NMHL Mortgage Lending
Mortgage Lender in Dallas, TX
Local expertise and competitive rates for Dallas homebuyers.
Dallas, Texas, is experiencing a dynamic housing market, driven by a strong job market and growing population. The median home price stands at $350,000, with neighborhoods ranging from luxury high-rises in Uptown to charming bungalows in Lakewood. At National Mortgage Home Loans (NMHL), we understand the unique challenges faced by Dallas borrowers, including those with bad credit, self-employed individuals, and first-time homebuyers. Our specialized mortgage programs are designed to help these underserved groups achieve their homeownership goals.
As a trusted mortgage lender in Dallas, NMHL offers a range of loan options, including conventional, FHA, and VA loans. Our experienced loan officers are knowledgeable about the local market and can guide borrowers through the pre-approval process, helping them navigate the competitive Dallas housing market.
Whether you're a seasoned homeowner or a first-time buyer, NMHL is committed to providing personalized service and competitive rates. Our Dallas mortgage experts are ready to help you explore your financing options and find the best mortgage solution for your needs.
Dallas Housing Market Overview
Dallas combines a thriving job market driven by tech, finance, and telecommunications with a rapidly growing population. The city's diverse neighborhoods offer options at every price point, from luxury high-rises in Uptown to charming bungalows in Lakewood.
Dallas Neighborhoods
Popular areas for homebuyers in Dallas, TX
ZIP Codes We Serve in Dallas
Mortgage lending available in these Dallas ZIP codes
See What You Qualify For
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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 Dallas
Explore mortgage options tailored to Dallas 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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Dallas Neighborhoods: From Luxury to Affordable
Dallas is a city of diverse neighborhoods, each with its unique character and charm. From the upscale high-rises in Uptown to the historic bungalows in Lakewood, there's something for every taste and budget. Some popular neighborhoods include:
- Uptown: Luxury living with high-end amenities
- Deep Ellum: Vibrant arts and culture scene
- Highland Park: Upscale suburban living with excellent schools
- Bishop Arts: Charming neighborhood with a small-town feel
- Lakewood: Historic bungalows and a family-friendly atmosphere
NMHL's knowledgeable loan officers can help you navigate the different neighborhoods and find the best mortgage options for your needs.
Get pre-approved today and discover your dream neighborhood in Dallas!
Understanding Property Taxes in Dallas
As a homeowner in Dallas, you'll need to factor property taxes into your mortgage planning. The average property tax rate in Dallas is 1.93%, which is above the national average. However, Texas has no state income tax, which helps offset the higher property tax burden. NMHL can help you understand how property taxes affect your mortgage payments and overall cost of homeownership.
Don't let property taxes catch you off guard – plan ahead with NMHL's mortgage experts.
First-Time Homebuyer Programs in Texas
Texas offers several programs to help first-time homebuyers achieve their dreams. The Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program provides 3% or 5% down payment assistance, while the Texas Homebuyer Program offers competitive interest rates and down payment assistance. NMHL can help you explore these programs and determine your eligibility.
To qualify, borrowers typically need to meet income limits, credit score requirements, and complete a homebuyer education course. NMHL's experienced loan officers can guide you through the process and help you find the best program for your needs.
Take advantage of Texas's first-time homebuyer programs – contact NMHL today to get started!
NMHL Mortgage Programs for Dallas Borrowers
At NMHL, we're committed to serving the diverse needs of Dallas borrowers. Our mortgage programs cater to a range of credit profiles, including those with bad credit or self-employed individuals. We also offer specialized programs for veterans, such as VA loans with competitive rates and low fees.
Our loan officers are knowledgeable about the local market and can help you navigate the mortgage process. From pre-approval to closing, NMHL is dedicated to providing personalized service and competitive rates.
Get pre-approved with NMHL and discover your mortgage options in Dallas – contact us today!
Frequently Asked Questions
Dallas property taxes average around 1.93%, which is above the national average. However, Texas has no state income tax, which helps offset the higher property tax burden for homeowners. NMHL can help you factor property taxes into your mortgage planning.
Dallas has transitioned from a highly competitive seller's market to a more balanced market, with gradually increasing inventory. This shift creates opportunities for buyers, but it's still essential to work with a knowledgeable lender like NMHL to move quickly when the right home appears.
Conventional and FHA loans are the most popular in Dallas, with VA loans also being common due to the area's military presence. Jumbo loans serve the luxury market in areas like Highland Park and Preston Hollow. NMHL offers a range of loan options to suit different borrower needs.
School districts play a significant role in determining home values in Dallas. Highly-rated districts like Highland Park ISD and Dallas ISD's magnet schools can increase property values. NMHL can help you understand how school districts affect your mortgage options and homebuying decisions.
Texas offers several first-time homebuyer programs, including the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which provides 3% or 5% down payment assistance. NMHL can help you explore these programs and determine your eligibility.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized programs for borrowers with less-than-perfect credit. Our loan officers can help you explore options, such as FHA loans, which have more lenient credit score requirements.
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Ready to Buy in Dallas?
Let NMHL help you navigate the Dallas housing market with expert guidance and competitive rates.