NMHL Mortgage Lending
Mortgage Lender in Fairmont, WV
Local expertise and competitive rates for Fairmont homebuyers.
Fairmont Housing Market Overview
Explore mortgage options in Fairmont, WV with NMHL. Our local expertise helps you navigate the Fairmont 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 Fairmont
Explore mortgage options tailored to Fairmont 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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Fairmont's Thriving Housing Market
Fairmont's housing market is experiencing a resurgence, driven by its rich history, scenic beauty, and growing amenities. The median home price is around $140,000, making it an attractive option for first-time homebuyers and investors. NMHL's local expertise helps you navigate this market with competitive rates and personalized service.
Popular neighborhoods include Downtown Fairmont, with its historic homes and vibrant community, and Palatine, known for its scenic views and family-friendly atmosphere.
Contact NMHL today to explore your mortgage options in Fairmont and take advantage of the city's growing housing market.
Mortgage Programs for Fairmont Borrowers
At NMHL, we offer a range of mortgage programs tailored to the needs of Fairmont borrowers. Our FHA loans allow credit scores as low as 580 with a 3.5% down payment, while our VA loans offer zero-down financing for eligible veterans. We also offer conventional loans with competitive rates and terms.
- FHA Loans: 3.5% down, credit scores as low as 580
- VA Loans: Zero-down financing for eligible veterans
- Conventional Loans: Competitive rates and terms
NMHL's mortgage programs are designed to help you achieve your homeownership goals in Fairmont.
Down Payment Assistance in Fairmont
West Virginia offers several down payment assistance programs that can be used in Fairmont. The West Virginia Housing Development Fund's Homeownership Program provides up to 4% of the home's purchase price in down payment assistance. NMHL can help you navigate these programs and determine your eligibility.
Our team is dedicated to helping you find the right mortgage solution for your needs.
Contact NMHL to learn more about down payment assistance programs in Fairmont and how they can help you achieve your homeownership goals.
Fairmont's School Districts and Home Values
Fairmont is served by the Marion County School District, which includes several highly-rated schools. The quality of local schools can have a significant impact on home values, with homes in highly-rated districts typically commanding higher prices. NMHL is familiar with the local real estate market and can help you understand how school districts affect home values in Fairmont.
NMHL's local expertise can help you navigate the complex relationship between school districts and home values in Fairmont.
Frequently Asked Questions
Mortgage rates in Fairmont vary based on the type of loan and your borrower profile. At NMHL, we offer competitive rates starting from 6.5% APR for conventional loans. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers mortgage programs for borrowers with less-than-perfect credit. Our FHA loans, for example, allow credit scores as low as 580 with a 3.5% down payment. We also consider alternative credit scoring models to help qualify borrowers with non-traditional credit histories.
The average effective property tax rate in Marion County, where Fairmont is located, is 0.55%. This means that on a $140,000 home, you can expect to pay around $770 per year in property taxes. NMHL can help you factor these costs into your mortgage planning.
Yes, West Virginia offers several down payment assistance programs that can be used in Fairmont. The West Virginia Housing Development Fund's Homeownership Program provides up to 4% of the home's purchase price in down payment assistance. NMHL can help you navigate these programs and determine your eligibility.
Getting pre-approved for a mortgage with NMHL is easy. Simply contact us to schedule a consultation, and we'll review your financial situation and provide a pre-approval letter. Our pre-approval process typically takes less than 24 hours, and we offer a range of mortgage programs to fit your needs.
Fairmont has a range of charming neighborhoods, including Downtown Fairmont, Palatine, and East Fairmont. Each area has its unique character and advantages. NMHL is familiar with the local real estate market and can help you find the perfect home to fit your lifestyle and budget.
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Ready to Buy in Fairmont?
Let NMHL help you navigate the Fairmont housing market with expert guidance and competitive rates.