NMHL Mortgage Lending
Mortgage Lender in Eau Claire, WI
Local expertise and competitive rates for Eau Claire homebuyers.
Eau Claire Housing Market Overview
Explore mortgage options in Eau Claire, WI with NMHL. Our local expertise helps you navigate the Eau Claire 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 Eau Claire
Explore mortgage options tailored to Eau Claire 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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Understanding the Eau Claire Housing Market
The Eau Claire housing market is characterized by a mix of older and newer homes, with a growing demand for housing in areas close to the city center and near the University of Wisconsin-Eau Claire. The median home price is around $240,000, with prices varying depending on factors like neighborhood, age, and condition of the property.
Some of the most popular neighborhoods in Eau Claire include:
- The Historic Water Street area, known for its charming shops and restaurants
- The University area, with its mix of older and newer homes near the UW-Eau Claire campus
- The Oakridge neighborhood, a family-friendly area with a mix of older and newer homes
NMHL's local expertise can help you navigate the Eau Claire housing market and find the right mortgage for your needs.
Mortgage Options for Eau Claire Borrowers
At NMHL, we offer a range of mortgage options to suit different borrower profiles and needs. Our loan programs include:
- FHA loans, with down payments as low as 3.5%
- VA loans, with zero-down options for eligible veterans
- Conventional loans, with competitive rates and terms
- Jumbo loans, for borrowers who need larger loan amounts
Our mortgage specialists will work with you to determine which loan program is best for your situation and help you through the application process.
Get pre-approved for a mortgage with NMHL today and take the first step towards homeownership in Eau Claire.
Down Payment Assistance Programs in Eau Claire
Eau Claire borrowers can access several down payment assistance programs to help with the upfront costs of homeownership. Some of the available programs include:
- The City of Eau Claire's Homebuyer Assistance Program, which provides up to $7,500 in down payment and closing cost assistance
- The Wisconsin Housing and Economic Development Authority (WHEDA) Down Payment Assistance program, which provides up to $3,000 in assistance
NMHL can help you determine which programs you're eligible for and guide you through the application process.
Don't let down payment costs hold you back from achieving your homeownership goals. Explore down payment assistance programs with NMHL today.
Why Choose NMHL for Your Eau Claire Mortgage?
At NMHL, we're committed to providing personalized mortgage solutions to Eau Claire borrowers. Our mortgage specialists have extensive knowledge of the local market and can guide you through the process of finding the right mortgage for your needs. We offer competitive rates, flexible loan options, and a commitment to exceptional customer service.
Whether you're a first-time homebuyer, a self-employed borrower, or someone with credit challenges, we're here to help. Contact us today to get started on your mortgage journey.
Get in touch with NMHL today to discuss your mortgage options and take the first step towards homeownership in Eau Claire.
Frequently Asked Questions
The average effective property tax rate in Eau Claire is around 1.73%, which is slightly higher than the national average. Homeowners in Eau Claire can expect to pay around $4,100 per year in property taxes on a median-priced home. It's essential to factor property taxes into your mortgage planning to ensure you're prepared for the total cost of homeownership.
Eau Claire is served by the Eau Claire Area School District, which is known for its strong schools and high graduation rates. Homes located within the district boundaries tend to retain their value and attract potential buyers. In fact, data shows that homes in areas with top-rated schools can command a premium of up to 15% compared to similar homes in other areas.
Wisconsin offers several first-time homebuyer programs, including the Wisconsin Housing and Economic Development Authority (WHEDA) Advantage program, which provides up to $3,000 in down payment assistance. Additionally, the WHEDA Easy program offers competitive interest rates and lower mortgage insurance premiums. NMHL can help you navigate these programs and determine which one is best for your situation.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with credit challenges. Our experts can help you explore options, such as FHA loans, which allow for credit scores as low as 580. We'll work with you to identify the best path forward and provide guidance on improving your credit score.
Eau Claire borrowers can access several down payment assistance programs, including the City of Eau Claire's Homebuyer Assistance Program, which provides up to $7,500 in down payment and closing cost assistance. NMHL can help you determine which programs you're eligible for and guide you through the application process.
At NMHL, we understand the importance of moving quickly in a competitive market. Our pre-approval process typically takes just a few days, and we can often provide a pre-approval decision within 24 hours. Our mortgage specialists will work with you to gather the necessary documentation and provide a personalized pre-approval letter to help you stand out in the Eau Claire housing market.
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