NMHL Mortgage Lending
Mortgage Lender in St. Petersburg, FL
Local expertise and competitive rates for St. Petersburg homebuyers.
St. Petersburg Housing Market Overview
Explore mortgage options in St. Petersburg, FL with NMHL. Our local expertise helps you navigate the St. Petersburg 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 St. Petersburg
Explore mortgage options tailored to St. Petersburg 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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Exploring St. Petersburg's Neighborhoods
St. Petersburg is known for its diverse neighborhoods, each with its own unique character and charm. From the historic homes of Old Northeast to the trendy condos of Central Avenue, there's a neighborhood to suit every lifestyle and budget. Some popular areas include:
- Historic Kenwood: Known for its bungalow-style homes and vibrant arts scene.
- Grand Central District: A rapidly growing area with a mix of old and new homes.
- Waterfront District: Stunning views of Tampa Bay and a thriving cultural scene.
Our mortgage specialists can help you navigate the local market and find the best loan options for your dream home.
Contact NMHL today to schedule a consultation and take the first step towards homeownership in St. Petersburg.
Mortgage Options for Underserved Borrowers
At NMHL, we understand that not all borrowers fit the traditional mortgage mold. That's why we offer a range of mortgage options for underserved borrowers, including:
- Self-employed borrowers: We consider alternative income documentation to help self-employed individuals qualify for a mortgage.
- Bad credit borrowers: We offer mortgage options for borrowers with credit scores as low as 580.
- Veterans: We offer VA loans with competitive rates and favorable terms.
Our mortgage specialists will work with you to identify the best loan options and provide guidance on the application process.
Don't let credit challenges or non-traditional income hold you back from achieving your homeownership goals. Contact NMHL today to explore your mortgage options.
Down Payment Assistance Programs in St. Petersburg
NMHL offers several down payment assistance programs to help St. Petersburg homebuyers achieve their homeownership goals. These programs include:
- Florida Homeownership Assistance Program: Provides up to $10,000 in assistance for down payments and closing costs.
- NMHL's Down Payment Assistance Program: Offers grants and matching funds to help with down payments.
Our mortgage specialists can help you determine which programs you're eligible for and guide you through the application process.
Don't have enough saved for a down payment? Contact NMHL today to explore your down payment assistance options.
Understanding Property Taxes in St. Petersburg
Property taxes in St. Petersburg are based on the assessed value of your home, which is typically around 0.9% of the home's value. Pinellas County also offers a homestead exemption, which can help reduce your taxable value by up to $50,000. Our mortgage specialists can help you understand how property taxes will impact your monthly mortgage payments and provide guidance on how to minimize your tax liability.
Contact NMHL today to schedule a consultation and get a better understanding of your property tax obligations in St. Petersburg.
Frequently Asked Questions
Mortgage rates in St. Petersburg vary depending on the loan program, credit score, and other factors. At NMHL, we offer competitive rates starting at 6.5% APR for conventional loans. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers several mortgage options for first-time homebuyers in St. Petersburg, including FHA loans with down payments as low as 3.5% and VA loans for eligible veterans. We also offer down payment assistance programs, such as the Florida Homeownership Assistance Program, to help with closing costs and down payments.
Property taxes in St. Petersburg are based on the assessed value of your home, which is typically around 0.9% of the home's value. For example, on a $300,000 home, you can expect to pay around $2,700 per year in property taxes. Pinellas County also offers a homestead exemption, which can help reduce your taxable value by up to $50,000.
Some of the most popular neighborhoods in St. Petersburg include Old Northeast, Historic Kenwood, and Central Avenue. These areas offer a mix of historic homes, trendy condos, and vibrant cultural attractions. Other up-and-coming neighborhoods include Grand Central District and the Waterfront District, which offer stunning views of Tampa Bay.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. We consider credit scores as low as 580 for FHA loans and 620 for conventional loans. Our mortgage specialists will work with you to identify the best loan options and provide guidance on improving your credit score.
St. Petersburg is served by the Pinellas County School District, which includes several highly-rated schools, such as St. Petersburg High School and Gibbs High School. The district also offers magnet programs and charter schools, providing a range of educational options for families. Homebuyers should consider the local school district when choosing a neighborhood, as it can impact property values and resale potential.
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