NMHL Mortgage Lending
Mortgage Lender in Frisco, TX
Local expertise and competitive rates for Frisco homebuyers.
Frisco, Texas, is experiencing rapid growth, with a current population of over 200,000 residents and a median home price of around $430,000. As the city continues to expand, National Mortgage Home Loans (NMHL) is here to help both new and seasoned homebuyers navigate the local mortgage landscape. Our expertise in serving underserved borrowers, including those with bad credit, self-employed individuals, and first-time buyers, makes us the go-to lender in Frisco.
The Frisco housing market is characterized by a mix of new constructions and established neighborhoods, offering a range of options for buyers. From the family-friendly atmosphere of Lakewood and Preston Ridge to the upscale communities of Star Trail and The Hills of Frisco, there's something for everyone. NMHL's local knowledge and competitive rates ensure that Frisco residents can find the right mortgage solution for their needs.
At NMHL, we understand the unique challenges faced by Frisco homebuyers, from navigating property taxes to securing down payment assistance. Our team is dedicated to providing personalized service and guidance throughout the mortgage process. With NMHL, you can trust that you're working with a lender who truly understands the Frisco market and is committed to helping you achieve your homeownership goals.
Frisco Housing Market Overview
Explore mortgage options in Frisco, TX with NMHL. Our local expertise helps you navigate the Frisco real estate market with competitive rates and personalized service.
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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 Frisco
Explore mortgage options tailored to Frisco 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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Exploring Frisco Neighborhoods
Frisco is home to a diverse range of neighborhoods, each with its own unique character and charm. From the family-friendly atmosphere of Lakewood and Preston Ridge to the upscale communities of Star Trail and The Hills of Frisco, there's something for everyone. Some popular neighborhoods to consider include:
- Lakewood: Known for its community parks and family-friendly atmosphere.
- Preston Ridge: Offers a mix of single-family homes and townhomes, with easy access to shopping and dining.
- Star Trail: Features upscale homes and a strong sense of community.
- The Hills of Frisco: Offers luxury homes and stunning views of the surrounding landscape.
NMHL can help you explore mortgage options for homes in these and other Frisco neighborhoods.
NMHL's local expertise can help you navigate the Frisco housing market and find the right mortgage solution for your needs.
Mortgage Options for Frisco Homebuyers
At NMHL, we offer a range of mortgage options to suit the needs of Frisco homebuyers. From conventional loans to FHA, VA, and USDA loans, we have the expertise to guide you through the process. Our loan programs include:
- Conventional loans: With down payment options as low as 3%.
- FHA loans: With down payment options as low as 3.5%.
- VA loans: Offering zero-down financing for eligible veterans and service members.
- USDA loans: Providing zero-down financing for homes in eligible rural areas.
NMHL's mortgage experts can help you determine which loan program is best for your situation and guide you through the application process.
NMHL's competitive rates and personalized service make us the go-to lender in Frisco.
Understanding Property Taxes in Frisco
As a homeowner in Frisco, you'll need to factor property taxes into your mortgage planning. The average effective property tax rate in Frisco is around 1.04%, which is slightly lower than the statewide average. For a home valued at $430,000, this translates to approximately $4,472 in annual property taxes. NMHL can help you understand how property taxes will impact your mortgage payments and explore options for reducing your tax burden.
NMHL's local knowledge can help you navigate the complexities of property taxes in Frisco.
Down Payment Assistance in Frisco
NMHL offers a range of down payment assistance programs to help Frisco homebuyers achieve their goals. From the City of Frisco's Homebuyer Assistance Program to state and national programs, we can help you explore your options. Some popular down payment assistance programs include:
- City of Frisco Homebuyer Assistance Program: Provides up to $10,000 in assistance.
- Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program: Offers up to 5% down payment assistance.
NMHL's experts can help you determine which programs you may be eligible for and guide you through the application process.
NMHL can help you explore down payment assistance options and find a mortgage solution that fits your needs.
Frequently Asked Questions
The average effective property tax rate in Frisco is around 1.04%, which is slightly lower than the statewide average. For a home valued at $430,000, this translates to approximately $4,472 in annual property taxes. NMHL can help you factor property taxes into your mortgage planning and explore options for reducing your tax burden.
Frisco is served by the Frisco Independent School District (FISD), which is highly rated and has a significant impact on local home values. Homes located within the boundaries of top-performing FISD schools tend to command higher prices and appreciate more over time. NMHL can help you understand how school district boundaries may affect your home purchase and mortgage options.
Texas offers several programs for first-time homebuyers, including the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which provides up to 5% down payment assistance. NMHL can help you explore these options and determine which programs you may be eligible for.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our experts can help you explore options, such as FHA loans or subprime mortgages, and guide you through the process of improving your credit score to qualify for better rates.
NMHL offers a range of mortgage options for self-employed borrowers, including stated income loans and bank statement loans. Our team understands the unique financial situations of self-employed individuals and can help you navigate the mortgage process to find a solution that meets your needs.
Yes, Frisco homebuyers may be eligible for down payment assistance programs, such as the City of Frisco's Homebuyer Assistance Program, which provides up to $10,000 in assistance. NMHL can help you explore these options and determine which programs you may be eligible for.
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