NMHL Mortgage Lending
Mortgage Lender in Austin, TX
Local expertise and competitive rates for Austin homebuyers.
Austin, Texas, is a thriving city with a strong economy and a diverse housing market. As of the latest estimates, the median home price in Austin is around $430,000, with homes appreciating at a rate of 5-7% annually. At National Mortgage Home Loans (NMHL), we understand the unique challenges and opportunities that come with buying or refinancing a home in Austin. Our team is dedicated to providing personalized mortgage solutions to borrowers across the city, from first-time homebuyers to seasoned homeowners looking to refinance.
Whether you're looking to purchase a home in a vibrant neighborhood like East Austin or South Congress, or you're seeking to refinance your existing mortgage, NMHL is here to help. We offer a range of mortgage programs, including FHA, VA, and conventional loans, with competitive rates and flexible terms. Our mortgage experts are well-versed in the local market and can guide you through the process, from pre-approval to closing.
With NMHL, you can trust that you're working with a lender who understands the Austin market and is committed to helping you achieve your homeownership goals. We're proud to serve borrowers across the city, providing expert guidance and support every step of the way.
Austin Housing Market Overview
Explore mortgage options in Austin, TX with NMHL. Our local expertise helps you navigate the Austin 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 Austin
Explore mortgage options tailored to Austin 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 Austin Housing Market
The Austin housing market is known for its competitiveness, with a limited supply of homes for sale and a strong demand from buyers. As a result, home prices have been rising steadily over the past few years. However, with the right guidance and planning, you can still find a great deal on a home in Austin.
Some of the most popular neighborhoods in Austin include:
- East Austin: Known for its vibrant arts and culture scene, East Austin is a popular area for young professionals and families.
- South Congress: This eclectic neighborhood is home to a mix of boutique shops, restaurants, and entertainment venues.
- Hyde Park: A charming neighborhood with a small-town feel, Hyde Park is a great option for families and those looking for a more suburban lifestyle.
Ready to start your homebuying journey? Contact NMHL today to schedule a consultation and take the first step towards owning your dream home in Austin.
First-Time Homebuyer Programs in Texas
If you're a first-time homebuyer in Austin, there are several programs available to help you get into your dream home. The Texas Department of Housing and Community Affairs offers programs like the My First Texas Home program, which provides up to 5% in down payment assistance. We can help you explore these options and determine which ones you may be eligible for.
In addition to state-level programs, there are also local initiatives available to help first-time homebuyers in Austin. For example, the City of Austin's Homebuyer Program provides up to $40,000 in down payment and closing cost assistance.
Don't let a lack of savings hold you back from buying a home. Explore our first-time homebuyer programs and get started today.
Mortgage Options for Underserved Borrowers in Austin
At NMHL, we're committed to serving borrowers who may not fit the traditional mortgage mold. We offer a range of mortgage programs designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans.
Our mortgage experts are experienced in working with borrowers who have faced credit challenges in the past. We can help you explore options like FHA loans, VA loans, and other specialized programs that may be a good fit for your situation.
Don't let credit challenges hold you back from owning a home. Contact NMHL today to explore your mortgage options and get started on your path to homeownership.
Property Taxes and School Districts in Austin
When buying a home in Austin, it's essential to consider the local property taxes and school districts. Travis County, where Austin is located, has an average property tax rate of 1.94%. This means that on a $400,000 home, you can expect to pay around $7,760 per year in property taxes.
Austin is served by several highly-rated school districts, including the Austin Independent School District and the Eanes Independent School District. We can help you understand how the local school districts may impact your home's value and your property taxes.
Get a clear understanding of the local property taxes and school districts in Austin. Contact NMHL today to schedule a consultation and get started on your homebuying journey.
Frequently Asked Questions
Mortgage rates in Austin vary depending on the type of loan, your credit score, and other factors. At NMHL, we're currently offering competitive rates starting at 6.5% APR for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss your mortgage options.
While a good credit score can help you qualify for better mortgage rates, we understand that credit challenges can arise. At NMHL, we offer mortgage programs for borrowers with credit scores as low as 580. We'll work with you to explore your options and find a solution that fits your financial situation.
Travis County, where Austin is located, has an average property tax rate of 1.94%. This means that on a $400,000 home, you can expect to pay around $7,760 per year in property taxes. We can help you factor this into your mortgage planning and explore options for reducing your tax burden.
Yes, there are several down payment assistance programs available to homebuyers in Austin. The Texas Department of Housing and Community Affairs offers programs like the My First Texas Home program, which provides up to 5% in down payment assistance. We can help you explore these options and determine which ones you may be eligible for.
Getting pre-approved for a mortgage with NMHL is easy. Simply contact us to schedule a consultation, and we'll review your financial situation and provide a pre-approval letter. This letter will give you a clear understanding of how much you can afford and will also make you a more attractive buyer to sellers.
Austin has a wide range of neighborhoods to choose from, each with its own unique character. Some of the most popular areas include East Austin, South Congress, and Hyde Park. We're familiar with the local market and can help you explore the different neighborhoods to find the one that best fits your needs and budget.
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Ready to Buy in Austin?
Let NMHL help you navigate the Austin housing market with expert guidance and competitive rates.