NMHL Mortgage Lending
Mortgage Lender in Madison, WI
Local expertise and competitive rates for Madison homebuyers.
Madison Housing Market Overview
Explore mortgage options in Madison, WI with NMHL. Our local expertise helps you navigate the Madison 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 Madison
Explore mortgage options tailored to Madison 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
Learn MoreWhat Our Clients Say
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Our Presence
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Understanding Madison's Local Housing Market
Madison's housing market is characterized by a mix of older and newer homes, with a strong demand for properties in desirable neighborhoods. The median home price is around $340,000, with prices varying depending on factors like location, size, and condition. NMHL's local market expertise helps you navigate these trends and find the right mortgage for your situation.
Some of the most sought-after neighborhoods include:
- Downtown Madison, with its vibrant cultural scene and walkability
- University Heights, popular with students and young professionals
- Atwood Neighborhood, known for its charming homes and community events
NMHL's local expertise can help you find the right mortgage for your Madison home purchase or refinance.
NMHL Mortgage Programs for Madison Borrowers
At NMHL, we offer a range of mortgage programs tailored to Madison borrowers' needs. Our options include:
- FHA loans, with down payments as low as 3.5%
- VA loans, offering zero-down financing for eligible veterans
- Conventional loans, with competitive rates and terms
- Jumbo loans, for larger loan amounts
- Specialty loans, for self-employed or credit-challenged borrowers
Our experts will work with you to determine the best mortgage solution for your situation.
Get pre-approved with NMHL today and take the first step towards your Madison homeownership dream.
Down Payment Assistance and First-Time Homebuyer Programs
Madison homebuyers can access various down payment assistance programs to help with the upfront costs of purchasing a home. The City of Madison's Down Payment Assistance Program and WHEDA's down payment assistance grants are just a few options available. NMHL can help you navigate these programs and determine which ones you're eligible for.
First-time homebuyers can also benefit from WHEDA's loan programs, which offer competitive interest rates and other benefits. Our team at NMHL is experienced in guiding first-time buyers through the mortgage process.
Don't let down payment costs hold you back – explore your options with NMHL today.
Why Choose NMHL for Your Madison Mortgage?
At NMHL, we're committed to providing personalized service and competitive rates to Madison homebuyers. Our local expertise and knowledge of the Madison market make us the go-to lender for borrowers in this area. We offer a range of mortgage programs, including options for underserved borrowers, and our experts will work with you to find the best solution for your situation.
By choosing NMHL, you'll benefit from:
- Competitive rates and terms
- Personalized service from experienced mortgage professionals
- A range of mortgage programs, including specialty loans
- Local market expertise and knowledge
Contact NMHL today to start your mortgage journey in Madison.
Frequently Asked Questions
Madison's popular neighborhoods include Downtown Madison, University Heights, and Atwood Neighborhood, each offering unique character and amenities. These areas are known for their walkability, proximity to lakes, and diverse housing stock. NMHL can help you find the right mortgage for your dream home in these neighborhoods.
In Madison, property taxes are assessed at the county level, with Dane County being the relevant jurisdiction. The average effective property tax rate in Dane County is 1.73%, which is slightly higher than the state average. NMHL can help you factor property taxes into your mortgage planning.
Wisconsin offers several first-time homebuyer programs, including the Wisconsin Housing and Economic Development Authority (WHEDA) loan programs. These programs provide competitive interest rates, down payment assistance, and other benefits to help first-time buyers achieve homeownership. NMHL is an approved WHEDA lender and can guide you through the application process.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with credit challenges. Our experts can help you explore options like FHA loans, which allow credit scores as low as 580, or other non-traditional credit scoring methods. Contact us for a personalized consultation.
In Madison, school districts play a significant role in determining home values. The Madison Metropolitan School District serves much of the city, with highly rated schools like Vel Phillips Memorial High School and Lapham Elementary. Homes in areas with top-rated schools tend to command higher prices and appreciate faster. NMHL can help you understand how school districts factor into your mortgage decision.
Madison homebuyers can access various down payment assistance programs, including the City of Madison's Down Payment Assistance Program and WHEDA's down payment assistance grants. NMHL can help you navigate these programs and determine which ones you're eligible for. Some programs offer up to 3.5% or more in down payment assistance.
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Ready to Buy in Madison?
Let NMHL help you navigate the Madison housing market with expert guidance and competitive rates.