Mortgage rates in Lehi vary depending on the type of loan and your individual financial situation. 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.

NMHL offers several mortgage options for first-time homebuyers in Lehi, including FHA loans with down payments as low as 3.5% and VA loans for eligible veterans. Our <strong>NMHL Starter</strong> program is designed specifically for first-time buyers, offering reduced mortgage insurance premiums and lower closing costs. We also offer down payment assistance programs, such as the Utah Housing Corporation's Down Payment Assistance Program, which can provide up to $15,000 in assistance.

Property taxes in Lehi are assessed by the Utah County Assessor's Office and are based on the value of your property. The average effective property tax rate in Lehi is 0.55%, which is relatively low compared to other parts of the country. As a homeowner, you'll be responsible for paying property taxes, which can be included in your monthly mortgage payment or paid separately. NMHL can help you understand your property tax obligations and factor them into your overall mortgage costs.

Lehi has a range of desirable neighborhoods to choose from, each with its own unique character. Some popular areas include Traverse Mountain, with its highly rated schools and family-friendly atmosphere; downtown Lehi, with its historic charm and walkability; and the newer developments in the Lehi City Center area. NMHL's local experts can help you navigate the different neighborhoods and find the best fit for your needs and budget.

While having bad credit can make it more challenging to secure a mortgage, NMHL offers options for borrowers with less-than-perfect credit. Our <strong>NMHL Rebuild</strong> program is designed for borrowers who are rebuilding their credit, offering more lenient credit score requirements and a more flexible underwriting process. We also offer credit counseling services to help you improve your credit score and increase your chances of mortgage approval.

Down payment assistance programs in Lehi, such as the Utah Housing Corporation's Down Payment Assistance Program, offer financial assistance to help with down payment and closing costs. To qualify, you'll typically need to meet income limits, purchase a primary residence, and complete a homebuyer education course. NMHL can help you navigate the application process and determine which programs you're eligible for.