NMHL Mortgage Lending
Mortgage Lender in Florence, KY
Local expertise and competitive rates for Florence homebuyers.
Florence Housing Market Overview
Explore mortgage options in Florence, KY with NMHL. Our local expertise helps you navigate the Florence 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 Florence
Explore mortgage options tailored to Florence 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 Florence's Housing Market
The Florence housing market is characterized by a mix of older homes and new constructions, with a median home price of around $240,000. The area has seen steady growth, driven by its proximity to Cincinnati and the presence of major employers. Neighborhoods like Burlington Pike and downtown Florence offer a range of housing options, from single-family homes to condos and townhouses.
As a borrower, it's essential to understand the local market trends and how they might impact your mortgage. NMHL's local expertise and market knowledge can help you make informed decisions about your home financing.
Get pre-approved today and take advantage of Florence's growing housing market!
NMHL Programs for Florence Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the diverse needs of Florence borrowers. Our FHA loans require as little as 3.5% down, while our VA loans offer zero down payment options for eligible veterans. We also provide conventional loans, jumbo loans, and specialty loans for self-employed borrowers or those with unique financial situations.
- FHA Loans: 3.5% down payment, flexible credit scoring
- VA Loans: Zero down payment, competitive rates
- Conventional Loans: Up to 97% financing, private mortgage insurance available
Our loan officers will work with you to determine the best program for your needs and guide you through the application process.
Contact NMHL today to explore your mortgage options and get pre-approved!
Down Payment Assistance in Florence
Down payment assistance programs can be a valuable resource for Florence homebuyers. The Kentucky Housing Corporation (KHC) offers several programs, including the Down Payment Assistance Program, which provides up to 3.5% of the home's purchase price for down payment and closing costs. NMHL can help you navigate these programs and determine your eligibility.
In addition to KHC programs, NMHL offers our own down payment assistance options, including grants and matching programs. Our loan officers will work with you to explore available options and find the best fit for your financial situation.
Don't let down payment costs hold you back! Explore your options with NMHL today.
Florence School Districts and Home Values
The Boone County School District serves Florence and surrounding areas, offering a range of highly-rated schools. The quality of local schools can significantly impact home values, with homes in top-rated districts typically commanding higher prices. NMHL's knowledge of the local real estate market can help you understand how school districts might affect your home's value and your mortgage options.
When considering a home purchase in Florence, it's essential to research the local schools and their impact on the neighborhood. Our loan officers can provide guidance on how to factor school districts into your homebuying decision.
Research local schools and understand their impact on home values with NMHL's expert guidance.
Frequently Asked Questions
Mortgage rates in Florence vary based on the type of loan and your financial profile. At NMHL, we offer competitive rates starting from 6.5% APR for conventional loans. For personalized rate quotes and to discuss your mortgage options, contact us for a free consultation. Our loan officers are knowledgeable about the local market and can guide you through the process.
Yes, Florence homebuyers can benefit from various down payment assistance programs. The Kentucky Housing Corporation (KHC) offers programs like the Down Payment Assistance Program, which provides up to 3.5% of the home's purchase price for down payment and closing costs. NMHL can help you navigate these programs and determine your eligibility.
Property taxes in Florence are assessed by the Boone County Property Valuation Administrator. The average effective property tax rate is around 0.81%. This means that on a $240,000 home, you can expect to pay approximately $1,944 annually in property taxes. NMHL can help you factor these costs into your mortgage planning.
Florence has several attractive neighborhoods, including the popular Burlington Pike area, known for its convenient access to I-75 and local amenities. Other sought-after areas include the historic downtown Florence and neighborhoods near the Boone County schools. NMHL's local expertise can help you understand the characteristics of each neighborhood and how they might impact your mortgage and long-term home value.
While bad credit can present challenges, NMHL offers mortgage options for borrowers with less-than-perfect credit. We consider alternative credit scoring models and have programs designed for borrowers who may not qualify for traditional loans. Contact us to discuss your credit situation and explore available options.
NMHL offers VA loans, which provide favorable terms for eligible veterans, including zero down payment options and competitive interest rates. We also offer specialized programs for veterans, such as the VA IRRRL (Interest Rate Reduction Refinance Loan) program. Our experienced loan officers can help you navigate the VA loan process and ensure you receive the benefits you've earned.
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Let NMHL help you navigate the Florence housing market with expert guidance and competitive rates.