NMHL Mortgage Lending
Mortgage Lender in Youngstown, OH
Local expertise and competitive rates for Youngstown homebuyers.
Youngstown, Ohio's housing market is experiencing a resurgence, with median home prices hovering around $65,000 according to recent estimates. As a borrower looking to capitalize on this trend, you'll want a mortgage lender who understands the local landscape. National Mortgage Home Loans (NMHL) is well-positioned to serve Youngstown borrowers, offering a range of mortgage programs tailored to the needs of first-time buyers, those with bad credit, and self-employed individuals.
At NMHL, we pride ourselves on our local expertise and personalized service. Our team is familiar with Youngstown's neighborhoods, from the revitalized downtown area to the family-friendly suburbs. We can help you navigate the complexities of the mortgage process, ensuring you secure the best possible rate for your situation.
Whether you're a first-time homebuyer or looking to refinance, NMHL's mortgage options in Youngstown include FHA, VA, USDA, Conventional, and Jumbo loans. Our pre-approval process is quick and easy, and we're committed to helping you achieve your homeownership goals.
Youngstown Housing Market Overview
Explore mortgage options in Youngstown, OH with NMHL. Our local expertise helps you navigate the Youngstown 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 Youngstown
Explore mortgage options tailored to Youngstown 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 Youngstown's Neighborhoods
Youngstown is a city with a rich history and diverse neighborhoods. From the arts scene in the downtown area to the family-friendly atmosphere of the Idora neighborhood, there's something for everyone. Other notable neighborhoods include Smiley Heights, known for its historic homes, and Austintown, a popular area for families.
- Downtown Youngstown: Revitalized with new businesses and amenities, downtown Youngstown is an attractive option for those looking for a urban lifestyle.
- Smiley Heights: This historic neighborhood features a mix of older homes and new construction, offering a unique blend of character and charm.
- Austintown: With its highly-rated schools and family-friendly atmosphere, Austintown is a popular choice for families looking to put down roots in Youngstown.
NMHL's local expertise can help you navigate Youngstown's diverse neighborhoods and find the best mortgage options for your new home.
Understanding Property Taxes in Youngstown
Property taxes are an important consideration when buying a home in Youngstown. The city's property tax rate is influenced by the local tax rate, which is set by Mahoning County. On average, homeowners in Youngstown can expect to pay around 1.24% of their home's value in property taxes each year.
For example, on a $65,000 home, you can expect to pay around $806 per year in property taxes. NMHL can help you factor these costs into your mortgage planning and ensure you're prepared for the ongoing expenses of homeownership.
Don't forget to factor property taxes into your mortgage planning. NMHL can help you understand the impact of property taxes on your monthly payments.
First-Time Homebuyer Programs in Ohio
Ohio offers several programs to help first-time homebuyers achieve their goals. The Ohio Housing Finance Agency (OHFA) offers a range of programs, including the First-Time Homebuyer Program, which provides down payment assistance and competitive interest rates.
NMHL is an approved lender for OHFA programs, and we can help you navigate the application process. Our team is committed to helping you find the best mortgage options for your situation, and we can guide you through the process from pre-approval to closing.
NMHL is an approved lender for OHFA programs. Contact us to learn more about these programs and how they can help you achieve your homeownership goals.
Mortgage Options for Underserved Borrowers in Youngstown
At NMHL, we're committed to serving borrowers who may not fit the traditional mortgage mold. We offer a range of mortgage programs designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans.
Our mortgage options include FHA loans, VA loans, and USDA loans, which offer more lenient credit scoring and lower down payment requirements. We can also help you explore alternative loan options, such as our Non-QM loan programs, which are designed for borrowers with unique financial situations.
NMHL is dedicated to serving underserved borrowers in Youngstown. Contact us to learn more about our mortgage options and how we can help you achieve your homeownership goals.
Frequently Asked Questions
Mortgage rates in Youngstown vary depending on the type of loan and your individual circumstances. At NMHL, we're currently offering competitive rates starting at 6.5% APR for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers several mortgage programs suitable for first-time homebuyers in Youngstown, including FHA loans with down payments as low as 3.5%. We also offer specialized programs like the Ohio Housing Finance Agency's (OHFA) First-Time Homebuyer Program, which provides down payment assistance and competitive interest rates.
Property taxes in Youngstown are calculated based on the property's value and the local tax rate. The average effective property tax rate in Mahoning County, where Youngstown is located, is around 1.24%. This means that on a $65,000 home, you can expect to pay around $806 per year in property taxes. NMHL can help you factor property taxes into your mortgage planning.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our bad credit mortgage programs can help you qualify for a loan even with a credit score as low as 580. We'll work with you to identify the best loan options and guide you through the application process.
By working with NMHL, you'll benefit from our local expertise and personalized service. We understand the Youngstown housing market and can provide tailored guidance to help you navigate the mortgage process. Our team is committed to helping you achieve your homeownership goals, from pre-approval to closing.
Yes, NMHL is familiar with several down payment assistance programs available to Youngstown borrowers. These include the OHFA Down Payment Assistance Program, which provides up to 4% of the home's purchase price in down payment assistance. We can help you explore these options and determine which programs you may be eligible for.
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Ready to Buy in Youngstown?
Let NMHL help you navigate the Youngstown housing market with expert guidance and competitive rates.