NMHL Mortgage Lending
Mortgage Lender in Amarillo, TX
Local expertise and competitive rates for Amarillo homebuyers.
Amarillo, Texas, is experiencing a dynamic housing market, with a current median home price of around $183,000 according to recent data. As a borrower looking for mortgage options in Amarillo, you're likely navigating a complex landscape of interest rates, loan programs, and local regulations. At National Mortgage Home Loans (NMHL), we're committed to helping you achieve your homeownership goals with personalized service and competitive rates tailored to the Amarillo market.
Our expertise extends to serving underserved borrowers, including those with bad credit, self-employed individuals, first-time buyers, and veterans. NMHL offers a range of mortgage products, including FHA, VA, USDA, Conventional, and Jumbo loans, ensuring that you have access to the best financing options for your situation. Whether you're purchasing a home in the desirable Paramount Terrace neighborhood or refinancing your existing mortgage in the Amarillo ISD area, our knowledgeable loan officers are here to guide you every step of the way.
Amarillo Housing Market Overview
Explore mortgage options in Amarillo, TX with NMHL. Our local expertise helps you navigate the Amarillo 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 Amarillo
Explore mortgage options tailored to Amarillo 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 Amarillo's Housing Market
The Amarillo housing market is characterized by a mix of older and newer homes, with a growing inventory of single-family residences. Neighborhoods like Paramount Terrace and Wolflin Estates are popular among families, while areas like downtown Amarillo are attracting young professionals. As a borrower, it's essential to understand the local market conditions, including the median home price, days on market, and sales trends.
- Median home price: $183,000
- Average days on market: 60-90 days
- Sales trends: Gradual appreciation, with some fluctuations
Stay ahead of the competition by getting pre-approved with NMHL today.
NMHL Mortgage Programs for Amarillo Borrowers
At NMHL, we're committed to serving the diverse needs of Amarillo borrowers. Our mortgage programs include FHA, VA, USDA, Conventional, and Jumbo loans, as well as specialty products for self-employed individuals and those with bad credit. Our loan officers are knowledgeable about the local market and can help you navigate the complexities of each program to find the best fit for your situation.
Some of our most popular programs include:
- NMHL Advantage: Our proprietary program for first-time buyers and those with limited credit history
- Down Payment Advantage: Assistance with up to 4% of the purchase price
- VA Loans: Competitive rates and zero-down financing for eligible veterans
Contact NMHL today to explore your mortgage options and get pre-approved.
Amarillo Neighborhoods and Communities
Amarillo is a diverse city with a range of neighborhoods to suit different lifestyles and preferences. From the historic homes of Paramount Terrace to the modern amenities of Wolflin Estates, there's something for everyone. Other popular areas include:
- Downtown Amarillo: Vibrant nightlife, cultural attractions, and entertainment
- Amarillo ISD: Highly-rated schools and a strong sense of community
- River Road: Scenic views and outdoor recreational opportunities
Our loan officers are familiar with the local neighborhoods and can help you find the best mortgage options for your dream home.
Let NMHL help you find your perfect home in Amarillo.
Property Taxes and Insurance in Amarillo
As a homeowner in Amarillo, you'll need to consider property taxes and insurance as part of your overall housing costs. The average effective property tax rate in Amarillo is around 1.04%, which is slightly higher than the statewide average. Additionally, homeowners insurance premiums can vary depending on factors like location, property value, and risk factors like flood zones or wildfire areas.
Our loan officers can help you understand these costs and factor them into your mortgage planning. We may also be able to recommend insurance providers and other resources to help you protect your investment.
Get a comprehensive understanding of your mortgage costs with NMHL's personalized guidance.
Frequently Asked Questions
The average effective property tax rate in Amarillo is approximately 1.04%, which is slightly higher than the statewide average. For a median-priced home of $183,000, this translates to around $1,903 in annual property taxes. It's essential to factor these costs into your mortgage planning to ensure you're prepared for the total cost of homeownership.
Amarillo is served by several school districts, including Amarillo ISD, Canyon ISD, and River Road ISD. Homebuyers often prioritize highly-rated districts like Amarillo ISD, which can impact home values and resale potential. Research suggests that homes in top-rated districts can command a premium, making it crucial to consider school district boundaries when evaluating neighborhoods.
Texas offers several programs to assist first-time homebuyers, including the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which provides up to 5% in down payment assistance. NMHL can help you navigate these programs and determine your eligibility for assistance. Additionally, our loan officers can guide you through our proprietary NMHL Advantage program, designed to help first-time buyers overcome common obstacles to homeownership.
While bad credit can present challenges, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our loan officers can help you explore alternatives, such as FHA loans, which allow credit scores as low as 580, or subprime loan products. We may also consider compensating factors, like a stable income or significant down payment, to offset credit concerns.
Amarillo borrowers can access various down payment assistance programs, including the City of Amarillo's Homebuyer Assistance Program, which provides up to $10,000 in assistance. Additionally, NMHL offers our Down Payment Advantage program, which can help with up to 4% of the purchase price. Our loan officers can help you determine the best option for your situation and guide you through the application process.
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Ready to Buy in Amarillo?
Let NMHL help you navigate the Amarillo housing market with expert guidance and competitive rates.