The Knoxville housing market is characterized by its affordability and steady growth. With a median home price of $305,000, the city offers a range of housing options, from historic homes in Old City to modern developments in West Knoxville. The market is influenced by major employers, including the University of Tennessee and Oak Ridge National Laboratory, which attract professionals and families.

Popular neighborhoods like Sequoyah Hills and Bearden offer a mix of housing styles, from traditional to contemporary. These areas are known for their excellent schools, community amenities, and proximity to downtown Knoxville. NMHL can provide insights into the local market trends and help you find the right mortgage solution for your needs.

At NMHL, we offer a range of mortgage programs tailored to meet the needs of Knoxville borrowers. Our options include conventional loans, FHA loans, VA loans, and USDA loans. We also offer down payment assistance programs to help with upfront costs. Our team is experienced in working with borrowers who have bad credit, are self-employed, or have other unique financial situations.

• First-Time Homebuyer Programs: We offer specialized programs for first-time homebuyers, including down payment assistance and competitive interest rates.
• Veteran Loans: We provide VA loans with favorable terms, including zero-down-payment options, for eligible veterans.
• USDA Loans: Our USDA loan programs offer zero-down-payment options and competitive interest rates for borrowers purchasing homes in eligible areas.

Property taxes in Knoxville are relatively low, with an average rate of 0.72%. However, it's essential to factor property taxes into your overall homeownership costs. NMHL can help you understand how property taxes impact your mortgage payments and overall affordability. Additionally, we'll guide you through the process of securing homeowners insurance, which is typically required as part of your mortgage agreement.

Knox County also offers various tax relief programs for eligible homeowners, such as the Tax Freeze program for seniors and disabled individuals. NMHL can provide information on these programs and help you determine if you're eligible.

Ready to start your mortgage journey in Knoxville? NMHL is here to guide you every step of the way. Our team is committed to providing personalized service and expert knowledge of the local market. We offer a range of tools and resources to help you navigate the mortgage process, from pre-approval to closing.

Contact us today to discuss your mortgage needs and learn more about our programs and services. We're here to help you achieve your homeownership goals in Knoxville.