NMHL Mortgage Lending
Mortgage Lender in Reading, PA
Local expertise and competitive rates for Reading homebuyers.
Reading, Pennsylvania, offers a unique blend of affordability and economic growth, making it an attractive location for homebuyers. With a median home price of $145,000, Reading is one of the most affordable markets in the Northeast. National Mortgage Home Loans (NMHL) is well-positioned to serve Reading borrowers, offering a range of mortgage programs tailored to meet the needs of first-time homebuyers, those with bad credit, and self-employed individuals.
The local housing market in Reading is characterized by a mix of older homes and new developments, with neighborhoods like West Reading, Wyomissing, and Muhlenberg offering a range of options for buyers. NMHL's expertise in the local market and access to a variety of loan products make us the go-to lender for Reading borrowers.
At NMHL, we understand the challenges faced by borrowers in Reading, from navigating property taxes to finding the right mortgage program. Our team is dedicated to providing personalized service and guidance throughout the homebuying process.
Reading Housing Market Overview
Reading offers extreme affordability within commuting distance of Philadelphia. The city's outlet shopping heritage has evolved into a more diversified economy, while surrounding Berks County provides suburban options with excellent value.
Reading Neighborhoods
Popular areas for homebuyers in Reading, PA
ZIP Codes We Serve in Reading
Mortgage lending available in these Reading ZIP codes
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 Reading
Explore mortgage options tailored to Reading 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
Real reviews from Google — no cherry-picking
Our Presence
Click on endorsed states to see our direct resources!
Understanding the Reading Housing Market
The Reading housing market is characterized by a mix of older homes and new developments. Neighborhoods like West Reading, Wyomissing, and Muhlenberg offer a range of options for buyers, from historic homes to modern new construction. The median home price in Reading is $145,000, making it an attractive location for first-time homebuyers and those looking to upgrade or downsize.
- The city's proximity to Philadelphia and the surrounding suburbs makes it an attractive option for commuters.
- The local economy is diversified, with major industries including healthcare, education, and manufacturing.
- The logistics sector is also growing, driven by Reading's strategic location along I-76 and I-78.
NMHL's expertise in the local market and access to a variety of loan products make us the go-to lender for Reading borrowers.
First-Time Homebuyer Programs in Pennsylvania
Pennsylvania offers a range of programs to help first-time homebuyers achieve their goals. The Pennsylvania Housing Finance Agency (PHFA) offers programs such as the HOMEstead Downpayment and Closing Cost Assistance Program, which provides up to 4% of the home's purchase price in down payment assistance. NMHL can help borrowers navigate these programs and determine their eligibility.
In addition to state-level programs, there are also local initiatives available to help first-time homebuyers in Reading. Our team is knowledgeable about these programs and can help you explore your options.
NMHL's first-time homebuyer programs offer flexible credit scoring and low down payment options.
Mortgage Options for Underserved Borrowers in Reading
At NMHL, we understand that not all borrowers fit the traditional mortgage mold. That's why we offer a range of mortgage programs designed to meet the needs of underserved borrowers, including those with bad credit, self-employed individuals, and veterans.
- Our bad credit mortgage programs can help borrowers with credit scores as low as 580 qualify for a mortgage.
- Our self-employed mortgage programs accommodate non-traditional income sources, such as business ownership or freelance work.
- Our VA loan programs offer benefits such as zero-down financing, lower interest rates, and reduced closing costs.
NMHL is committed to helping underserved borrowers achieve their homeownership goals.
Getting Pre-Approved for a Mortgage in Reading
Getting pre-approved for a mortgage is an important step in the homebuying process. At NMHL, we offer a range of pre-approval options, including online pre-approval and in-person consultations. Our team will work with you to determine your borrowing power and guide you through the pre-approval process.
To get started, simply contact us or apply online. We'll take care of the rest.
NMHL's pre-approval process is fast, easy, and free.
Frequently Asked Questions
The average property tax rate in Reading is 1.48%. While this is relatively high compared to some other parts of the country, the low median home price helps keep overall property tax bills manageable. For example, on a $145,000 home, the annual property tax bill would be around $2,146.
Yes, there are several down payment assistance programs available to homebuyers in Reading. The Pennsylvania Housing Finance Agency (PHFA) offers a range of programs, including the HOMEstead Downpayment and Closing Cost Assistance Program, which provides up to 4% of the home's purchase price in down payment assistance. NMHL can help borrowers navigate these programs and determine their eligibility.
School districts play a significant role in determining home values in Reading. The Reading School District serves the city, while surrounding areas are served by districts such as Wyomissing Area School District and Exeter Township School District. Homes in areas with highly-rated school districts tend to command higher prices and appreciate more over time.
Yes, NMHL offers mortgage programs for borrowers with bad credit. While credit scores are an important factor in the mortgage application process, we consider a range of other factors, including income, debt-to-income ratio, and employment history. Our bad credit mortgage programs can help borrowers with credit scores as low as 580 qualify for a mortgage.
As a self-employed borrower, you may face unique challenges when applying for a mortgage. NMHL's self-employed mortgage programs are designed to accommodate non-traditional income sources, such as business ownership or freelance work. Our team will work with you to determine your income and find a mortgage program that meets your needs.
Yes, NMHL offers a range of mortgage programs specifically designed for veterans, including VA loans. These programs offer benefits such as zero-down financing, lower interest rates, and reduced closing costs. Our team is experienced in working with veterans and can help guide you through the application process.
Related Resources
Ready to Buy in Reading?
Let NMHL help you navigate the Reading housing market with expert guidance and competitive rates.