Richmond is home to a diverse range of neighborhoods, each with its own unique character and charm. From the historic homes of Church Hill to the vibrant cultural scene of The Fan, there's something for every type of homebuyer in Richmond. At NMHL, we can help you explore these neighborhoods and find the right home for your needs and budget.

• Church Hill: Known for its historic homes and stunning views of the city, Church Hill is a popular neighborhood for homebuyers who want to be close to downtown Richmond.
• The Fan: This vibrant neighborhood is home to a mix of older and newer homes, as well as a thriving cultural scene. It's a great option for homebuyers who want to be close to the action.
• Scott's Addition: This up-and-coming neighborhood is home to a mix of old and new homes, as well as a range of restaurants, bars, and shops. It's a great option for homebuyers who want to be part of a vibrant and growing community.

At NMHL, we offer a range of mortgage products and programs designed to meet the unique needs of Richmond homebuyers. From FHA loans to VA loans, we can help you find the right loan for your situation. We also offer down payment assistance programs and other resources to help make homeownership more accessible.

Some of the mortgage options we offer include:

• FHA loans: These loans offer flexible credit scoring and lower down payment requirements, making them a great option for first-time homebuyers or those with less-than-perfect credit.
• VA loans: These loans offer zero-down financing and lower interest rates for eligible veterans and military personnel.
• USDA loans: These loans offer zero-down financing and lower interest rates for homebuyers who purchase homes in rural areas.

Working with a local mortgage lender like NMHL can provide a range of benefits, including personalized service, local market expertise, and a streamlined mortgage process. At NMHL, we understand the Richmond market and can guide you through the home buying process, from pre-approval to closing.

Some of the benefits of working with a local mortgage lender include:

• Personalized service: We take the time to get to know you and understand your unique needs and goals.
• Local market expertise: We have extensive knowledge of the Richmond real estate market and can guide you through the process of finding and financing a home.
• Streamlined mortgage process: We can guide you through the mortgage process quickly and efficiently, so you can get into your new home as soon as possible.

At NMHL, we offer a range of down payment assistance programs designed to help make homeownership more accessible for Richmond homebuyers. These programs can provide eligible borrowers with thousands of dollars in down payment assistance, making it easier to purchase a home in Richmond.

Some of the down payment assistance programs we offer include:

• The Virginia Housing Development Authority (VHDA) Down Payment Assistance Grant: This program provides eligible borrowers with up to 2.5% of the purchase price of the home in down payment assistance.
• The National Mortgage Home Loans (NMHL) Down Payment Assistance Program: This program provides eligible borrowers with up to 3% of the purchase price of the home in down payment assistance.

The Richmond real estate market is characterized by a mix of revitalized neighborhoods, such as The Fan and Scott's Addition, and more established areas like Short Pump and Carytown. With a diverse economy anchored by finance, healthcare, and state government, Richmond offers a stable and growing job market, making it an attractive option for homebuyers.

Some of the current market trends in Richmond include:

• A strong demand for homes in the $200,000 to $400,000 price range.
• A growing trend towards urban living, with many homebuyers seeking homes in walkable neighborhoods like The Fan and Church Hill.
• A limited supply of homes for sale, particularly in the lower price ranges, which can make it challenging for homebuyers to find the right home.

At NMHL, we're committed to providing mortgage options for underserved borrowers, including those with bad credit, self-employed individuals, first-time buyers, veterans, and those recovering from financial hardship. We offer a range of programs and products designed to meet the unique needs of these borrowers, including FHA loans, VA loans, and USDA loans.

Some of the programs we offer for underserved borrowers include:

• FHA loans: These loans offer flexible credit scoring and lower down payment requirements, making them a great option for first-time homebuyers or those with less-than-perfect credit.
• VA loans: These loans offer zero-down financing and lower interest rates for eligible veterans and military personnel.
• USDA loans: These loans offer zero-down financing and lower interest rates for homebuyers who purchase homes in rural areas.