NMHL Mortgage Lending
Mortgage Lender in Hampton, VA
Local expertise and competitive rates for Hampton homebuyers.
Hampton, Virginia's rich history and waterfront properties make it an attractive location for homebuyers. As of 2023, the median home price in Hampton is approximately $240,000, according to recent market data. National Mortgage Home Loans (NMHL) is well-positioned to serve Hampton borrowers with a range of mortgage options, including programs for first-time homebuyers, veterans, and those with less-than-perfect credit.
The Hampton housing market is characterized by a mix of older and newer homes, with many properties located near the city's historic districts and waterfront areas. NMHL's local expertise and knowledge of the Hampton market enable us to provide personalized service and competitive rates to homebuyers. Whether you're a first-time buyer or an experienced homeowner, NMHL can help you navigate the mortgage process and find the right loan for your needs.
At NMHL, we understand that every borrower's situation is unique. That's why we offer a range of mortgage programs, including FHA, VA, USDA, and conventional loans. Our experienced loan officers are familiar with the Hampton market and can help you explore your options and choose the best loan for your circumstances.
Hampton Housing Market Overview
Explore mortgage options in Hampton, VA with NMHL. Our local expertise helps you navigate the Hampton 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 Hampton
Explore mortgage options tailored to Hampton 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
Real reviews from Google — no cherry-picking
Our Presence
Click on endorsed states to see our direct resources!
Understanding Hampton's Housing Market
The Hampton housing market is characterized by a mix of older and newer homes, with many properties located near the city's historic districts and waterfront areas. As of 2023, the median home price in Hampton is approximately $240,000. NMHL's local expertise enables us to provide personalized service and competitive rates to homebuyers.
- The city's historic districts, such as the Hampton Historic District, offer a unique blend of architectural styles and character.
- Waterfront properties in Hampton provide stunning views and access to recreational activities.
- Newer developments, such as the Coliseum Central area, offer modern amenities and a vibrant community.
NMHL's knowledge of the Hampton market can help you navigate the mortgage process and find the right loan for your needs.
Mortgage Options for Underserved Borrowers in Hampton
At NMHL, we understand that every borrower's situation is unique. That's why we offer a range of mortgage programs designed to serve underserved borrowers, including those with bad credit, self-employed individuals, and veterans.
Our mortgage options include:
- FHA loans, which offer more lenient credit score requirements and lower down payment options.
- VA loans, which provide competitive interest rates and favorable terms for eligible veterans.
- Non-QM loans, which consider alternative forms of income verification for self-employed borrowers.
Our experienced loan officers can help you explore these options and determine which program is best for your situation.
NMHL is committed to serving underserved borrowers in Hampton and providing access to affordable mortgage options.
Down Payment Assistance Programs in Hampton
Down payment assistance programs can help homebuyers in Hampton cover the upfront costs of purchasing a home. The Virginia Housing Development Authority (VHDA) offers several down payment assistance programs, including the VHDA Down Payment Assistance Grant.
These programs can provide up to 3.5% of the home's purchase price in down payment assistance, helping to reduce the upfront costs of homeownership.
NMHL can help you explore these options and determine which programs you may be eligible for.
Don't let down payment costs hold you back from achieving your homeownership goals. NMHL can help you explore down payment assistance programs in Hampton.
First-Time Homebuyer Programs in Virginia
Virginia offers several programs to support first-time homebuyers, including the VHDA's First-Time Homebuyer Program. This program provides financing options and down payment assistance to eligible borrowers.
NMHL's experienced loan officers can help you navigate these programs and determine which options are best for your situation.
- The VHDA's First-Time Homebuyer Program offers competitive interest rates and lower mortgage insurance premiums.
- The Virginia Individual Development Account (VIDA) program provides matching funds for down payment and closing costs.
NMHL can help you explore first-time homebuyer programs in Virginia and achieve your homeownership goals.
Frequently Asked Questions
Hampton's most popular neighborhoods include Coliseum Central, Downtown Hampton, and Phoebus. These areas offer a mix of historic homes, waterfront properties, and modern amenities. NMHL's local expertise can help you navigate these neighborhoods and find the right home for your needs.
In Hampton, property taxes are assessed by the City of Hampton Commissioner of the Revenue. The average effective property tax rate in Hampton is 0.89%. NMHL can help you understand how property taxes will impact your mortgage payments and overall cost of homeownership.
Hampton is served by Hampton City Public Schools, which includes several highly-rated schools. The district's schools have a strong reputation, which can impact home values in the area. NMHL's knowledge of the local market can help you understand how school districts may affect your home's value.
Yes, there are several down payment assistance programs available to homebuyers in Hampton. The Virginia Housing Development Authority (VHDA) offers down payment assistance programs, including the VHDA Down Payment Assistance Grant. 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 get pre-approved for a mortgage, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our loan officers can help you explore your options and determine the best course of action for your situation. We consider factors beyond credit score, such as income and debt-to-income ratio, to provide a more comprehensive picture of your mortgage readiness.
NMHL offers several mortgage options for first-time homebuyers in Hampton, including FHA loans and VHDA loans. These programs offer competitive interest rates and lower down payment requirements. Our experienced loan officers can help you navigate the mortgage process and choose the best loan for your needs.
Related Resources
Ready to Buy in Hampton?
Let NMHL help you navigate the Hampton housing market with expert guidance and competitive rates.