NMHL Mortgage Lending
Mortgage Lender in Davenport, IA
Local expertise and competitive rates for Davenport homebuyers.
Davenport Housing Market Overview
Explore mortgage options in Davenport, IA with NMHL. Our local expertise helps you navigate the Davenport 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 Davenport
Explore mortgage options tailored to Davenport 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 Davenport's Local Housing Market
Davenport's housing market is characterized by a mix of older homes and new constructions, with a median home price of $143,000. The city's proximity to the Mississippi River and its vibrant downtown area make it an attractive location for homebuyers.
The local market is influenced by factors such as the local economy, job market, and seasonal fluctuations. NMHL's local expertise helps borrowers navigate these factors and make informed decisions.
Stay ahead of the market with NMHL's expert guidance on Davenport's housing trends.
Exploring Davenport's Neighborhoods
Davenport's neighborhoods offer a range of character and amenities. Some popular areas include:
- Downtown Davenport: Vibrant urban living with shops, restaurants, and entertainment.
- Riverview Terrace: Historic homes with stunning river views.
- Historic District: Charming older homes with character.
NMHL is familiar with these neighborhoods and can provide insights on local market trends and property values.
Find your perfect neighborhood with NMHL's local knowledge.
Mortgage Options for Davenport Borrowers
At NMHL, we offer a range of mortgage programs tailored to Davenport borrowers' needs. These include:
- FHA loans: Low down payment options for first-time homebuyers.
- VA loans: Competitive rates and no down payment requirements for eligible veterans.
- Bad credit mortgage programs: Options for borrowers with less-than-perfect credit.
Our mortgage experts can help you determine the best program for your situation.
Get pre-approved with NMHL and take the first step towards homeownership.
Down Payment Assistance Programs in Iowa
Iowa offers several down payment assistance programs to help homebuyers achieve their goals. These include:
- Iowa Finance Authority's FirstHome program: Up to $7,500 in assistance.
- Iowa Finance Authority's Homes for Heroes program: Assistance for military service members and first responders.
NMHL can help you navigate these programs and determine your eligibility.
Maximize your purchasing power with down payment assistance programs.
Property Taxes in Davenport, IA
Property taxes in Davenport are calculated based on the assessed value of your home. The average effective property tax rate in Scott County is approximately 1.53%. NMHL can help you factor property taxes into your mortgage planning and ensure you're prepared for the costs of homeownership.
Understand your property tax obligations with NMHL's expert guidance.
Frequently Asked Questions
Mortgage rates in Davenport vary depending on the loan program and borrower profile. At NMHL, we offer competitive rates starting from 6.5% APR for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss your mortgage options.
Yes, Iowa offers several down payment assistance programs, including the Iowa Finance Authority's FirstHome program, which provides up to $7,500 in assistance. NMHL can help you navigate these programs and determine your eligibility.
Davenport property taxes are calculated based on the assessed value of your home. The average effective property tax rate in Scott County, where Davenport is located, is approximately 1.53%. NMHL can help you factor property taxes into your mortgage planning.
NMHL offers VA loans with competitive rates and no down payment requirements for eligible veterans. We also provide assistance with VA loan pre-approval and application processing.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our bad credit mortgage programs can help you get back on track to homeownership. Contact us to discuss your options and get pre-approved.
Some of Davenport's most sought-after neighborhoods include Downtown Davenport, Riverview Terrace, and the Historic District. NMHL is familiar with these areas and can provide insights on local market trends and property values.
Related Resources
Ready to Buy in Davenport?
Let NMHL help you navigate the Davenport housing market with expert guidance and competitive rates.