NMHL Mortgage Lending
Mortgage Lender in Clovis, NM
Local expertise and competitive rates for Clovis homebuyers.
Clovis, New Mexico, is experiencing a steady growth in its housing market, with the median home price currently estimated at $143,000. As a borrower looking to navigate this market, you'll find that National Mortgage Home Loans (NMHL) is well-equipped to provide personalized mortgage solutions. Our expertise in handling diverse borrower profiles, including first-time homebuyers, self-employed individuals, and those with less-than-perfect credit, makes us an ideal partner for your home financing needs in Clovis.
The local real estate landscape is characterized by a mix of established neighborhoods and new developments, offering a range of options for homebuyers. With NMHL's knowledge of the Clovis market and access to various mortgage programs, you can confidently explore your financing options and find the best fit for your situation.
At NMHL, we're committed to helping you achieve your homeownership goals. Our team is dedicated to providing competitive rates, flexible loan terms, and exceptional customer service. Whether you're a first-time buyer or looking to refinance your existing mortgage, we're here to guide you every step of the way.
Clovis Housing Market Overview
Explore mortgage options in Clovis, NM with NMHL. Our local expertise helps you navigate the Clovis real estate market with competitive rates and personalized service.
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 Clovis
Explore mortgage options tailored to Clovis 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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Understanding the Clovis Housing Market
The Clovis housing market is characterized by a mix of older and newer homes, with a range of architectural styles and amenities. The median home price is around $143,000, making it an attractive option for first-time homebuyers and those looking to upgrade or downsize. Neighborhoods like Hilltop, Downtown Clovis, and the surrounding areas offer a variety of housing options, from cozy bungalows to larger family homes.
When exploring the Clovis real estate market, it's essential to consider factors like property taxes, insurance costs, and local amenities. Our team at NMHL is knowledgeable about the local market and can help you navigate these factors to find the best fit for your needs.
Get pre-approved today and take the first step towards homeownership in Clovis!
Neighborhoods to Consider in Clovis
Clovis is home to a diverse range of neighborhoods, each with its unique character and charm. Some popular areas include:
- Hilltop: Known for its historic homes and tree-lined streets
- Downtown Clovis: Offers a mix of older and newer homes, with easy access to local amenities
- Mesquite: A newer neighborhood with modern homes and family-friendly amenities
When choosing a neighborhood, consider factors like school districts, commute times, and local amenities. Our team can help you research these factors and find the best fit for your needs.
Explore Clovis neighborhoods with NMHL's expert guidance
Mortgage Options for Underserved Borrowers in Clovis
At NMHL, we're committed to helping underserved borrowers achieve their homeownership goals. We offer a range of mortgage programs designed to help borrowers with non-traditional income, credit challenges, or other unique circumstances. Our team is experienced in handling complex financial situations and can help you find a mortgage solution that fits your needs.
Some of our specialized programs include:
- Self-Employed Mortgage Program: For borrowers with non-traditional income
- Bad Credit Mortgage Program: For borrowers with credit challenges
- Veterans Mortgage Program: For eligible veterans and their families
Don't let credit challenges hold you back – explore our bad credit mortgage options today
Down Payment Assistance Programs in New Mexico
The state of New Mexico offers several down payment assistance programs to help homebuyers achieve their goals. These programs can provide financial assistance for down payments and closing costs, making it easier to purchase a home in Clovis.
Some of the available programs include:
- New Mexico Mortgage Finance Authority's (MFA) First Home program
- MFA's Next Home program
- Other local and national programs
Our team at NMHL can help you explore these options and find the best fit for your needs.
Get started with NMHL's down payment assistance programs today
Frequently Asked Questions
The average effective property tax rate in Clovis is 0.73%, which is slightly higher than the national average. Homeowners in Clovis can expect to pay around $1,043 annually in property taxes for a median-valued home of $143,000. It's essential to factor these costs into your homebuying budget.
Clovis is served by the Clovis Municipal Schools district, which is known for its commitment to providing quality education. Homes located within highly-rated school districts tend to retain their value better and may even appreciate more over time. If you're considering purchasing a home in Clovis, researching the local school district and its impact on property values is crucial.
New Mexico offers several down payment assistance programs, including the New Mexico Mortgage Finance Authority's (MFA) First Home program, which provides up to $7,500 in down payment assistance. Additionally, the MFA's Next Home program offers assistance for homebuyers who have previously owned a home. These programs can help make homeownership more accessible and affordable for Clovis residents.
While a good credit score can help you qualify for better mortgage rates, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our bad credit mortgage programs can help you get pre-approved, even with a credit score as low as 580. We'll work with you to explore your options and find the best solution for your situation.
NMHL offers a range of mortgage options for first-time homebuyers in Clovis, including FHA loans with down payments as low as 3.5%. We also offer specialized programs, such as the NMHL First-Time Homebuyer Program, which provides competitive rates and flexible terms. Our team will help you navigate the process and find the best fit for your needs.
Getting started with NMHL is easy. Simply contact us to schedule a consultation, and we'll guide you through the pre-approval process. We'll review your financial situation, discuss your mortgage options, and provide a personalized pre-approval letter to help you confidently shop for your new home in Clovis.
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Ready to Buy in Clovis?
Let NMHL help you navigate the Clovis housing market with expert guidance and competitive rates.