NMHL Mortgage Lending
Mortgage Lender in Wilkes-Barre, PA
Local expertise and competitive rates for Wilkes-Barre homebuyers.
Wilkes-Barre Housing Market Overview
Explore mortgage options in Wilkes-Barre, PA with NMHL. Our local expertise helps you navigate the Wilkes-Barre 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 Wilkes-Barre
Explore mortgage options tailored to Wilkes-Barre 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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Understanding the Wilkes-Barre Housing Market
The Wilkes-Barre housing market is characterized by a mix of older homes and new constructions, with a median home price of around $143,000. The city's proximity to major highways and its rich cultural heritage make it an attractive destination for homebuyers.
The local real estate market is influenced by factors such as property taxes, school districts, and neighborhood characteristics. Luzerne County's average effective property tax rate is around 1.25%, which is relatively high compared to national averages.
NMHL's local expertise can help you navigate the complexities of the Wilkes-Barre housing market and find the best mortgage options for your needs.
First-Time Homebuyer Programs in Pennsylvania
Pennsylvania offers several programs to assist first-time homebuyers, including the PHFA Keystone Home Loan Program and the HOMEstead Downpayment and Closing Cost Assistance Program. These programs provide financial assistance, competitive interest rates, and education to help homebuyers achieve their goals.
- The PHFA Keystone Home Loan Program offers up to $6,000 in down payment and closing cost assistance.
- The HOMEstead Program provides up to $10,000 in down payment and closing cost assistance.
NMHL can help you explore these programs and determine your eligibility. Our experts will guide you through the application process and ensure you receive the best possible mortgage terms.
NMHL Mortgage Options for Wilkes-Barre Borrowers
At NMHL, we offer a range of mortgage options tailored to the needs of Wilkes-Barre borrowers, including FHA, VA, USDA, Conventional, and Jumbo loans. Our experts will help you navigate the mortgage process and find the best loan for your situation.
For borrowers with bad credit, we offer specialized mortgage programs, including FHA loans with more lenient credit score requirements.
Contact NMHL today to explore your mortgage options and receive a personalized pre-approval.
Down Payment Assistance Programs in Wilkes-Barre
Down payment assistance programs can help Wilkes-Barre homebuyers overcome one of the biggest hurdles to homeownership: saving for a down payment. The Pennsylvania Housing Finance Agency (PHFA) offers several programs, including the HOMEstead Downpayment and Closing Cost Assistance Program.
NMHL can help you explore these programs and determine your eligibility.
Don't let down payment requirements hold you back from achieving your homeownership goals. Contact NMHL to learn more about down payment assistance programs in Wilkes-Barre.
Frequently Asked Questions
Wilkes-Barre has several charming neighborhoods, including the downtown area, Kingston Township, and the Heights. Each neighborhood offers a unique character and lifestyle. Our mortgage experts can help you find the best mortgage options for your chosen neighborhood.
Property taxes in Wilkes-Barre are administered by Luzerne County. The average effective property tax rate is around 1.25%. NMHL can help you understand how property taxes impact your mortgage payments and overall homeownership costs.
Local mortgage lenders like NMHL have in-depth knowledge of the Wilkes-Barre housing market, allowing us to provide more personalized service and tailored mortgage solutions. We understand the local economy, neighborhoods, and community needs, ensuring you receive the best possible guidance throughout the mortgage process.
Yes, NMHL offers mortgage options for borrowers with bad credit. We work with various lenders and programs, including FHA loans, which can be more lenient with credit scores. Our experts will help you explore available options and create a plan to improve your credit score if needed.
Pennsylvania offers several first-time homebuyer programs, including the Pennsylvania Housing Finance Agency (PHFA) Keystone Home Loan Program and the HOMEstead Downpayment and Closing Cost Assistance Program. NMHL can help you navigate these programs and determine your eligibility.
School districts play a significant role in determining home values in Wilkes-Barre. The Wilkes-Barre Area School District serves the city and surrounding areas. Homes located within highly-rated school districts tend to have higher property values. Our mortgage experts can help you understand how school districts impact your mortgage options and homeownership costs.
Related Resources
Ready to Buy in Wilkes-Barre?
Let NMHL help you navigate the Wilkes-Barre housing market with expert guidance and competitive rates.