Albany's housing market is characterized by a mix of historic and modern homes, with a range of architectural styles and neighborhoods to choose from. The city's affordability, combined with its stable economy and growing tech industry, makes it an attractive location for homebuyers. NMHL can help you navigate the local market and find the right mortgage solution for your needs.

• The median home price in Albany is $215,000.
• The average property tax rate is 2.45%.
• Neighborhoods like Center Square, Pine Hills, and Delaware Avenue offer a range of housing options.

At NMHL, we offer a range of mortgage programs designed to meet the needs of Albany borrowers, including first-time homebuyers, those with bad credit, and self-employed individuals. Our mortgage options include conventional loans, FHA loans, VA loans, and more. We also offer down payment assistance programs and other forms of financial assistance to help make homeownership more accessible.

Our mortgage programs are designed to be flexible and accommodating, with a range of loan terms and interest rates available. We can help you determine the best mortgage solution for your needs and guide you through the application process.

New York state offers several programs to help first-time homebuyers achieve their goals, including the HomeFirst Down Payment Assistance Program, which provides up to $15,000 in assistance. NMHL can help you navigate these programs and determine which ones you're eligible for.

In addition to state programs, NMHL offers our own first-time homebuyer programs, which provide favorable terms and flexible underwriting guidelines. We can help you understand your options and choose the best program for your needs.

The Albany City School District serves the city of Albany, and the quality of the schools can have a significant impact on home values. Homes located in neighborhoods with highly-rated schools tend to have higher property values. NMHL can help you understand how school districts affect home prices and factor this into your mortgage planning.

When shopping for a home in Albany, it's essential to consider the local school district and how it may impact your quality of life and the long-term value of your investment.

Getting pre-approved for a mortgage with NMHL is a straightforward process. Simply contact us through our website or give us a call, and we'll guide you through the pre-approval process, which typically involves a review of your credit report, income verification, and other financial information.

Our NMHL pre-approval process gives you a clear understanding of your mortgage options and helps you make informed decisions when shopping for a home in Albany. We can also help you navigate the various mortgage programs available and determine which ones you're eligible for.