NMHL Mortgage Lending
Mortgage Lender in Milwaukee, WI
Local expertise and competitive rates for Milwaukee homebuyers.
Milwaukee Housing Market Overview
Explore mortgage options in Milwaukee, WI with NMHL. Our local expertise helps you navigate the Milwaukee 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 Milwaukee
Explore mortgage options tailored to Milwaukee 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 Milwaukee's Housing Market
Milwaukee's housing market is characterized by a mix of older and newer homes, with many neighborhoods experiencing revitalization efforts. The median home price is $173,000, with prices varying depending on the neighborhood and property type. At NMHL, we have extensive knowledge of the local market and can help you navigate the complexities of buying or refinancing a home in Milwaukee.
Some of the most popular neighborhoods for homebuyers include:
- Bay View: Known for its vibrant arts scene and eclectic shops
- Riverwest: A diverse neighborhood with a mix of old and new homes
- Shorewood: A suburban neighborhood with a strong sense of community
Contact NMHL today to schedule a consultation and learn more about your mortgage options in Milwaukee.
Mortgage Options for Underserved Borrowers
At NMHL, we're committed to serving borrowers who may not fit the traditional mortgage mold. Our mortgage programs are designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans. We offer:
- Bad Credit Mortgage Program: More lenient credit score requirements and alternative credit scoring models
- Self-Employed Mortgage Program: Flexible income documentation and more forgiving debt-to-income ratios
- VA Loans: Competitive rates and lower mortgage insurance premiums for eligible veterans
Don't let credit challenges or non-traditional income hold you back from achieving your homeownership goals. Contact NMHL today to explore your mortgage options.
First-Time Homebuyer Programs in Wisconsin
If you're a first-time homebuyer in Milwaukee, you may be eligible for special mortgage programs and down payment assistance. The Wisconsin Housing and Economic Development Authority (WHEDA) offers competitive rates and lower mortgage insurance premiums for first-time homebuyers. NMHL also offers down payment assistance programs to help with closing costs and down payment.
To qualify, you'll typically need to meet income limits and complete a homebuyer education course. Contact NMHL today to learn more about your options and to get pre-approved for a mortgage.
Property Taxes and Home Values in Milwaukee
Property taxes in Milwaukee are based on the assessed value of your home and are used to fund local schools, infrastructure, and other community services. The average effective property tax rate in Milwaukee County is 1.93%, which is higher than the national average. When buying a home in Milwaukee, it's essential to consider the impact of property taxes on your mortgage payments.
The quality of local school districts can also impact home values in Milwaukee. Some of the top-rated school districts in the area include:
- Milwaukee Public Schools
- Shorewood School District
- Whitefish Bay School District
NMHL can help you understand how property taxes and school districts will impact your mortgage payments and home values in Milwaukee.
Frequently Asked Questions
Mortgage rates in Milwaukee vary depending on the type of loan and your borrower profile. At NMHL, we offer competitive rates starting at 6.5% APR for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss your mortgage options.
NMHL offers several mortgage programs for first-time homebuyers in Milwaukee, including FHA loans with down payments as low as 3.5% and WHEDA loans with competitive rates and lower mortgage insurance premiums. We also offer down payment assistance programs to help with closing costs.
Property taxes in Milwaukee are based on the assessed value of your home and are used to fund local schools, infrastructure, and other community services. The average effective property tax rate in Milwaukee County is 1.93%, which is higher than the national average. NMHL can help you understand how property taxes will impact your mortgage payments.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our Bad Credit Mortgage Program considers alternative credit scoring models and offers more lenient credit score requirements. We can help you explore your options and find a mortgage that fits your financial situation.
Some of the most popular neighborhoods in Milwaukee include Bay View, Riverwest, and Shorewood, which offer a mix of urban charm and suburban amenities. Other up-and-coming neighborhoods include Walker's Point and Harambee, which are experiencing revitalization efforts. NMHL can help you understand the local market trends and find a home that fits your needs and budget.
Yes, NMHL offers several down payment assistance programs for homebuyers in Milwaukee, including the NMHL Down Payment Assistance Program, which provides up to 4% of the loan amount towards closing costs and down payment. We also partner with local non-profits and government agencies to offer additional assistance programs.
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Ready to Buy in Milwaukee?
Let NMHL help you navigate the Milwaukee housing market with expert guidance and competitive rates.