NMHL Mortgage Lending
Mortgage Lender in Kettering, OH
Local expertise and competitive rates for Kettering homebuyers.
Kettering, Ohio, is a thriving city with a rich history and a strong sense of community. As of 2023, the median home price in Kettering stands at approximately $143,000, making it an attractive option for homebuyers. At National Mortgage Home Loans (NMHL), we understand the local housing market and offer a range of mortgage options tailored to Kettering residents. Whether you're a first-time homebuyer or looking to refinance, our experienced team is here to guide you through the process.
The Kettering housing market is characterized by a mix of older and newer homes, with many neighborhoods featuring tree-lined streets and community parks. As a major suburb of Dayton, Kettering benefits from its proximity to employment opportunities, cultural attractions, and educational institutions. NMHL is committed to serving the diverse needs of Kettering borrowers, including those with bad credit, self-employed individuals, and veterans.
With NMHL, you can explore various mortgage programs, including FHA, VA, and conventional loans. Our mortgage experts will work with you to find the best fit for your financial situation and goals. By choosing NMHL, you'll benefit from competitive rates, personalized service, and a streamlined application process.
Kettering Housing Market Overview
Explore mortgage options in Kettering, OH with NMHL. Our local expertise helps you navigate the Kettering 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 Kettering
Explore mortgage options tailored to Kettering 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 Kettering Neighborhoods
Kettering is a diverse city with many unique neighborhoods to explore. From the family-friendly atmosphere of Southdale to the historic charm of older neighborhoods, there's something for everyone. When searching for a home, consider factors like commute times, local schools, and community amenities. NMHL can help you find the right mortgage for your dream home in Kettering.
- Southdale: Known for its parks and community events
- Easton Town Center vicinity: Offers a mix of shopping and dining options
- Areas around Kettering Medical Center: Convenient for healthcare workers and families
NMHL can help you explore mortgage options for homes in Kettering's diverse neighborhoods.
First-Time Homebuyer Programs in Ohio
Ohio offers several programs to help first-time homebuyers achieve their goals. The Ohio Housing Finance Agency (OHFA) provides down payment assistance, competitive interest rates, and other benefits. NMHL is an approved lender for these programs and can guide you through the application process. By combining these programs with NMHL's mortgage options, you may be able to secure a mortgage with as little as 3.5% down.
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 experienced team can help you navigate these requirements and find the best fit for your situation.
NMHL can help you explore first-time homebuyer programs and other mortgage options in Kettering, OH.
Understanding Property Taxes in Kettering
As a homeowner in Kettering, you'll need to factor property taxes into your mortgage planning. The average effective property tax rate in Kettering is 0.87%, which is slightly lower than the statewide average. To give you a better understanding, here's a breakdown of the typical property tax costs in Kettering:
- Median home price: $143,000
- Average annual property taxes: $1,244
- Monthly property tax escrow: approximately $104
NMHL can help you understand how property taxes impact your mortgage payments and overall cost of homeownership.
NMHL can help you factor property taxes into your mortgage planning and overall financial strategy.
NMHL Mortgage Options for Kettering Borrowers
At NMHL, we're committed to serving the diverse needs of Kettering borrowers. Our mortgage options include FHA, VA, USDA, conventional, and jumbo loans. We also offer specialty loans for borrowers with unique situations, such as self-employed individuals or those with bad credit. Our experienced team will work with you to find the best fit for your financial situation and goals.
Some of the benefits of choosing NMHL include competitive rates, personalized service, and a streamlined application process. We're proud to offer pre-approval and pre-qualification options to help you understand your borrowing power before you start house hunting.
Contact NMHL today to explore your mortgage options and get pre-approved for your dream home in Kettering.
Frequently Asked Questions
The average effective property tax rate in Kettering is 0.87%, which is slightly lower than the statewide average. Homeowners in Kettering can expect to pay around $1,244 per year in property taxes on a $143,000 home. It's essential to factor property taxes into your mortgage planning to ensure you're prepared for the total cost of homeownership.
Kettering is served by the Kettering City School District, which is known for its strong academic programs and extracurricular activities. Homes within the district boundaries tend to retain their value and attract potential buyers. According to data, homes in highly rated school districts like Kettering City Schools can command a premium of up to 15% compared to similar homes in other areas.
Kettering homebuyers can take advantage of down payment assistance programs offered by the Ohio Housing Finance Agency (OHFA) and other local organizations. These programs can provide up to 4% of the home's purchase price in assistance, helping to reduce the upfront costs of buying a home. NMHL can help you explore these options and determine the best fit for your situation.
While bad credit can present challenges, NMHL offers mortgage options for borrowers with less-than-perfect credit. We consider a range of factors beyond credit scores, including income, employment history, and debt-to-income ratio. By working with NMHL, you may be able to qualify for a mortgage with a credit score as low as 580, depending on the loan program and other factors.
Some of the most popular neighborhoods in Kettering include Southdale, Easton Town Center vicinity, and areas around the Kettering Medical Center. These neighborhoods offer a mix of housing styles, from older homes to newer constructions, and are often within walking distance to local amenities and community facilities. NMHL can help you explore mortgage options for homes in these and other Kettering neighborhoods.
Yes, NMHL offers VA loans and other mortgage options specifically designed for veterans. These programs can provide benefits such as zero-down financing, lower interest rates, and reduced mortgage insurance premiums. Our experienced team is here to help veterans navigate the VA loan process and find the best mortgage solution for their needs.
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