The Meridian housing market is characterized by a mix of historic homes, new construction, and affordable housing options. The city's median home price is $143,000, making it an attractive location for first-time homebuyers and experienced homeowners alike. NMHL's local expertise helps you navigate the market and find the best mortgage options for your needs.

• The average days on market for homes in Meridian is 60-90 days.
• New construction is on the rise, with many builders offering incentives and promotions.
• Historic neighborhoods, such as Highland Park, offer a unique blend of character and charm.

Mississippi offers a range of programs to help first-time homebuyers achieve their dreams of homeownership. The Mississippi Home Corporation (MHC) offers down payment assistance, mortgage credit certificates, and other incentives to eligible buyers. NMHL is an approved lender for many of these programs and can help you navigate the application process.

To qualify, you'll typically need to meet income limits, complete a homebuyer education course, and occupy the property as your primary residence. NMHL's loan officers will work with you to determine which programs you're eligible for and guide you through the application process.

At NMHL, we're committed to serving borrowers who may not fit the traditional mortgage mold. Our loan officers are experienced in working with self-employed individuals, those with bad credit, and veterans. We offer a range of mortgage options, including FHA, VA, and USDA loans, to help you achieve your homeownership goals.

• Our Self-Employed Mortgage Program allows for alternative income documentation.
• Our VA Loan Program offers zero-down financing for eligible veterans.
• Our Bad Credit Mortgage Program provides options for borrowers with less-than-perfect credit.

As a homeowner in Meridian, you'll need to consider property taxes and insurance when budgeting for your mortgage. Lauderdale County's property tax rate is approximately 0.72%, which is relatively low compared to other cities in the United States. NMHL can help you understand how property taxes will impact your mortgage payments and ensure you're properly insured.

It's also worth noting that Meridian is located in a moderate-risk flood zone, and flood insurance may be required for homes in certain areas. NMHL can guide you through the process of obtaining flood insurance and ensuring you meet all necessary requirements.