NMHL Mortgage Lending
Mortgage Lender in Tacoma, WA
Local expertise and competitive rates for Tacoma homebuyers.
Tacoma, Washington's thriving real estate market presents both opportunities and challenges for homebuyers. As of 2023, the median home price in Tacoma stands at approximately $430,000, reflecting a steady increase in property values. At National Mortgage Home Loans (NMHL), we understand the unique needs of Tacoma borrowers, including first-time buyers, veterans, and those with less-than-perfect credit. Our local expertise and range of mortgage programs are designed to help you navigate the Tacoma housing market with confidence.
From the historic homes of Old Tacoma to the modern developments in Downtown, Tacoma's diverse neighborhoods offer something for every buyer. Our team is well-versed in the local market conditions, including the impact of property taxes and school districts on home values. With NMHL, you can access competitive rates, personalized service, and guidance through the mortgage process.
Whether you're a first-time homebuyer or looking to refinance, our Tacoma mortgage specialists are here to help. We offer a range of programs, including FHA, VA, and conventional loans, as well as specialty loans for self-employed borrowers and those with bad credit. Contact us today to explore your mortgage options and take the first step towards homeownership in Tacoma.
Tacoma Housing Market Overview
Explore mortgage options in Tacoma, WA with NMHL. Our local expertise helps you navigate the Tacoma 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 Tacoma
Explore mortgage options tailored to Tacoma 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 Tacoma's Neighborhoods
Tacoma's diverse neighborhoods offer a range of housing options, from historic homes to modern developments. Some popular areas include Downtown Tacoma, with its vibrant arts and culture scene; Old Tacoma, known for its historic architecture; and the Stadium District, with its charming bungalows. Each neighborhood has its unique character and advantages, and NMHL's local expertise can help you find the perfect fit for your needs and budget.
- Downtown Tacoma: Modern condos and apartments, vibrant arts scene
- Old Tacoma: Historic homes, boutique shops, and restaurants
- Stadium District: Charming bungalows, family-friendly atmosphere
NMHL's Tacoma mortgage specialists can help you explore financing options for homes in any of these neighborhoods.
Mortgage Programs for Tacoma Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Tacoma borrowers. Our programs include FHA loans, VA loans, conventional loans, and specialty loans for self-employed borrowers and those with bad credit. We also offer guidance on down payment assistance programs and other resources to help you get into the market.
Our NMHL Advantage program is designed for borrowers with less-than-perfect credit, offering more lenient credit score requirements and lower down payment options. Contact us to learn more about our mortgage programs and to get pre-approved.
NMHL's mortgage specialists are here to help you explore your options and find the best mortgage program for your needs.
Understanding Property Taxes in Tacoma
As a homeowner in Tacoma, you'll need to factor property taxes into your mortgage planning. Pierce County, where Tacoma is located, has a relatively high property tax rate compared to other areas in Washington state. The average effective property tax rate is approximately 0.93%. This means that on a $430,000 home, you can expect to pay around $4,000 per year in property taxes.
NMHL can help you understand how property taxes impact your mortgage payments and overall cost of homeownership. Our mortgage specialists can also help you explore options for managing your property tax obligations.
Don't let property taxes catch you off guard. Contact NMHL to discuss your mortgage options and get a better understanding of your overall costs.
First-Time Homebuyer Resources in Tacoma
If you're a first-time homebuyer in Tacoma, NMHL is here to help. We offer a range of mortgage programs designed specifically for first-time buyers, including FHA loans with as little as 3.5% down and conventional loans with competitive rates. We also offer guidance on down payment assistance programs and other resources to help you get into the market.
The Washington State Housing Finance Commission offers programs like the Home Advantage Down Payment Assistance Program, which provides up to 4% of the home's purchase price towards down payment and closing costs. NMHL can help you explore these options and determine which programs you may be eligible for.
NMHL's Tacoma mortgage specialists are here to help you every step of the way, from pre-approval to closing.
Frequently Asked Questions
Mortgage rates in Tacoma vary depending on the loan program, credit score, and other factors. 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.
While a good credit score can help you qualify for better mortgage rates, NMHL offers programs for borrowers with less-than-perfect credit. Our FHA loan program, for example, allows credit scores as low as 580 with a 3.5% down payment. We also offer subprime loan options for borrowers with more significant credit challenges. Contact us to discuss your credit situation and explore available options.
Pierce County, where Tacoma is located, has a relatively high property tax rate compared to other areas in Washington state. The average effective property tax rate is approximately 0.93%. This means that on a $430,000 home, you can expect to pay around $4,000 per year in property taxes. NMHL can help you factor these costs into your mortgage planning.
Yes, there are several down payment assistance programs available to homebuyers in Tacoma. The Washington State Housing Finance Commission offers programs like the Home Advantage Down Payment Assistance Program, which provides up to 4% of the home's purchase price towards down payment and closing costs. NMHL can help you explore these options and determine which programs you may be eligible for.
School districts play a significant role in determining home values in Tacoma. The Tacoma Public Schools district serves much of the city, with some areas falling within neighboring districts like University Place and Peninsula. Homes located within highly-rated school districts tend to command higher prices. NMHL's local expertise can help you understand how school districts impact home values in your desired neighborhood.
NMHL offers a range of mortgage options for first-time homebuyers in Tacoma, including FHA loans with as little as 3.5% down and conventional loans with competitive rates. We also offer guidance on down payment assistance programs and other resources to help first-time buyers get into the market. Contact us to explore your options and get pre-approved.
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Ready to Buy in Tacoma?
Let NMHL help you navigate the Tacoma housing market with expert guidance and competitive rates.