NMHL Mortgage Lending
Mortgage Lender in Franklin, TN
Local expertise and competitive rates for Franklin homebuyers.
Franklin Housing Market Overview
Explore mortgage options in Franklin, TN with NMHL. Our local expertise helps you navigate the Franklin 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 Franklin
Explore mortgage options tailored to Franklin 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
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Understanding Franklin's Housing Market
Franklin's housing market is characterized by a mix of historic homes, new constructions, and upscale developments. The city's strong economy, driven by healthcare, technology, and manufacturing, has attracted new residents and fueled housing demand. As a result, home prices have risen steadily, with the median home price reaching $525,000 in 2023.
The city's popular neighborhoods, such as the Historic District and Cool Springs, offer a range of housing options, from charming antebellum homes to modern luxury developments. NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your new home.
Contact NMHL today to discuss your mortgage options and get pre-approved for your dream home in Franklin.
Mortgage Programs for Franklin Borrowers
NMHL offers a range of mortgage programs tailored to the needs of Franklin borrowers, including:
- FHA loans with down payments as low as 3.5%
- VA loans with zero-down options for eligible veterans
- Jumbo mortgages for high-end homes
- Specialty programs for self-employed individuals and those with non-traditional income
Our mortgage experts can help you determine the best program for your situation and guide you through the pre-approval process.
Get started with NMHL today and take the first step towards homeownership in Franklin.
Property Taxes and Insurance in Franklin
As a homeowner in Franklin, you'll need to consider property taxes and insurance when budgeting for your new home. The average effective property tax rate in Franklin is 0.69%, which is slightly higher than the state average. Homeowners can expect to pay around $3,600 per year in property taxes on a $525,000 home.
NMHL can help you factor property taxes and insurance into your mortgage planning, ensuring you're prepared for the total cost of homeownership.
Contact NMHL to discuss your mortgage options and get a personalized quote.
School Districts and Home Values in Franklin
Franklin is served by the Williamson County School District, which is highly rated and consistently ranked among the top school districts in Tennessee. The district's strong reputation and academic performance can positively impact home values in the area.
NMHL's local expertise can help you understand how school districts affect home values in Franklin and find the best mortgage options for your new home.
Get pre-approved with NMHL today and take advantage of the competitive mortgage rates available in Franklin.
Frequently Asked Questions
Mortgage rates in Franklin vary depending on the loan program, credit score, and other factors. As a general guideline, NMHL offers conventional loan rates starting at 6.5% APR, while FHA and VA loan rates begin at 6.25% APR. For a personalized rate quote, contact NMHL today to speak with a licensed mortgage professional.
NMHL offers several mortgage programs suitable for first-time homebuyers in Franklin, including FHA loans with down payments as low as 3.5% and VA loans with zero-down options for eligible veterans. Our mortgage experts can help you determine the best program for your situation and guide you through the pre-approval process.
Property taxes in Franklin are assessed by the Williamson County Assessor's Office. The average effective property tax rate in Franklin is 0.69%, which is slightly higher than the state average. Homeowners can expect to pay around $3,600 per year in property taxes on a $525,000 home. NMHL can help you factor property taxes into your mortgage planning.
Franklin's popular neighborhoods include the Historic District, Cool Springs, and Harlinsdale. The Historic District offers charming antebellum homes and tree-lined streets, while Cool Springs features modern amenities and upscale living. Harlinsdale is known for its family-friendly atmosphere and excellent schools. NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your new home.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized programs for borrowers with less-than-perfect credit. Our mortgage experts can help you explore options like FHA loans, which allow credit scores as low as 580, or subprime mortgage programs for more complex situations. Contact NMHL to discuss your credit situation and determine the best course of action.
Tennessee offers several down payment assistance programs that can be used in conjunction with NMHL mortgages. The Tennessee Housing Development Agency (THDA) provides up to $10,000 in down payment assistance for eligible homebuyers. NMHL's mortgage professionals can help you navigate these programs and determine the best option for your situation.
Related Resources
Ready to Buy in Franklin?
Let NMHL help you navigate the Franklin housing market with expert guidance and competitive rates.