NMHL Mortgage Lending
Mortgage Lender in Owasso, OK
Local expertise and competitive rates for Owasso homebuyers.
Owasso Housing Market Overview
Explore mortgage options in Owasso, OK with NMHL. Our local expertise helps you navigate the Owasso 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 Owasso
Explore mortgage options tailored to Owasso 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
Learn MoreWhat Our Clients Say
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Owasso's Thriving Housing Market
The Owasso housing market is experiencing steady growth, driven by its excellent schools, family-friendly atmosphere, and proximity to Tulsa. The median home price is around $245,000, with a range of housing options available, from starter homes to luxury properties.
NMHL's local expertise helps borrowers navigate this market, identifying the best mortgage options for their needs. Our mortgage programs cater to various financial situations, including first-time homebuyers and those with credit challenges.
Get pre-approved with NMHL today and take the first step towards homeownership in Owasso.
Notable Neighborhoods in Owasso
Owasso's neighborhoods offer a range of lifestyles and housing options. Some of the most popular areas include:
- The Villages of Owasso: A master-planned community with new homes and amenities.
- Oak Ridge Estates: A family-friendly neighborhood with established homes.
- Crestwood Addition: A charming area with older homes and a strong sense of community.
NMHL can help borrowers find the best mortgage options for their chosen neighborhood.
Explore Owasso's neighborhoods with NMHL's guidance and find your dream home.
Property Taxes in Owasso, OK
Property taxes in Owasso are an essential consideration for homebuyers. The average effective property tax rate is 0.83%, which is relatively low compared to other parts of the country. However, property taxes can still impact mortgage payments and overall cost of homeownership.
NMHL helps borrowers understand how property taxes work in Owasso and factor them into their mortgage planning.
Factor property taxes into your mortgage planning with NMHL's expert guidance.
First-Time Homebuyer Programs in Oklahoma
Oklahoma offers several programs to support first-time homebuyers, including the Oklahoma Housing Finance Agency (OHFA) down payment assistance program. This program provides up to 3.5% of the home's purchase price to help with down payment and closing costs.
NMHL can guide borrowers through the application process for these programs, ensuring they receive the support they need to achieve homeownership.
Take advantage of Oklahoma's first-time homebuyer programs with NMHL's expert assistance.
NMHL Mortgage Programs for Owasso Borrowers
NMHL offers a range of mortgage programs tailored to Owasso borrowers' needs, including:
- FHA loans: Ideal for first-time homebuyers or those with credit challenges.
- VA loans: Available to veterans and active military personnel.
- USDA loans: Suitable for borrowers purchasing homes in rural areas.
Our mortgage experts can help borrowers determine the best program for their situation.
Explore NMHL's mortgage programs and find the best fit for your needs.
Frequently Asked Questions
Mortgage rates in Owasso vary based on the type of loan, credit score, and other factors. NMHL offers competitive rates starting from 6.5% APR for conventional loans. For the most up-to-date rates and to get pre-approved, contact NMHL directly.
Yes, Owasso homebuyers can access several down payment assistance programs. The Oklahoma Housing Finance Agency (OHFA) offers down payment assistance of up to 3.5% of the home's purchase price. NMHL can guide borrowers through the application process for these programs.
Property taxes in Owasso are calculated based on the home's value and the local tax rate. The average effective property tax rate in Owasso is 0.83%. Homebuyers should factor property taxes into their overall cost of homeownership. NMHL can help borrowers understand how property taxes impact their mortgage payments.
Owasso has several desirable neighborhoods, including the Villages of Owasso, Oak Ridge Estates, and Crestwood Addition. These areas offer a range of housing options, from starter homes to luxury residences. NMHL's local expertise can help borrowers navigate these neighborhoods and find the best mortgage options.
While bad credit can make it more challenging to secure a mortgage, NMHL offers mortgage options for borrowers with credit challenges. We consider factors beyond credit scores, such as income and debt-to-income ratio, to determine mortgage eligibility. Contact NMHL to discuss your specific situation.
Working with a local mortgage lender like NMHL provides Owasso borrowers with personalized service, local market expertise, and a deeper understanding of the community's needs. We can offer more flexible mortgage options and faster processing times compared to larger, national lenders.
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Ready to Buy in Owasso?
Let NMHL help you navigate the Owasso housing market with expert guidance and competitive rates.