NMHL Mortgage Lending
Mortgage Lender in Wauwatosa, WI
Local expertise and competitive rates for Wauwatosa homebuyers.
Wauwatosa Housing Market Overview
Explore mortgage options in Wauwatosa, WI with NMHL. Our local expertise helps you navigate the Wauwatosa 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 Wauwatosa
Explore mortgage options tailored to Wauwatosa 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 Wauwatosa's Housing Market
Wauwatosa's housing market is characterized by a mix of older and newer homes, with a range of architectural styles. The median home price is around $340,000, with prices varying depending on factors like neighborhood, size, and condition. NMHL's local expertise can help you navigate this market and find the right mortgage solution for your needs.
The city's proximity to Milwaukee and its own vibrant downtown area make it an attractive option for both families and professionals. As a result, the housing market remains competitive, with a steady demand for homes. NMHL can provide guidance on how to position yourself for success in this market.
Get pre-approved with NMHL today and take the first step towards owning your dream home in Wauwatosa!
Exploring Wauwatosa's Neighborhoods
Wauwatosa is home to a diverse range of neighborhoods, each with its own unique character. Some popular areas include the downtown core, with its mix of older homes and new developments, and the Mayfair Mall area, known for its shopping and dining options. Other neighborhoods, such as the East Tosa and West Tosa areas, offer a more suburban feel with easy access to local amenities.
- Downtown Wauwatosa: A vibrant area with a mix of older and newer homes, featuring a range of architectural styles.
- Mayfair Mall Area: A popular shopping destination with surrounding residential neighborhoods.
- East Tosa and West Tosa: Suburban areas with easy access to local parks and amenities.
NMHL's local knowledge can help you find the perfect mortgage for your Wauwatosa home, regardless of the neighborhood.
Mortgage Options for Wauwatosa Borrowers
At NMHL, we offer a range of mortgage options tailored to the needs of Wauwatosa borrowers. From FHA and VA loans to conventional and jumbo mortgages, we can help you find the right fit for your financial situation. Our experts are experienced in handling complex financial situations, including self-employment income and bad credit.
Some of the mortgage options available through NMHL include:
- FHA Loans: Insured by the Federal Housing Administration, these loans offer more lenient credit score requirements and lower down payments.
- VA Loans: Available to eligible veterans and service members, these loans often feature more favorable terms and lower interest rates.
- Conventional Loans: NMHL offers a range of conventional loan options, including fixed-rate and adjustable-rate mortgages.
Contact NMHL today to explore your mortgage options and get pre-approved for your Wauwatosa home loan.
Down Payment Assistance and Other Programs
NMHL is committed to helping Wauwatosa borrowers overcome financial hurdles and achieve their homeownership goals. We offer a range of down payment assistance programs, including the 'HomeReady' program, which allows for down payments as low as 3%. We can also help you explore other local and state-specific programs, such as the WHEDA Down Payment Assistance program.
In addition to down payment assistance, NMHL offers other programs designed to support Wauwatosa borrowers, including our 'Credit Rebuild' program, which can help you qualify for a mortgage by rebuilding your credit history.
NMHL is here to help you navigate the mortgage process and find the best solution for your Wauwatosa home purchase.
Frequently Asked Questions
The average effective property tax rate in Wauwatosa is approximately 1.73%, which is slightly higher than the statewide average. Homeowners in Wauwatosa can expect to pay around $6,200 annually in property taxes for a median-valued home. NMHL can help you factor these costs into your mortgage planning.
Wauwatosa is served by the Wauwatosa School District, which is highly rated and can positively impact home values. Homes located in highly-rated school districts tend to retain their value better and appreciate more over time. NMHL can provide guidance on how school district boundaries may affect your mortgage options.
Wisconsin offers several programs for first-time homebuyers, including the Wisconsin Housing and Economic Development Authority (WHEDA) Advantage program, which provides competitive interest rates and down payment assistance. NMHL is an approved WHEDA lender and can help you navigate these programs to find the best fit for your situation.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. We consider a range of credit scores and financial situations, and our experts can help you identify the most suitable mortgage products. For example, our 'Credit Rebuild' program can help you qualify for a mortgage by rebuilding your credit history.
Some of the most popular neighborhoods in Wauwatosa include the downtown area, known for its vibrant shops and restaurants, as well as the Mayfair Mall area and the surrounding residential neighborhoods. NMHL has experience serving borrowers in these areas and can provide insights into the local market trends.
NMHL offers several down payment assistance options, including the 'HomeReady' program, which allows for down payments as low as 3%. We can also help you explore other local and state-specific programs, such as the WHEDA Down Payment Assistance program, to find the best fit for your financial situation.
Related Resources
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