NMHL Mortgage Lending
Mortgage Lender in State College, PA
Local expertise and competitive rates for State College homebuyers.
State College Housing Market Overview
Explore mortgage options in State College, PA with NMHL. Our local expertise helps you navigate the State College 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 State College
Explore mortgage options tailored to State College 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 State College's Housing Market
The State College housing market is influenced by Penn State University's presence, with a mix of rental properties and owner-occupied homes. The median home price is around $340,000, with a range of housing types available, from older homes to new constructions. NMHL's local expertise helps borrowers navigate this unique market and find the right mortgage solution.
Some of the most popular neighborhoods in State College include:
- Downtown State College, with its vibrant atmosphere and walkability
- College Heights, known for its family-friendly environment
- Areas surrounding Penn State University, popular with students and faculty
Contact NMHL to discuss your mortgage options and get pre-approved for a home loan in State College.
Mortgage Options for State College Borrowers
At NMHL, we offer a range of mortgage products tailored to State College borrowers, including:
- FHA loans with down payments as low as 3.5%
- VA loans for eligible veterans and service members
- USDA loans for borrowers purchasing homes in rural areas
- Conventional loans with competitive rates and terms
- Jumbo loans for higher-priced homes
Our mortgage experts will work with you to identify the best mortgage option based on your financial situation and goals.
Get started with NMHL today and explore your mortgage options in State College.
Down Payment Assistance Programs in State College
State College borrowers can take advantage of several down payment assistance programs, including:
- The PA State Homebuyer's Program, which provides up to $6,000 in down payment assistance
- The PHFA Down Payment Assistance Program, which offers up to 4% of the home's purchase price in assistance
NMHL's mortgage experts can help you navigate these programs and identify the best option for your situation.
Contact NMHL to learn more about down payment assistance programs available in State College.
The Impact of School Districts on Home Values in State College
The State College Area School District is highly rated, with several schools receiving top marks from the Pennsylvania Department of Education. A strong school district can positively impact home values, making properties in the area more desirable to families. When buying a home in State College, consider the local school district and its reputation.
NMHL's local expertise can help you understand the impact of school districts on home values in State College.
Frequently Asked Questions
Mortgage rates in State College vary depending on the loan program, credit score, and other factors. At NMHL, we offer competitive rates starting from 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 options for first-time homebuyers in State College, including FHA loans with down payments as low as 3.5% and PA State Homebuyer's Program loans that provide up to $6,000 in down payment assistance. Our mortgage experts can help you navigate these programs and find the best fit for your situation.
State College property taxes are based on the assessed value of your home, with an average effective tax rate of 0.84%. The taxes are collected by the Centre County Tax Office and are used to fund local services and schools. As a homeowner, you'll need to factor property taxes into your overall housing costs.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. We consider alternative credit scoring models and have programs available for credit scores as low as 580. Our mortgage experts will work with you to identify the best mortgage options and provide guidance on improving your credit score.
State College has several desirable neighborhoods, including the Downtown area, College Heights, and Penn State's surrounding neighborhoods. Each area has its unique character and advantages, from proximity to campus to family-friendly amenities. NMHL's local expertise can help you understand the nuances of each neighborhood and find the best fit for your needs.
NMHL's pre-approval process is designed to be quick and straightforward. Simply contact us to schedule a consultation, and we'll review your financial information to provide a pre-approval letter stating the approved loan amount. This letter is typically valid for 60 days and can be used to make an offer on a home in State College.
Related Resources
Ready to Buy in State College?
Let NMHL help you navigate the State College housing market with expert guidance and competitive rates.