NMHL Mortgage Lending
Mortgage Lender in Knoxville, TN
Local expertise and competitive rates for Knoxville homebuyers.
Knoxville Housing Market Overview
Explore mortgage options in Knoxville, TN with NMHL. Our local expertise helps you navigate the Knoxville 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 Knoxville
Explore mortgage options tailored to Knoxville 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 Knoxville's Housing Market
Knoxville's housing market is characterized by a mix of historic homes, new constructions, and a growing demand for housing. The city's median home price is around $240,000, with prices varying by neighborhood and property type. NMHL's local expertise helps you navigate this market and find the right mortgage solution.
Some of Knoxville's most sought-after neighborhoods include:
- Downtown Knoxville: Ideal for those who want to be close to the city's vibrant cultural scene.
- Bearden: A family-friendly neighborhood with good schools and outdoor recreational opportunities.
- Old City: Known for its historic charm and trendy restaurants and bars.
NMHL offers pre-approval and personalized mortgage guidance to help you succeed in Knoxville's competitive housing market.
Mortgage Options for Knoxville Borrowers
At NMHL, we offer a range of mortgage programs tailored to Knoxville borrowers, including:
- FHA Loans: Ideal for first-time homebuyers or those with lower credit scores.
- VA Loans: Available to veterans, active-duty military, and surviving spouses.
- USDA Loans: For borrowers purchasing homes in rural areas.
- Conventional Loans: Suitable for borrowers with good credit and stable income.
Our mortgage specialists will work with you to determine the best program for your situation.
Get pre-approved today with NMHL and take the first step towards homeownership in Knoxville.
First-Time Homebuyer Programs in Tennessee
Tennessee offers several programs to support first-time homebuyers, including the THDA Great Choice Home Loan Program. This program provides:
- Competitive interest rates
- Down payment assistance
- Flexible credit scoring
NMHL is an approved lender for these programs and can guide you through the application process.
Don't miss out on the opportunity to become a homeowner in Knoxville. Explore first-time homebuyer programs with NMHL today.
Down Payment Assistance in Knoxville
Down payment assistance programs can help make homeownership more accessible in Knoxville. Options include:
- THDA Down Payment Assistance: Offers up to 5% of the home's purchase price.
- NMHL's Down Payment Assistance Programs: We offer various programs to help with down payment and closing costs.
Our mortgage experts can help you determine the best down payment assistance option for your situation.
NMHL can help you explore down payment assistance programs and find the right mortgage solution for your Knoxville home purchase.
Frequently Asked Questions
Knoxville's popular neighborhoods include Downtown Knoxville, Old City, North Knoxville, and Bearden. Each neighborhood has its unique character and advantages, from the vibrant nightlife of Downtown to the family-friendly atmosphere of Bearden. NMHL can help you explore mortgage options tailored to your preferred neighborhood.
Property taxes in Knoxville are administered by the Knox County Assessor's Office. The average effective property tax rate in Knox County is approximately 0.76%. NMHL can guide you through how property taxes impact your mortgage payments and overall cost of homeownership.
Tennessee offers several programs for first-time homebuyers, including the Tennessee Housing Development Agency (THDA) Great Choice Home Loan Program, which provides competitive interest rates and down payment assistance. NMHL is an approved lender for these programs and can help you navigate the application process.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our FHA and subprime loan programs can help you qualify for a mortgage even with a lower credit score. We consider a range of factors beyond credit score, including income, debt-to-income ratio, and employment history.
School districts play a significant role in determining home values in Knoxville. Highly-rated districts like Knox County's West and South Districts can command higher home prices. NMHL can help you understand how school districts impact your mortgage options and homebuying decisions.
Knoxville homebuyers can access various down payment assistance programs, including the THDA's down payment assistance program, which offers up to 5% of the home's purchase price. NMHL can help you explore these options and determine the best fit for your financial situation.
Related Resources
Ready to Buy in Knoxville?
Let NMHL help you navigate the Knoxville housing market with expert guidance and competitive rates.