The state’s average housing price is $ 171,200, which falls below the national average of $ 217,600. Home values may vary by region, however, with medieval values of some North Carolina counties going up to $ 285,000.
What are mortgage rates in North Carolina?
Average interest rate for a 30 year fixed rate Mortgages in North Carolina Corresponds 3.02%. House interest rates Range from 2.5% Service 4.75% In North Carolina.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
|
Loan type |
Rate of this week |
Last week rate |
| 30-Year Fixed Rate Mortgage | 2.96% | 3.06% |
| 15-Year Fixed Rate Mortgage | 2.48% | 2.62% |
| 30-Year Fixed-Rate Jumbo Mortgage | 2.96% | 3.01% |
| 5/1 ARM | 3.04% | 3.03% |
| 5/1 Jumbo ARM | 2.92% | 2.89% |
* Rates up to November 13, 2020
US News’ Best North Carolina Mortgage Lenders
Methodology: US News conducted an in-depth review of major direct mortgage lenders in North Carolina. The research was based on program availability, customer satisfaction ratings, and qualification requirements. Because each consumer has different needs, the top finishers were chosen in several key areas.
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
- Minimum FICO Credit Score: 660
- Maximum loan amount: $ 1.5 million
- Better Business Bureau Rating: A +
Lender highlights
- Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +
Best counter
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Different types of mortgages
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Annual percentage rate or closing cost rebate for qualifying Bank of America and Merrill Lynch clients
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No closing costs and no annual cash balance fees for balance transfers and HELOCs
Before you apply
- Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
- Minimum FICO Credit Score: 580
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: a
Best counter
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Homebuyer offers programs for the first time
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FICO accepts mortgage applicants with credit scores as low as 580
main characteristics:
- Mortgage Type Offered: Traditional, FHA, VA, ARM, Home Equity Loans
- Minimum FICO Score: Not disclosed
- Maximum debt-to-value ratio: Not disclosed
- Maximum debt-to-income ratio: Not disclosed
- Loan: till $ 3 million
- Total Closing Cost: Not disclosed
- JD Power Overall Satisfaction Rating: 3 out of 5
Best counter
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Income and profession-based loan programs.
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A down payment assistance program is available.
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: Different
- Better Business Bureau Rating: A +
Best counter
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Receives strong customer service rating from Better Business Bureau
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Offers a wide range of mortgage products
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Offers exclusive mortgage programs for first time buyers and manufactured homebuyers
main characteristics:
- Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
- Minimum FICO Credit Score: 500 with conditions
- Maximum debt-to-income ratio: 43% for FHA
- Maximum combined debt-to-value ratio: 90%
- JD Power Satisfaction Rating: Four out of five
Best counter
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LoanDepot mortgages have a lifetime guarantee, meaning that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.
main characteristics:
- Loan Type: Traditional, FHA, VA, USDA, ARM, Refinance
- Minimum FICO Score: 600
- Maximum debt-to-value ratio: Not disclosed
- Maximum debt-to-income ratio: 43%
- Total Closing Cost: 2% to 6% of the loan amount
- Equity required: Not disclosed
- JD Power Satisfaction Rating: Not rated
Best counter
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Offers various types of mortgage loans.
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Nationwide provides mortgage loans.
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Helps with closing costs.
Highlight:
- Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
- Minimum FICO Credit Score: 580 (FHA), other loans vary
- Maximum debt-to-income ratio: 60%
- JD Power Satisfaction Rating: Five out of five
Best counter
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The complete loan procedure is available online.
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Wide variety of mortgage products.
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Good customer service rating.
mortgage calculator
Are you reaching your dream home? US News’ mortgage calculator will show you how much home you can buy.
What are some North Carolina homebuyer programs?
North Carolina homebuyers can help with mortgage interest rate reductions and payment and closing costs from these programs.
- available to: Qualified North Carolina homebuyers with credit scores of 640 or higher.
- Income Range: Borrowers’ income should not exceed $ 89,500.
- First time homebuyers ?: No.
- Loan Options: Up to 100% financing on FHA, USDA and VA loans; 3% down payment assistance on traditional loans.
- Payment and closing cost assistance: All eligible homebuyers may qualify for a down payment assistance of up to 5% of the loan amount.
- available to: Qualified first time homebuyers, military veterans or homebuyers in targeted census tracts.
- Income Range: Different from county.
- First time homebuyers ?: No.
- Loan Options: 30-Year Fixed Rate Mortgage.
- profit: Up to $ 8,000 in down payment assistance. Borrowers receive a 0% deferred second mortgage, which is waived 20% per year through year 15 at the end of year 11, with full forgiveness at the end of year 15.
- available to: First time buyers and military luminaries who are eligible for a mortgage credit certificate.
- Income Range: Different from county.
- First time homebuyers ?: No.
- Loan Options: 30-Year Fixed Rate Mortgage.
- profit: An annual tax of up to 50% was paid, saving buyers up to $ 2,000 per year. Note: MCC cannot be clubbed with NC 1st Home Advantage down payment.
Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising customers of US News. Advertising considerations can influence where offers appear on the site but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.