Home Loans In North Carolina
Home/Locations/North Carolina

Home Loans In North Carolina

Get closer to your dream home in North Carolina with our swift mortgage process. First-time buyers welcome. Apply now!

Purchase Your Home In North Carolina

Prepared to make that charming bungalow your own? Count on 1st Advantage Mortgage to assist you. Whether you’re a first-time homebuyer or an experienced buyer in the real estate market, we can process your North Carolina mortgage swiftly, bringing you closer to saying “home sweet home“.

North Carolina Mortgage Simplified

At 1st Advantage Mortgage, we’ve crafted our mortgage services to be more straightforward, quicker, and less daunting compared to the home financing choices offered by major banks. Our approach eliminates stress and streamlines the process, allowing for faster approval and quicker progress toward making an offer.

Types of Mortgages For Homeowners in North Carolina

Not sure what type of Mortgage you need or what you qualify for? Take a look at the types of home loans we offer, and then get in touch to meet your Mortgage Expert.

Your Mortgage Expert is your personal resource through the loan process, providing guidance to ensure you find the best loan with the right payment options.

Adjustable-Rate Mortgage (ARM)

Designed for individuals seeking a more affordable initial monthly payment.

FHA 203k (Purchase & Renovation)

A loan² providing funding of up to $75,000 beyond the purchase price to cover remodeling or home repair expenses.

Manufactured Home Loan

Secure financing for mobile or manufactured homes through private lenders, utilizing FHA or VA Loan programs.

Chenoa Fund™ Loan

Down payment assistance program⁶ offering flexible options.

Conventional Loan

The timeless and traditional loan featuring low rates and flexible down payment options.

HUD Loan

A loan authorized by the U.S. Department of Housing and Urban Development, providing low down payments and closing costs for eligible properties.

USDA Loan

Financing for properties with no down payment² available to eligible buyers in rural and suburban areas.

FHA Loan

A government-backed loan ideal for first-time buyers or those with higher debt-to-income ratios.

Investment Property Loan

Short-term loans designed to finance fix-and-flip properties or investment properties for rentals.

VA Loan

VA⁶-backed loans providing zero-down payment² options for service members, veterans, and eligible spouses.

FHA 203(h) Disaster Relief Loan

Provides zero-down financing² for individuals whose homes have been damaged or destroyed by a natural disaster.

Overwhelmed By Mortgage? Start Here.

Our team will guide you through the intricacies of the mortgage process, step by step and in chronological order. You won’t have to second-guess what comes next in your home buying journey.

Finding The Right Mortgage Expert For You

The mortgage lending process can be an absolute nightmare. It typically includes a mountain of paperwork, delays and confusing paperwork.

No matter your financial situation – self-employed with a perfect FICO®* score or retired with less-than-perfect credit – our North Carolina Mortgage Coaches will help you find the right home loan quickly and easily.

No matter which type of home loan you choose, our NC & SC Mortgage Coaches will help you get it without the usual frustration.

Mortgage Lenders In North Carolina

As a mortgage lender deeply embedded in North Carolina, 1st Advantage Mortgage is powered by locals. Our team members reside, work, and engage in the community of the Tar Heel State. They’re well-acquainted with the finest barbecue joints (just inquire), and they can share the most efficient shortcuts to evade highway traffic.

Being homeowners themselves, our team understands the challenges of the typical home lending process. This understanding propels their commitment to providing a distinctive experience. Unlike major banks, 1st Advantage Mortgage collaborates with home buyers to identify loan options tailored to their needs, not ours. Regardless of your financial situation, we’re here to assist you in acquiring that perfect home.

Eager to begin? Reach out to our North Carolina Mortgage Experts to connect with our team

That’s why we provide more than a dozen varieties of home mortgage loans – ensuring you have access to the loan that suits your needs. Whether it involves a type that accommodates a low credit score or supports a particular situation, we have the Mortgage option that aligns with your requirements…

Ready to get started? Call our North Carolina Mortgage Coaches at 704-343-8681 to schedule a consultation at your nearest 1st Advantage Mortgage location.

Legal information

Questions

North Carolina Mortgage FAQS

How does a mortgage work when buying a house?

A mortgage is a form of loan crafted to assist individuals and families in purchasing a house. To secure a mortgage, you submit a loan application to a mortgage lender. The lender assesses the amount they are willing to provide you based on factors such as your income, credit score, and other considerations. Upon mortgage approval, you gain the ability to buy a home. The repayment of the loan occurs over a span of 10-30 years through monthly mortgage payments, encompassing both the principal amount and accrued interest.

How do you qualify to buy a home?

To be eligible to purchase a home, individuals generally need to provide evidence of income, assets, and a favorable credit history. This information is submitted to a mortgage lender, often a bank or home loan company, for assessment of eligibility. The mortgage lender examines factors such as income, credit score, financial assets, bill payment history, and more to determine the qualification criteria and the amount for which you qualify.

How much of a mortgage can I get approved for?

The approval for your mortgage amount is contingent on your financial circumstances and the type of home loan sought. Typically, a higher income and a favorable credit score increase the likelihood of approval for a larger mortgage amount.

What kind of credit score do you need to buy a house?

The credit score necessary to purchase a house varies based on the type of home loan you are seeking. FHA loans can go as low as 500 with a larger down payment, and 580 with 3.5% down. Conventional loans generally start at 620, and pricing improves as the score rises.

Which parts of North Carolina do you lend in?

All of them. The company is licensed in North Carolina, and most of our volume is the Charlotte metro: Mecklenburg, Gaston, Union, Cabarrus, Iredell and Lincoln counties.

What closing costs should I expect in North Carolina?

Lender fees, title and attorney fees, recording and transfer costs, and prepaid taxes and insurance. Your Loan Estimate itemizes all of them within three business days of applying, and that is the document to compare between lenders.

Is North Carolina an attorney closing state?

Yes. North Carolina requires an attorney to handle the closing, and buyers usually choose their own. We work with the attorney on the schedule so the file is clear to close before the date on the contract.

Are there down payment assistance programs in North Carolina?

Yes. NC Home Advantage is the main statewide program and it can be stacked on FHA or conventional financing. First-lien rates can be higher when assistance is used, so we run the numbers both ways before you commit.