NMHL Mortgage Lending

Mortgage Lender in Pittsburgh, PA

Local expertise and competitive rates for Pittsburgh homebuyers.

$235,000Median Home Price
305KPopulation
Call Now: (248) 864-2200
Pittsburgh's transformation from a steel city to a tech hub has made it an attractive destination for homebuyers. With a median home price of $235,000, Pittsburgh offers an affordable entry point into the housing market compared to other major US cities. At National Mortgage Home Loans (NMHL), we understand the unique challenges faced by Pittsburgh borrowers, including those with bad credit, self-employed individuals, and first-time homebuyers. Our specialized mortgage programs are designed to help these underserved groups achieve their homeownership goals. Whether you're looking to purchase a home in Lawrenceville, Squirrel Hill, or Shadyside, our experienced mortgage professionals can guide you through the process, from pre-approval to closing.

Pittsburgh Housing Market Overview

Pittsburgh has reinvented itself from a steel city into a hub for technology, robotics, and healthcare. Carnegie Mellon and the University of Pittsburgh drive innovation, while affordable housing and a revitalized cultural scene attract a new generation of residents.

$235,000Median Home Price
1.42%Avg Property Tax
305KPopulation
Beautiful modern home exterior

Find Your Home in Pittsburgh

Local expertise, national reach — we know your market

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Pittsburgh Neighborhoods

Popular areas for homebuyers in Pittsburgh, PA

LawrencevilleSquirrel HillShadysideStrip DistrictMount Washington

ZIP Codes We Serve in Pittsburgh

Mortgage lending available in these Pittsburgh ZIP codes

1520115203152061521315222

See What You Qualify For

Takes about 5 minutes. No obligation. No credit check until you are ready.

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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.

Family moving into their new home

Available Loan Programs in Pittsburgh

Explore mortgage options tailored to Pittsburgh homebuyers

First Time Home Buyer Mortgages

Special loan programs helping newcomers purchase their first home with favorable terms and support.

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Refi-Shield

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Adjustable-Rate Mortgage (ARM)

Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey

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High-Value Appraisal Program

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Interest Only Mortgages

Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.

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Home Equity Loans

Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...

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FHA Loans

Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...

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Fixed-Rate Mortgage

Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...

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Bridge Loans

Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...

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VA Loans

VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...

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Conventional Loans

Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...

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ITIN Loans

Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...

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Jumbo Loans

Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...

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DSCR Investment Loans

Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...

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Bank Statement Loans

Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...

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Reverse Mortgages

For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...

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USDA Mortgages

USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...

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Pittsburgh Neighborhoods to Watch

Pittsburgh's neighborhoods are as diverse as they are vibrant. Lawrenceville, with its arts scene and trendy restaurants, has become a hotspot for young professionals. Squirrel Hill, known for its family-friendly atmosphere and excellent schools, remains a sought-after destination for families. Shadyside, with its upscale boutiques and eateries, offers a more luxurious living experience. Whether you're drawn to the urban energy of the Strip District or the panoramic views from Mount Washington, Pittsburgh has a neighborhood to suit every lifestyle.

When choosing a neighborhood, consider factors like commute times, local amenities, and school districts. NMHL's local expertise can help you navigate these factors and find the perfect home to fit your needs and budget.

New to Pittsburgh? Let NMHL help you find your ideal neighborhood and secure the right mortgage for your new home.

Understanding Pittsburgh's Housing Market

Pittsburgh's housing market has experienced a resurgence in recent years, driven by its growing tech industry and revitalized cultural scene. The median home price of $235,000 makes it an attractive option for homebuyers compared to other major US cities. However, prices can vary significantly depending on the neighborhood, with areas like Squirrel Hill and Shadyside commanding premium prices.

  • The average days on market for homes in Pittsburgh is around 60 days, giving buyers a reasonable window to make a decision.
  • Inventory levels have been relatively stable, with a mix of new construction and existing homes available.
  • Interest rates continue to be a major factor in buyer affordability, making it essential to explore mortgage options carefully.

Stay ahead of the market with NMHL's expert guidance on Pittsburgh's housing trends and mortgage options.

Mortgage Options for Pittsburgh Borrowers

At NMHL, we offer a range of mortgage products tailored to the needs of Pittsburgh borrowers. Our programs cater to various financial situations, including those with bad credit, self-employed individuals, and first-time homebuyers.

For veterans, our VA Loan Program offers favorable terms, including no down payment requirements and lower interest rates. Our FHA Loan Program is ideal for first-time homebuyers, with down payments as low as 3.5%. For those who need more flexibility, our Non-QM Mortgage Program considers alternative credit scoring models and income documentation.

Explore NMHL's mortgage options today and find the best fit for your Pittsburgh home purchase.

Getting Pre-Approved for Your Pittsburgh Home Loan

Getting pre-approved is a crucial step in the homebuying process. At NMHL, our pre-approval process is straightforward and efficient. Simply contact us to discuss your mortgage needs, and we'll guide you through the pre-approval process. With our expertise and local knowledge, you'll be well on your way to securing your dream home in Pittsburgh.

Our NMHL Pre-Approval Tool allows you to check your eligibility and get pre-approved online. This tool provides a soft credit inquiry, so you can explore your options without impacting your credit score.

Start your pre-approval journey today with NMHL and take the first step towards homeownership in Pittsburgh.

Frequently Asked Questions

The average effective property tax rate in Pittsburgh is 1.42%. This means that on a $235,000 home, the annual property tax bill would be approximately $3,337. While this is relatively high compared to some other parts of the country, Pittsburgh's overall cost of living and housing prices help offset this cost.

School districts play a significant role in determining home values in Pittsburgh. The Pittsburgh Public Schools district serves many of the city's neighborhoods, including Squirrel Hill and Shadyside. Homes located within highly-rated school districts tend to command higher prices and appreciate faster over time. For example, homes in the vicinity of well-regarded schools like Winchester Thurston School or the Ellis School tend to be more valuable.

Pennsylvania offers several programs to help first-time homebuyers, including the Pennsylvania Housing Finance Agency (PHFA) Keystone Home Loan Program. This program provides competitive interest rates and down payment assistance of up to 4% of the home's purchase price. NMHL works closely with the PHFA to offer these programs to our borrowers, making it easier for first-time buyers to secure financing.

Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our Bad Credit Mortgage Program is designed for borrowers with credit scores as low as 580. We consider alternative credit scoring models and work with you to identify the best loan options for your situation. With a down payment as low as 3.5%, you may qualify for a mortgage despite past credit challenges.

Self-employed borrowers can benefit from NMHL's specialized mortgage programs. Our Self-Employed Mortgage Program considers alternative income documentation, such as business tax returns and bank statements, to qualify borrowers. This program is ideal for borrowers with non-traditional income streams or those who have experienced fluctuations in their income.

Yes, several down payment assistance programs are available to Pittsburgh borrowers. The NMHL Down Payment Assistance Program provides up to 4% of the home's purchase price towards down payment and closing costs. Additionally, the Pittsburgh Homeownership Program offers assistance to low- and moderate-income homebuyers. These programs can be combined with other NMHL mortgage products to help borrowers achieve their homeownership goals.

Ready to Buy in Pittsburgh?

Let NMHL help you navigate the Pittsburgh housing market with expert guidance and competitive rates.