new developments and amenities emerging.
NMHL's local expertise can help you understand the opportunities and challenges of buying a home in Downtown Allentown.
Contact NMHL to learn more about mortgage options in Downtown Allentown and get expert guidance on navigating the local market.
Frequently Asked Questions
Mortgage rates in Allentown vary depending on the loan program and your credit profile. At NMHL, we're currently offering 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.
While bad credit can present challenges, NMHL offers mortgage programs designed for borrowers with less-than-perfect credit. We consider factors beyond credit scores, such as income, employment history, and debt-to-income ratio. Our experts can help you explore options like FHA loans, which allow credit scores as low as 580 with a 3.5% down payment.
Allentown's average effective property tax rate is around 1.25%, which is slightly higher than the statewide average. The Lehigh County Assessment Office determines property values, and tax rates vary depending on the municipality and school district. NMHL can help you factor property taxes into your mortgage planning.
Yes, Pennsylvania offers several down payment assistance programs that can be used in Allentown. The Pennsylvania Housing Finance Agency (PHFA) offers programs like the Keystone Home Loan Program and the Keystone Advantage Assistance Loan Program, which provide financial assistance for down payments and closing costs. NMHL can help you explore these options and determine your eligibility.
School districts play a significant role in determining home values in Allentown. The Allentown School District serves the city, and highly-rated schools like Louis E. Dieruff High School and Harrison Mortgage District Elementary School can increase property values. NMHL's local expertise can help you understand how school districts impact your home's value and mortgage financing.
Yes, NMHL offers mortgage pre-approval for self-employed borrowers in Allentown. We understand that self-employed income can be complex, and our experts will work with you to gather the necessary documentation, such as business tax returns and financial statements, to determine your mortgage eligibility.
Related Resources
Ready to Buy in Allentown?
Let NMHL help you navigate the Allentown housing market with expert guidance and competitive rates.