NMHL Mortgage Lending
Mortgage Lender in Virginia Beach, VA
Local expertise and competitive rates for Virginia Beach homebuyers.
Virginia Beach's coastal lifestyle and strong military presence make it a unique housing market. With a median home price of $340,000, buyers have a range of options from oceanfront condos to family-friendly neighborhoods. At National Mortgage Home Loans (NMHL), we understand the local market and offer specialized mortgage programs for Virginia Beach borrowers, including VA loans, bad credit mortgages, and first-time homebuyer assistance.
The Virginia Beach housing market remains stable, driven by the military community and tourism. Naval Station Norfolk and other installations in the area make VA loans a popular choice, with zero down payment options and no PMI. NMHL is well-positioned to serve these borrowers with our expertise in VA loans and other non-traditional mortgage products.
Whether you're a veteran looking to use your VA benefits or a first-time buyer seeking down payment assistance, NMHL has the knowledge and experience to guide you through the mortgage process in Virginia Beach. Our local expertise and national reach enable us to provide competitive rates and personalized service.
Virginia Beach Housing Market Overview
Virginia Beach combines coastal living with a strong military-driven economy. Naval Station Norfolk and other installations support robust VA loan usage, while tourism and a growing tech sector diversify the economic base.
Virginia Beach Neighborhoods
Popular areas for homebuyers in Virginia Beach, VA
ZIP Codes We Serve in Virginia Beach
Mortgage lending available in these Virginia Beach ZIP codes
See What You Qualify For
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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 Virginia Beach
Explore mortgage options tailored to Virginia Beach 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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Virginia Beach Neighborhoods to Consider
Virginia Beach has a diverse range of neighborhoods to suit different lifestyles and preferences. The Oceanfront area offers luxury condos and beachfront living, while Great Neck and Kempsville provide more suburban options with good schools. Sandbridge is a popular choice for families, with its beach access and relaxed atmosphere. Town Center is an up-and-coming area with a mix of new developments and amenities.
- Oceanfront: Luxury condos and beachfront living
- Great Neck: Suburban neighborhood with good schools
- Kempsville: Family-friendly area with parks and amenities
- Sandbridge: Beach access and relaxed atmosphere
- Town Center: Up-and-coming area with new developments
NMHL's local experts can help you research neighborhoods and find the best fit for your needs and budget.
Mortgage Options for Virginia Beach Borrowers
At NMHL, we offer a range of mortgage products tailored to Virginia Beach borrowers. Our VA loan experts can help veterans and active-duty personnel take advantage of zero down payment options and no PMI. We also offer bad credit mortgages and first-time homebuyer programs, including down payment assistance.
Our mortgage specialists will work with you to understand your financial situation and explore available options. We'll help you navigate the mortgage process, from pre-approval to closing, and provide personalized service throughout.
Get pre-approved today with NMHL's online pre-approval tool or by contacting our mortgage specialists.
Down Payment Assistance Programs in Virginia Beach
Virginia Beach homebuyers can access various down payment assistance programs to help with the upfront costs of purchasing a home. The Virginia Housing Development Authority (VHDA) offers down payment grants and low-interest loans. NMHL's mortgage specialists can help you explore these options and determine which programs you may be eligible for.
In addition to VHDA programs, NMHL offers our own down payment assistance options, including grants and matching funds. Our mortgage specialists will work with you to understand your needs and explore available options.
NMHL's mortgage specialists can help you navigate the down payment assistance options available in Virginia Beach.
Virginia Beach Housing Market Trends
The Virginia Beach housing market remains stable, driven by the military community and tourism. Naval Station Norfolk and other installations in the area make VA loans a popular choice, with zero down payment options and no PMI. The local economy is also diversifying, with a growing tech sector and new businesses.
Home prices in Virginia Beach are moderate for an East Coast beach city, with a median home price of $340,000. NMHL's local experts can help you understand the current market trends and make informed decisions about your mortgage options.
Stay ahead of the curve with NMHL's market insights and mortgage expertise.
Frequently Asked Questions
Virginia Beach's average property tax rate is 0.87%. While this is relatively moderate, it's essential to factor property taxes into your mortgage calculations. NMHL's mortgage specialists can help you understand how property taxes impact your monthly payments and overall homeownership costs.
Virginia Beach City Public Schools serve the area, with several highly-rated schools and programs. Homebuyers often prioritize neighborhoods near top-rated schools, which can impact home values. NMHL's local experts can help you navigate the school districts and their effect on local housing markets.
Yes, Virginia Beach homebuyers can access various down payment assistance programs. The Virginia Housing Development Authority (VHDA) offers down payment grants and low-interest loans. NMHL's mortgage specialists can help you explore these options and determine which programs you may be eligible for.
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 specialists will work with you to understand your credit situation and explore available options, including subprime mortgage products and credit repair strategies.
Virginia Beach has many desirable neighborhoods, including the Oceanfront, Great Neck, Kempsville, Sandbridge, and Town Center. Each area has its unique character and advantages. NMHL's local experts can help you research neighborhoods and find the best fit for your needs and budget.
Getting started is easy. You can begin by contacting NMHL to speak with a mortgage specialist or by using our online pre-approval tool. We'll guide you through the process, from pre-approval to closing, and help you explore available mortgage options, including VA loans and down payment assistance programs.
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Let NMHL help you navigate the Virginia Beach housing market with expert guidance and competitive rates.