Top 5 FHA Lenders in North Carolina 2019
Home Buyers looking for the best lenders in North Carolina have a lot of shopping around to do. North Carolina is home to around 10 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 9 percent between December of 2017 through 2018 and are forecasted to rise another 1.7% through 2019.
The upward trend of rising home values makes it the prime time for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, since FHA loans offer low interest rates, down payments as little as 3.5%, and an ultra-low 580 credit score requirement, they’re often some of the most desirable loans for home buyers like you.
In this article, we’ll review the best FHA approved lenders in North Carolina and how they can help you on your quest to home ownership.
2019 North Carolina Best FHA Lender Picks
Best for First Time Home NC FHA Expert
Best Online Experience: Guaranteed Rate
Best Local Lender: Raleigh Mortgage Group
Best Face-to-Face Experience: Bank of America
Best Overall Performance: Quicken Loans/Rocket Mortgage
#1 North Carolina FHA Lender: Bank of America
A veritable banking giant, Bank of America is typically one of the first places any home buyer would discuss financing a home purchase. Even so, it is incredibly rewarding when such a large company can still focus on the wants and needs of each individual client, and get them the perfect mortgage loan.
Bank of America would not be where it is today if it was lacking in such things as customer care or knowledgeable loan officers. Interestingly, Bank of America is able to combine its impressive clout in the finance industry with personalized consultation, round-the-clock service, and vast resources of both funding and information.
The result? A mortgage transaction that is as painless as one can be, and a mortgage loan that is just the right fit.
#2 North Carolina FHA Lender: NC FHA Expert
As small of an operation as NC FHA Expert is, they probably have a near infinite love and respect for both what they do, as well as who they do it for. The Couple in charge of NC FHA Expert Are North Carolina Natives who simply want to help people achieve the American dream of homeownership.
Any home buyer, particularly first time home buyers, would be lucky to receive the kind of warm and sincere service that these good folks provide. But don’t let that kindness fool you, they are also incredibly skilled loan officers who would never back down from a challenging situation.
All in all, their ability to work with borrowers in less than great financial situations and still find the best possible FHA mortgage terms is admirable. Clients are pretty much family to them, and they want the absolute best for their family.
#3 North Carolina FHA Lender: Guaranteed Rate
A Kingpin of the online mortgage trend that plays a large role in FHA financing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.
Guaranteed Rate is also extremely experienced with the origination of FHA loans. FHA financing through one of the best digital mortgage platforms available makes them serious competition to other FHA lenders, and highly favored among repeat and first time home buyers. FHA products are one of highest selling loans through guaranteed rate.
The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be closed without ever needing to speak with someone unless requested by the home buyer.
#4 North Carolina FHA Lender: Quicken Loans/Rocket Mortgage
The amazing team over at quicken loans has truly set the standard for the online mortgage experience. Rocket Mortgage (a division of Quicken Loans) and Quicken Loans have made the otherwise long and tedious process of FHA financing as simple and straightforward as possible.
The online FHA loan process is highly geared towards a more streamlined user experience. Progress on the status of an FHA loan application can be easily tracked online, and preapproval for an FHA loan can be completed in a matter of minutes.
The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The really impressive part happens to be the support staff that can be reached by phone or through the website that is always standing by to offer their advisory services and answer any questions a potential borrower may have.
#5 North Carolina FHA Lender: Raleigh Mortgage Group
Still rising to the top of their market, Raleigh Mortgage group has been on the scene since 2001. They are growing more and more popular with each and every mortgage transaction, thanks to their amazing dedication to client satisfaction.
The loan officers of Raleigh Mortgage Group treat every single mortgage transaction as though their borrowers were VIPs. A quick skim of their reviews reveals that most of their past clients would never dare choose anyone else for their mortgage needs.
Raleigh Mortgage Group is a sure bet when it comes to securing an affordable FHA Loan. Home buyers can also relax knowing that closing with them is typically a quick and stress-free affair.
Shop Around Before You Get a North Carolina FHA Loan
Our picks for the best FHA lenders in North Carolina may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. As a home buyer, regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal home loan that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best FHA lender in your area, don't hesitate to contact a home.loans mortgage expert!