NMHL Mortgage Lending
Mortgage Lender in Southaven, MS
Local expertise and competitive rates for Southaven homebuyers.
Southaven, Mississippi, is experiencing a thriving housing market, with a current median home price of around $243,000. As a borrower looking to navigate this market, you'll find a range of mortgage options available. National Mortgage Home Loans (NMHL) is well-positioned to serve Southaven borrowers, offering a variety of loan programs, including FHA, VA, USDA, Conventional, and Jumbo loans. Our local expertise and competitive rates make us the go-to lender in Southaven.
The Southaven housing market is characterized by a mix of new construction and established neighborhoods, with popular areas like Snowden Grove and Town Creek offering a range of housing options. As a borrower, you'll want to consider factors like property taxes, school districts, and local market trends when making your decision.
At NMHL, we understand the unique needs of Southaven borrowers, including first-time homebuyers, self-employed individuals, and those with less-than-perfect credit. Our team is dedicated to providing personalized service and guidance throughout the mortgage process.
Southaven Housing Market Overview
Explore mortgage options in Southaven, MS with NMHL. Our local expertise helps you navigate the Southaven real estate market with competitive rates and personalized service.
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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 Southaven
Explore mortgage options tailored to Southaven 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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Exploring Southaven Neighborhoods
Southaven is a diverse city with a range of neighborhoods to suit different lifestyles and preferences. Popular areas like Snowden Grove and Town Creek offer a mix of housing options, from new construction to established homes. When searching for a home in Southaven, consider factors like commute time, local amenities, and school districts.
- Snowden Grove: Known for its family-friendly atmosphere and community events.
- Town Creek: Offers a mix of new construction and established homes, with easy access to local amenities.
- Riverside: A charming neighborhood with scenic views and a relaxed atmosphere.
When exploring Southaven neighborhoods, consider working with a local real estate agent who can provide valuable insights and guidance.
NMHL Mortgage Programs for Southaven Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Southaven borrowers. Our loan options include FHA, VA, USDA, Conventional, and Jumbo loans, with competitive rates and flexible terms.
For first-time homebuyers, we offer specialized programs with lower down payment requirements and reduced mortgage insurance premiums. Self-employed borrowers can benefit from our alternative income verification options, while those with less-than-perfect credit can explore our subprime loan programs.
Contact NMHL today to learn more about our mortgage programs and get pre-approved for a loan that meets your needs.
Understanding Property Taxes in Southaven
As a homeowner in Southaven, you'll need to factor property taxes into your mortgage calculations. The average effective property tax rate in Southaven is around 0.67%, which is relatively low compared to other parts of the country.
When budgeting for your mortgage, consider the impact of property taxes on your monthly payments. Our team at NMHL can help you understand the property tax implications of your loan and provide guidance on how to minimize your tax burden.
Don't forget to factor property taxes into your mortgage calculations to avoid surprises down the line.
The Impact of School Districts on Home Values
The DeSoto County School District serves Southaven and is highly rated in Mississippi. Homes in areas with top-rated schools tend to appreciate in value over time, making them a valuable investment.
When searching for a home in Southaven, consider the local school district and its impact on property values. Our team at NMHL can provide guidance on how to factor school districts into your homebuying decision.
Research the local school district and its impact on property values to make an informed homebuying decision.
Frequently Asked Questions
The average effective property tax rate in Southaven is around 0.67%. This means that homeowners pay approximately $1,628 in property taxes per year on a $243,000 home. It's essential to factor property taxes into your mortgage calculations to ensure you're getting the best deal.
Southaven is served by the DeSoto County School District, which is highly rated in Mississippi. Homes in areas with top-rated schools tend to appreciate in value over time, making them a valuable investment. When searching for a home in Southaven, consider the local school district and its impact on property values.
Mississippi offers several first-time homebuyer programs, including the Mississippi Home Corporation (MHC) Mortgage Revenue Bond Program and the MHC Down Payment Assistance Program. These programs provide financing options and down payment assistance to qualified borrowers. NMHL can help you navigate these programs and determine your eligibility.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our team will work with you to determine the best course of action and explore alternative financing options. We consider credit scores as low as 580 for certain loan programs.
NMHL offers several down payment assistance programs, including the NMHL DPA Program, which provides up to 3.5% of the purchase price in assistance. Additionally, the Mississippi Home Corporation offers down payment assistance programs for qualified borrowers. Our team can help you explore these options and determine your eligibility.
Getting pre-approved for a mortgage with NMHL is easy. Simply contact our team to schedule a consultation, and we'll guide you through the pre-approval process. We'll review your financial information and provide a pre-approval letter to help you navigate the Southaven housing market with confidence.
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