NMHL Mortgage Lending
Mortgage Lender in Livonia, MI
Local expertise and competitive rates for Livonia homebuyers.
Livonia Housing Market Overview
Livonia is a growing community in Michigan offering diverse mortgage options for homebuyers. Contact NMHL for personalized Livonia mortgage rates and programs.
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 Livonia
Explore mortgage options tailored to Livonia 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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Livonia Housing Market Trends
Livonia's housing market is competitive, with a mix of older and newer homes available. The median home price is around $260,000, with prices varying by neighborhood and property type. For example, homes in the historic downtown area may be priced higher than those in surrounding neighborhoods.
Some popular neighborhoods in Livonia include:
- The historic downtown, with charming homes and easy access to shops and restaurants
- The Livonia Center area, with a mix of older and newer homes, good schools, and community parks
- The area around Livonia High School, popular with families and offering a range of housing options
NMHL's experienced loan officers can help you navigate the local market and find the best mortgage program for your needs.
Get pre-approved with NMHL today and take the first step towards homeownership in Livonia!
Property Taxes in Livonia
Property taxes in Livonia average approximately 1.65% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $260,000 home, you can expect to pay around $4,290 per year in property taxes.
Our loan officers can help you understand how property taxes will impact your mortgage payment and provide guidance on how to factor them into your homebuying budget.
Don't let property taxes catch you off guard - factor them into your mortgage plan with NMHL's expert guidance.
School Districts in Livonia
Livonia is served by several school districts, including Livonia Public Schools, which is one of the top-performing districts in Michigan. The district has a strong reputation for academic excellence, with several highly-rated schools and programs.
When buying a home in Livonia, it's essential to consider the local school district and how it may impact your home's value. Our loan officers can provide guidance on how to factor school districts into your homebuying decision.
Invest in your child's education and your home's future value with NMHL's expert guidance on Livonia school districts.
First-Time Homebuyer Programs in Michigan
Michigan offers several programs to support first-time homebuyers, including the Michigan Housing Bond Program, which provides affordable mortgage financing and down payment assistance.
NMHL also offers a range of programs specifically designed for first-time buyers, including FHA loans with lower down payment requirements and VA loans for eligible veterans. Our loan officers can help you explore these options and find the best fit for your needs.
Take advantage of Michigan's first-time homebuyer programs and get pre-approved with NMHL today!
NMHL Programs for Underserved Borrowers
At NMHL, we understand that not all borrowers have a straightforward mortgage application. That's why we offer a range of programs designed to serve underserved borrowers, including those with bad credit, self-employed individuals, and veterans.
Our loan officers can help you explore these options and find a program that works for you. We also offer free credit counseling to help you improve your credit score and qualify for better mortgage rates.
Don't let credit challenges hold you back - explore NMHL's specialty mortgage programs today!
Frequently Asked Questions
The median home price in Livonia, Michigan, is approximately $260,000. However, prices vary by neighborhood and property type. For example, homes in the historic downtown area may be priced higher than those in surrounding neighborhoods. Contact NMHL for current market data and to discuss your specific homebuying goals.
NMHL offers a range of mortgage programs in Livonia, including FHA, VA, conventional, jumbo, and specialty loans. Our loan officers can help you find the best program for your situation, whether you're a first-time buyer, self-employed, or have a lower credit score. We also offer NMHL pre-approval, which can give you a competitive edge in the local market.
Property taxes in Livonia average approximately 1.65% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $260,000 home, you can expect to pay around $4,290 per year in property taxes. Our loan officers can help you understand how property taxes will impact your mortgage payment and provide guidance on how to factor them into your homebuying budget.
Livonia has several popular neighborhoods to choose from, each with its own unique character and amenities. Some popular areas include the historic downtown, where you can find charming homes and easy access to shops and restaurants. The Livonia Center area offers a mix of older and newer homes, with good schools and community parks. The area around Livonia High School is also popular with families, offering a range of housing options and convenient access to local amenities.
Michigan offers several programs to support first-time homebuyers, including the Michigan Housing Bond Program, which provides affordable mortgage financing and down payment assistance. NMHL also offers a range of programs specifically designed for first-time buyers, including FHA loans with lower down payment requirements and VA loans for eligible veterans. Our loan officers can help you explore these options and find the best fit for your needs.
Yes, it is possible to get a mortgage with bad credit in Livonia. NMHL offers specialty mortgage programs designed for borrowers with lower credit scores. Our loan officers can help you understand your options and find a program that works for you. We also offer free credit counseling to help you improve your credit score and qualify for better mortgage rates.
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