NMHL Mortgage Lending
Mortgage Lender in St. Clair Shores, MI
Local expertise and competitive rates for St. Clair Shores homebuyers.
St. Clair Shores Housing Market Overview
St. Clair Shores is a growing community in Michigan offering diverse mortgage options for homebuyers. Contact NMHL for personalized St. Clair Shores mortgage rates and programs.
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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. Clair Shores
Explore mortgage options tailored to St. Clair Shores 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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St. Clair Shores Housing Market Trends
The St. Clair Shores housing market is competitive, with a range of homes available for sale. The median home price is $185,000, and prices vary by neighborhood and property type. For example, homes in the Downtown St. Clair Shores area tend to be more expensive, while those in the St. Clair Shores Schools district may offer more affordable options.
Some popular neighborhoods in St. Clair Shores include:
- Downtown St. Clair Shores: A vibrant community with shops, restaurants, and waterfront views.
- St. Clair Shores Schools district: A highly regarded school district with several top-rated schools.
- Lake St. Clair shoreline communities: Beautiful parks and outdoor recreational opportunities.
NMHL is committed to providing personalized service and competitive rates to help you achieve your dream of homeownership in St. Clair Shores.
NMHL offers competitive rates and personalized service to help you navigate the St. Clair Shores housing market.
Property Taxes in St. Clair Shores
Property taxes in St. Clair Shores average approximately 1.65% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $185,000 home, you can expect to pay around $3,052 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.
Some additional costs to consider:
- Property tax rates: 1.65% of assessed value
- Homeowners insurance: Varies by provider and location
- Maintenance costs: Varies by property type and age
NMHL can help you understand and factor property taxes into your mortgage payment.
School Districts in St. Clair Shores
The St. Clair Shores School District is highly regarded, with several top-rated schools in the area. The district serves students from kindergarten through 12th grade and offers a range of academic programs, including advanced courses and extracurricular activities.
The district's strong reputation can also have a positive impact on home values, making it a great option for families and homebuyers looking for a stable and supportive community.
Some of the top-rated schools in the district include:
- St. Clair Shores High School
- St. Clair Shores Middle School
- St. Clair Shores Elementary School
The St. Clair Shores School District is highly regarded and can have a positive impact on home values.
First-Time Homebuyer Programs in St. Clair Shores
NMHL offers several first-time homebuyer programs in St. Clair Shores, Michigan, including FHA loans with 3.5% down payment requirements and VA loans with zero down payment options.
We also offer down payment assistance programs, such as the Michigan Housing Development Authority (MHA) Down Payment Assistance Program, which can provide up to $7,500 in assistance.
Our loan officers can help you understand the eligibility requirements and benefits of each program and guide you through the application process.
NMHL offers a range of first-time homebuyer programs to help you achieve your dream of homeownership.
NMHL Programs for Underserved Borrowers
NMHL is committed to serving underserved borrowers in St. Clair Shores, including those with bad credit, self-employed individuals, and veterans.
We offer a range of mortgage programs to help these borrowers achieve homeownership, including:
- FHA loans with 3.5% down payment requirements
- VA loans with zero down payment options
- Subprime loans for borrowers with bad credit
- Self-employed loan programs
Our loan officers can help you understand the eligibility requirements and benefits of each program and guide you through the application process.
NMHL is committed to serving underserved borrowers in St. Clair Shores.
Frequently Asked Questions
The median home price in St. Clair Shores, Michigan is approximately $185,000. Prices vary by neighborhood and property type. For example, homes in the Downtown St. Clair Shores area tend to be more expensive, while those in the St. Clair Shores Schools district may offer more affordable options. Contact NMHL for current market data and to get pre-approved for a mortgage.
NMHL offers a range of mortgage programs in St. Clair Shores, Michigan, 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 homebuyer, self-employed, or have bad credit. We also offer NMHL pre-approval, which can give you a competitive edge in the market.
Property taxes in St. Clair Shores average approximately 1.65% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $185,000 home, you can expect to pay around $3,052 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.
St. Clair Shores has several popular neighborhoods to choose from, each with its own unique character. The Downtown St. Clair Shores area offers a vibrant community with shops, restaurants, and waterfront views. The St. Clair Shores Schools district is also highly regarded, with several top-rated schools in the area. Other popular neighborhoods include the Lake St. Clair shoreline communities, which offer beautiful parks and outdoor recreational opportunities. Our loan officers can provide more information on the local neighborhoods and help you find the best fit for your needs.
The St. Clair Shores School District is highly regarded, with several top-rated schools in the area. The district serves students from kindergarten through 12th grade and offers a range of academic programs, including advanced courses and extracurricular activities. The district's strong reputation can also have a positive impact on home values, making it a great option for families and homebuyers looking for a stable and supportive community. Our loan officers can provide more information on the local schools and help you understand how they may impact your homebuying decision.
NMHL offers several first-time homebuyer programs in St. Clair Shores, Michigan, including FHA loans with 3.5% down payment requirements and VA loans with zero down payment options. We also offer down payment assistance programs, such as the Michigan Housing Development Authority (MHA) Down Payment Assistance Program, which can provide up to $7,500 in assistance. Our loan officers can help you understand the eligibility requirements and benefits of each program and guide you through the application process.
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