NMHL Mortgage Lending
Mortgage Lender in Newport News, VA
Local expertise and competitive rates for Newport News homebuyers.
Newport News, Virginia is experiencing a dynamic housing market, with a median home price of around $240,000 according to recent estimates. As a borrower looking to navigate this market, you'll want a mortgage lender who understands local conditions and can offer personalized guidance. National Mortgage Home Loans (NMHL) is here to help, with expertise in serving underserved borrowers, including those with bad credit, self-employed individuals, and first-time homebuyers.
Our team is well-versed in the various neighborhoods that make up Newport News, from the historic districts of Hilton Village and North Newport News to the newer developments in the Denbigh and Lee Hall areas. We can help you explore your mortgage options and find the best fit for your financial situation.
At NMHL, we're committed to providing competitive rates and exceptional service to our clients in Newport News. Whether you're looking to purchase a new home or refinance an existing one, we're here to guide you through the process and help you achieve your goals.
Newport News Housing Market Overview
Explore mortgage options in Newport News, VA with NMHL. Our local expertise helps you navigate the Newport News 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 Newport News
Explore mortgage options tailored to Newport News 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 Neighborhoods in Newport News
Newport News is a diverse city with a range of neighborhoods to suit different lifestyles and preferences. From the waterfront areas of East End and North Newport News to the suburban communities of Denbigh and Lee Hall, there's something for everyone. Our team at NMHL is familiar with the local neighborhoods and can help you find the perfect fit.
- Hilton Village: This historic district is known for its charming homes and tree-lined streets.
- North Newport News: This area offers a mix of older and newer homes, with easy access to local amenities.
- Denbigh: A suburban community with a range of housing options, from single-family homes to townhouses.
Contact NMHL to schedule a consultation and explore your mortgage options in Newport News.
Mortgage Options for Underserved Borrowers
At NMHL, we're committed to serving borrowers who may not fit the traditional mortgage mold. Our team offers a range of mortgage options, including FHA, VA, and USDA loans, as well as specialty programs for self-employed individuals and those with bad credit.
Our NMHL EasyStart Program is designed to help borrowers with less-than-perfect credit get back on track. With this program, we consider a range of factors beyond just credit score to determine eligibility.
Get pre-approved with NMHL today and discover your mortgage options.
Understanding Property Taxes in Newport News
As a homeowner in Newport News, you'll need to factor property taxes into your overall housing costs. The city assesses property taxes at a rate of $0.80 per $100 of assessed value, with the average homeowner paying around $2,000 per year.
It's essential to understand how property taxes work and how they may impact your mortgage payments. Our team at NMHL can help you navigate the process and ensure you're prepared for the costs associated with homeownership.
Contact NMHL to discuss your mortgage options and get a better understanding of property taxes in Newport News.
First-Time Homebuyer Programs in Virginia
Virginia offers a range of programs to help first-time homebuyers achieve their goals. The Virginia Housing Development Authority (VHDA) loan program provides financing options with as little as 3.5% down, while the Virginia Individual Development Account (VIDA) program offers matched savings for down payment and closing costs.
At NMHL, we're experienced in working with first-time homebuyers and can help you explore these options. Our team will guide you through the process and ensure you're prepared for the responsibilities of homeownership.
Get started with NMHL today and discover your first-time homebuyer options.
Frequently Asked Questions
The average annual property tax rate in Newport News is approximately $0.80 per $100 of assessed value. For example, on a home valued at $250,000, the annual property tax bill would be around $2,000. It's essential to factor property taxes into your overall housing costs when considering a mortgage in Newport News.
Newport News is served by the Newport News Public Schools district, which includes several highly-rated schools. Homes located in areas with top-performing schools tend to have higher values and appreciate more over time. When searching for a home in Newport News, it's worth researching the local schools and their impact on property values.
Virginia offers several programs to help first-time homebuyers, including the Virginia Housing Development Authority (VHDA) loan program, which provides financing options with as little as 3.5% down. Additionally, the Virginia Individual Development Account (VIDA) program offers matched savings for down payment and closing costs. NMHL can help you explore these options and determine the best fit for your situation.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. We consider a range of factors beyond just credit score, including income, debt-to-income ratio, and overall financial stability. Our team can help you understand your options and develop a plan to improve your creditworthiness.
NMHL offers several down payment assistance programs, including the NMHL Down Payment Assistance Program, which provides up to 4% of the loan amount towards down payment and closing costs. Additionally, Virginia offers the VHDA Down Payment Assistance Grant, which provides up to $7,500 in assistance. We can help you explore these options and determine the best fit for your needs.
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Ready to Buy in Newport News?
Let NMHL help you navigate the Newport News housing market with expert guidance and competitive rates.