NMHL Mortgage Lending
Mortgage Lender in McKinney, TX
Local expertise and competitive rates for McKinney homebuyers.
McKinney Housing Market Overview
Explore mortgage options in McKinney, TX with NMHL. Our local expertise helps you navigate the McKinney 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 McKinney
Explore mortgage options tailored to McKinney 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
Learn MoreWhat Our Clients Say
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Understanding the McKinney Housing Market
McKinney's housing market is characterized by a mix of older and newer homes, with a growing demand for single-family residences. The median home price is around $430,000, with prices varying depending on factors like neighborhood, age, and condition of the property.
Some of the most popular neighborhoods in McKinney include:
- Historic Downtown McKinney
- Valley Creek
- Chestnut Square
- Cedar Glen
NMHL can help you navigate these neighborhoods and find the best fit for your needs and budget.
Get pre-approved with NMHL today and take the first step towards homeownership in McKinney!
Mortgage Options for McKinney Borrowers
At NMHL, we offer a range of mortgage options to suit different needs and financial situations. Our programs include:
- FHA loans with down payments as low as 3.5%
- VA loans for veterans and active military personnel
- Conventional loans with competitive rates and terms
- Jumbo loans for high-end properties
- Specialty loans for self-employed borrowers and those with non-traditional income
Our mortgage experts can help you determine which program is best for you and guide you through the application process.
Contact NMHL today to explore your mortgage options and get pre-approved for your dream home in McKinney!
First-Time Homebuyer Programs in Texas
Texas offers several programs to help first-time homebuyers achieve their goals. These programs include:
- The Texas Department of Housing and Community Affairs (TDHCA) Down Payment Assistance Program
- The Texas Homebuyer Program, which offers up to 5% down payment assistance
NMHL can help you explore these programs and determine which ones you qualify for. Our mortgage experts will guide you through the application process and ensure you're taking advantage of the best available options.
Don't miss out on the opportunity to become a homeowner in McKinney! Contact NMHL today to learn more about first-time homebuyer programs.
Property Taxes in McKinney, TX
As a homeowner in McKinney, you'll need to factor property taxes into your budget. The average property tax rate in McKinney is around 1.24% of the home's value. For example, on a $400,000 home, that's $4,960 per year.
NMHL can help you understand how property taxes impact your mortgage payments and overall cost of homeownership.
Get a clear picture of your mortgage costs, including property taxes, with NMHL's personalized mortgage planning.
Frequently Asked Questions
The average property tax rate in McKinney is around 1.24% of the home's value. For example, on a $400,000 home, that's $4,960 per year. NMHL can help you factor this cost into your mortgage planning.
McKinney is served by the McKinney Independent School District, which is highly rated. Homes in top-rated school districts tend to hold their value better and appreciate faster. NMHL can help you understand how school district boundaries impact your home's value.
Texas offers several down payment assistance programs, including the Texas Department of Housing and Community Affairs (TDHCA) Down Payment Assistance Program. NMHL can help you explore these options and determine which ones you qualify for.
While bad credit can make it more challenging to get pre-approved, NMHL offers mortgage options for borrowers with credit scores as low as 580. We can help you explore subprime mortgage options and work on improving your credit score.
Some of the most sought-after neighborhoods in McKinney include the Historic Downtown area, Valley Creek, and Chestnut Square. NMHL can help you understand the local real estate market and find the best neighborhoods for your needs and budget.
The NMHL pre-approval process typically takes just a few minutes online or over the phone. Our mortgage experts will review your creditworthiness and provide a pre-approval letter, giving you an edge in the competitive McKinney housing market.
Related Resources
Ready to Buy in McKinney?
Let NMHL help you navigate the McKinney housing market with expert guidance and competitive rates.