The St. Albans housing market is a blend of older, character-filled homes and newer constructions, offering a range of options for buyers. The median home price is around $140,000, making it an attractive market for both first-time homebuyers and those looking to upgrade or downsize. NMHL's local expertise is invaluable in navigating this market, providing insights into neighborhood trends and the best times to buy.

Some of the most sought-after neighborhoods include the historic downtown area, Riverside, and parts of Laidley Heights. These areas offer a mix of charm, convenience, and community amenities that appeal to a wide range of buyers.

West Virginia offers several programs to assist first-time homebuyers, including the West Virginia Housing Development Fund's Homeownership Program. This program provides financial assistance for down payments and closing costs, making it easier for first-time buyers to achieve homeownership. NMHL can guide you through the eligibility requirements and application process for these programs.

• Down Payment Assistance Program: Offers up to 3.5% of the home's purchase price in assistance.
• Homeownership Program: Provides mortgage financing with competitive interest rates and flexible credit scoring.

At NMHL, we understand that not all borrowers fit the traditional lending mold. That's why we offer a range of mortgage options designed to serve underserved communities, including those with bad credit, self-employed individuals, and veterans. Our VA loans, for example, offer competitive rates and favorable terms for eligible veterans. For those with bad credit, we explore alternative credit scoring models and programs that allow for lower credit scores.

Our experts will work closely with you to understand your financial situation and identify the most suitable mortgage options. Whether you're looking to purchase a home or refinance an existing mortgage, NMHL is committed to helping you achieve your goals.

As a homeowner in St. Albans, you'll need to consider property taxes and insurance as part of your overall housing costs. Kanawha County's property tax rate is approximately 0.55% of the home's assessed value. Insurance rates vary based on factors like the home's location, age, and condition. NMHL can help you understand these costs and factor them into your mortgage planning to ensure you're prepared for the total cost of homeownership.