NMHL Mortgage Lending
Mortgage Lender in Plano, TX
Local expertise and competitive rates for Plano homebuyers.
Plano, Texas, is a thriving city with a strong housing market, boasting a median home price of around $430,000. As a hub for families and professionals, Plano's real estate landscape is characterized by diverse neighborhoods, from the family-friendly Oak Point area to the upscale Preston Hollow. At National Mortgage Home Loans (NMHL), we understand the intricacies of the Plano mortgage market and are dedicated to helping borrowers navigate the process with ease. Our expertise in serving underserved borrowers, including those with bad credit, self-employed individuals, and first-time homebuyers, makes us the go-to lender in Plano.
With NMHL, Plano residents can access a range of mortgage options, including FHA, VA, USDA, Conventional, and Jumbo loans. Our team is well-versed in the local market, ensuring that borrowers receive personalized service and competitive rates. Whether you're a seasoned homeowner or a first-time buyer, our mortgage experts will guide you through the pre-approval process and beyond.
As you explore mortgage options in Plano, it's essential to consider factors like property taxes, school districts, and local housing trends. NMHL is committed to providing you with the knowledge and tools needed to make informed decisions about your home financing. Take the first step towards homeownership or refinancing with NMHL's comprehensive mortgage solutions.
Plano Housing Market Overview
Explore mortgage options in Plano, TX with NMHL. Our local expertise helps you navigate the Plano real estate market with competitive rates and personalized service.
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 Plano
Explore mortgage options tailored to Plano 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 Plano's Neighborhoods
Plano is home to a diverse array of neighborhoods, each with its unique character and charm. From the family-friendly Oak Point area to the upscale Preston Hollow, there's a neighborhood to suit every lifestyle. Other popular areas include the Arboration, The Lakes of Wildwood, and Oakwood Estates.
- Oak Point: Known for its excellent schools and community amenities, Oak Point is a top choice for families.
- Preston Hollow: This upscale neighborhood features beautiful homes and convenient access to local amenities.
NMHL's local expertise can help you navigate Plano's diverse neighborhoods and find the perfect mortgage solution for your new home.
Understanding Property Taxes in Plano
As a homeowner in Plano, it's essential to understand the implications of property taxes on your mortgage. The city's property tax rate is approximately 1.14% of the home's value, with the Collin County Appraisal District assessing property values. Homeowners may be eligible for tax exemptions, such as the homestead exemption.
NMHL can help you navigate the complexities of property taxes and ensure you're taking advantage of available exemptions.
Don't let property taxes catch you off guard. NMHL's mortgage experts will help you understand the impact on your mortgage.
First-Time Homebuyer Programs in Texas
Texas offers a range of programs for first-time homebuyers, including the Texas First-Time Homebuyer Program. This program provides competitive interest rates and down payment assistance options. NMHL is proud to participate in these programs, helping make homeownership more accessible to Plano residents.
- Texas First-Time Homebuyer Program: Offers competitive interest rates and down payment assistance.
- Texas Statewide Down Payment Assistance Program: Provides up to 5% of the home's purchase price.
NMHL is committed to helping first-time homebuyers achieve their dreams. Contact us to explore available programs and get pre-approved today.
NMHL's Mortgage Solutions for Plano Borrowers
At NMHL, we understand the unique needs of Plano borrowers. Our mortgage experts are dedicated to providing personalized service and competitive rates. We offer a range of mortgage options, including FHA, VA, USDA, Conventional, and Jumbo loans.
Our team is experienced in working with underserved borrowers, including those with bad credit, self-employed individuals, and first-time homebuyers. We'll work with you to create a customized mortgage plan that meets your needs and goals.
Take the first step towards homeownership or refinancing with NMHL's comprehensive mortgage solutions. Contact us today for a free consultation.
Frequently Asked Questions
Mortgage rates in Plano vary depending on the loan program and borrower profile. At NMHL, we offer competitive rates starting from 6.5% APR for conventional loans. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers mortgage options for borrowers with less-than-perfect credit. Our FHA loan programs, for instance, allow credit scores as low as 580 with a 3.5% down payment. We'll work with you to explore available options and create a customized mortgage plan.
Plano's property tax rate is approximately 1.14% of the home's value, with the Collin County Appraisal District assessing property values. Homeowners may be eligible for tax exemptions, such as the homestead exemption. NMHL can help you understand the implications of property taxes on your mortgage.
Yes, NMHL offers down payment assistance options, including the Texas Statewide Down Payment Assistance Program, which provides up to 5% of the home's purchase price. Our mortgage experts will help you explore available programs and determine the best fit for your situation.
Plano is served by the Plano Independent School District, known for its high-performing schools. Homes within top-rated school districts tend to retain their value and appreciate over time. NMHL can provide guidance on how school districts may impact your mortgage and homebuying decisions.
NMHL offers a range of mortgage options for first-time homebuyers, including FHA loans with as little as 3.5% down. Our mortgage experts will help you navigate the process, from pre-approval to closing, and ensure you're taking advantage of available programs, such as the Texas First-Time Homebuyer Program.
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Ready to Buy in Plano?
Let NMHL help you navigate the Plano housing market with expert guidance and competitive rates.