NMHL Mortgage Lending
Mortgage Lender in Bellingham, WA
Local expertise and competitive rates for Bellingham homebuyers.
Bellingham Housing Market Overview
Explore mortgage options in Bellingham, WA with NMHL. Our local expertise helps you navigate the Bellingham 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 Bellingham
Explore mortgage options tailored to Bellingham 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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Understanding Bellingham's Housing Market
Bellingham's housing market is characterized by a mix of older homes and newer developments, with a growing trend towards more affordable housing options. The city's proximity to nature and outdoor recreational opportunities make it a popular destination for both young professionals and families.
The median home price in Bellingham is around $430,000, although prices can vary significantly depending on the neighborhood and property type. For example, homes in the Fairhaven neighborhood tend to be older and more affordable, while those in the Edgemoor area are often newer and more luxurious.
NMHL's local expertise can help you navigate Bellingham's complex housing market and find the right mortgage solution for your needs.
NMHL Mortgage Programs for Bellingham Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Bellingham borrowers. Our programs include FHA loans, VA loans for veterans, and down payment assistance options to help you achieve your homeownership goals.
- FHA Loans: As low as 3.5% down payment
- VA Loans: $0 down payment option for eligible veterans
- Down Payment Assistance: Up to 4% assistance through the Washington State Housing Finance Commission's Home Advantage program
Contact NMHL today to explore your mortgage options and get pre-approved for your dream home in Bellingham.
Bellingham Neighborhoods and Home Values
Bellingham's various neighborhoods offer distinct character and advantages, which can impact home values and mortgage options. For example, homes in the Columbia neighborhood tend to be family-friendly and have access to good schools, while those in the Fairhaven area are often more affordable and within walking distance to amenities.
The quality of local school districts can also impact home values. Bellingham is served by the Bellingham School District, which has several highly-rated schools in the area.
Our mortgage experts can help you understand how different neighborhoods and school districts might impact your mortgage options and long-term home value.
Down Payment Assistance in Bellingham, WA
Down payment assistance programs can be a valuable resource for Bellingham homebuyers, helping to make homeownership more accessible and affordable. The Washington State Housing Finance Commission's Home Advantage program is one option available to borrowers in Bellingham, providing up to 4% in down payment assistance.
NMHL is an approved lender for these programs and can guide you through the application process. Our experts can also help you understand the eligibility requirements and potential benefits of down payment assistance.
Don't let a lack of down payment hold you back from achieving your homeownership goals. Contact NMHL to explore your down payment assistance options in Bellingham.
Frequently Asked Questions
Mortgage rates in Bellingham vary based on the type of loan, your credit profile, and other factors. At NMHL, we're currently offering competitive rates starting at 6.5% APR for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss your mortgage options.
Bellingham has several desirable neighborhoods, including the historic Fairhaven district, the family-friendly Columbia neighborhood, and the scenic Edgemoor area. Each neighborhood has its unique character and advantages. Our mortgage experts can help you understand how different neighborhoods might impact your mortgage options and home value.
Bellingham, like the rest of Whatcom County, has a relatively moderate property tax rate, with an average effective tax rate of 0.73%. This means that on a $400,000 home, you could pay around $2,920 per year in property taxes. NMHL can help you factor property taxes into your mortgage planning and explore options for tax-advantaged mortgage products.
Washington state offers several programs for first-time homebuyers, including the Washington State Housing Finance Commission's Home Advantage program, which provides up to 4% in down payment assistance. NMHL is an approved lender for these programs and can guide you through the application process.
While having bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our experts can help you understand your options and potentially improve your credit score to qualify for better loan terms.
As a self-employed borrower, you'll typically need to provide additional financial documentation, such as business tax returns, financial statements, and proof of income. NMHL's experienced mortgage team is familiar with the unique needs of self-employed borrowers and can help you navigate the required documentation.
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Ready to Buy in Bellingham?
Let NMHL help you navigate the Bellingham housing market with expert guidance and competitive rates.