The Taylor housing market is experiencing steady growth, with a mix of new developments and historic homes. The median home price of $150,000 makes it an attractive option for buyers. According to recent data, homes in Taylor are selling quickly, with an average days-on-market of 30 days. This indicates a competitive market, making it essential to work with a lender who understands the local conditions.

At NMHL, we're committed to providing personalized mortgage solutions to Taylor residents. Our loan officers have extensive knowledge of the local market and can help you navigate the homebuying process. Whether you're a first-time buyer or a seasoned buyer, we have programs designed to meet your unique needs.

Taylor has several notable neighborhoods, each with its own unique character. The downtown area offers a mix of older and newer homes, with easy access to local amenities. The Gibraltar School District is also a popular area, with highly-rated schools and a range of housing options. Other neighborhoods, such as the Taylor Meadows and the Heritage Park areas, offer a more suburban feel.

• Downtown Taylor: A mix of older and newer homes, with easy access to local amenities.
• Gibraltar School District: Highly-rated schools and a range of housing options.
• Taylor Meadows: A suburban neighborhood with a mix of single-family homes and condos.
• Heritage Park: A family-friendly neighborhood with a community park and pool.

Property taxes in Taylor average approximately 1.70% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $150,000 home, you can expect to pay around $2,550 per year in property taxes. It's essential to consider property taxes when calculating the total cost of homeownership in Taylor.

NMHL's 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 decision.

Taylor is served by the Taylor School District and the Gibraltar School District. Both districts have their strengths, with Gibraltar being highly-rated and offering a range of extracurricular activities. The school district can impact home values, so it's essential to consider this factor when buying a home in Taylor.

• Taylor School District: A comprehensive district with a range of educational programs.
• Gibraltar School District: A highly-rated district with a strong focus on extracurricular activities.

NMHL offers several first-time homebuyer programs in Taylor, Michigan, including FHA loans with 3.5% down payment requirements and VA loans with zero down payment options. We also have down payment assistance programs available, such as the Michigan Housing Finance Agency's (MHA) Down Payment Assistance Program, which provides up to 4% of the purchase price in assistance.

Contact NMHL to learn more about these programs and to see if you qualify. Our loan officers can guide you through the process and help you find the best program for your needs.