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Advance, NC

The Best Mortgage Lenders in Advance, NC

Compare verified mortgage lenders serving Advance, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
924+
Reviews
13
Loan Types

Available Loan Programs in Advance

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer
Renovation
ARM
Fixed-rate
renovation
Physician Loans

Featured Mortgage Lenders

1

Allegacy Federal Credit Union

Allegacy Federal Credit Union

★★★★☆
4.8/5

Allegacy Federal Credit Union stands out as one of the highest-rated mortgage lenders serving the Advance area, with exceptional customer satisfaction ratings and deep roots in the Winston-Salem metropolitan region. As a member-owned financial institution with over 55 years of service, they offer personalized mortgage solutions with competitive rates and local underwriting decisions. Their mortgage team provides comprehensive guidance through the entire homebuying process, with special expertise in first-time homebuyer programs and various government-backed loans. The credit union's strong community presence and commitment to member education make them a top choice for Advance residents seeking reliable, local mortgage services.

Experience:55 years
Reviews:185 customer reviews
1610 Peace Haven Road, Winston-Salem, NC 27106

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstructionFirst-time Homebuyer
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2

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation - Clemmons Branch

★★★★☆
4.9/5

Fairway Independent Mortgage Corporation's Clemmons branch serves the Advance community with exceptional expertise and consistently high customer satisfaction ratings. With nearly three decades of experience, this nationally recognized mortgage lender maintains strong local presence through their Clemmons office, just minutes from Advance. They excel in providing competitive rates and streamlined digital mortgage processes while maintaining personalized service. The local team specializes in all major loan types and offers innovative mortgage solutions, including their popular "Fairway Now" program for quick approvals. Their extensive experience with both purchase and refinance transactions in the Piedmont Triad region makes them a premier choice for Advance homebuyers.

Experience:26 years
Reviews:327 customer reviews
3540 Clemmons Road, Clemmons, NC 27012

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstructionRenovationARMFixed-rate
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3

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.7/5

Movement Mortgage has established itself as a leading mortgage lender serving the Advance area through their strong Winston-Salem presence. Founded in 2008, they've grown to become one of the nation's top mortgage lenders while maintaining excellent local service through their Triad-area loan officers. Movement is particularly noted for their efficient processing and closing timelines, often achieving quicker turnarounds than industry standards. They offer a comprehensive range of loan products with competitive pricing and have developed special expertise in VA loans and first-time homebuyer programs. Their combination of technological innovation and local expertise provides Advance residents with both modern convenience and personalized mortgage guidance.

Experience:14 years
Reviews:412 customer reviews
380 Knollwood Street, Winston-Salem, NC 27103

Loan Types:

ConventionalFHAVAUSDAJumboRefinancerenovationFirst-time HomebuyerPhysician Loans
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Frequently Asked Questions

Common questions about mortgage lending in Advance, NC

What are the typical down payment requirements for homes in Advance, NC, given its market?

In Advance's competitive but slightly more affordable market compared to the Triad's core, many conventional loans require a 5% down payment. However, for the area's popular new construction and rural-lot properties, lenders may prefer 10-20% down due to appraisal complexities. Utilizing USDA loans can allow for 0% down in eligible rural sections of the Davie County area.

Are there any local or state-specific first-time homebuyer programs beneficial for purchasing in Advance?

Yes, the NC Home Advantage Mortgage™ program is widely used in Advance, offering down payment assistance up to 5% of the loan amount (forgiven over time) and competitive interest rates for first-time and move-up buyers. Additionally, the USDA Single Family Housing Guaranteed Loan Program is highly relevant for much of the Advance area, offering 100% financing with no mortgage insurance for low-to-moderate income buyers.

How do property types common in Advance, like homes on larger lots or with acreage, affect the mortgage process?

Properties with significant acreage (over 10 acres) or unique features like barns may require a specialized appraisal, potentially slowing the process and affecting loan-to-value ratios. Lenders will scrutinize the usable value of the land, as standard loans are primarily for the dwelling. It's crucial to work with a lender experienced in rural and semi-rural properties common in Davie County.

What should I know about property taxes and insurance when calculating my mortgage payment in Advance?

Davie County property taxes are relatively moderate, currently around 0.61% of assessed value. Your escrow payment will include this plus homeowner's insurance, which can be higher than urban areas due to reliance on well/septic systems and volunteer fire department coverage. It's wise to get insurance quotes early in the process for accurate payment estimates.

How does commuting to Winston-Salem or Charlotte impact mortgage approval and loan options in Advance?

Lenders view Advance favorably for its stable commuter base, which supports consistent employment income—a key approval factor. Your debt-to-income ratio will include commuting costs, so be prepared. For certain loan programs like USDA, your commute distance to employment centers is also considered to ensure the property is truly "rural in character."

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Broker is Your Secret Weapon in Advance, NC

Searching for a "home loan broker near me" in Advance, North Carolina, is more than just finding a convenient office location. It’s about partnering with a professional who understands the unique heartbeat of our local market, from the rolling pastures of the Yadkin Valley to the growing neighborhoods near Bermuda Run. In a community like ours, where the real estate landscape blends established homes, new construction, and rural properties, having a local expert in your corner can make all the difference.

A home loan broker acts as your personal advocate, shopping your financial profile across multiple lenders to find the best mortgage rates and terms for your situation. But in Advance, their local knowledge is the real value-add. They understand how appraisers view properties with larger lots or well water systems common in Davie County. They can advise on how factors like proximity to the I-40 corridor or the prestigious golf communities might influence loan options. This hyper-local insight helps streamline the process and avoids surprises that can derail a purchase in our specific market.

For Advance homebuyers, here’s your actionable plan. First, seek a broker with proven experience in North Carolina. Ask them specifically about programs like the NC Home Advantage Mortgage™, which offers down payment assistance and competitive interest rates—a fantastic tool for first-time and move-up buyers in our area. A knowledgeable broker will also be well-versed in USDA Rural Development loans, which can be a perfect fit for many of the properties in and around Advance, potentially offering zero-down-payment options.

When interviewing potential brokers, come prepared with questions that have a local twist. Ask: "Can you share examples of recent loans you've closed on homes in Davie County?" or "How do you handle the valuation process for homes on septic systems, which are common here?" Their answers will immediately tell you if they have the grounded experience you need. Also, discuss your long-term vision. Are you looking at a starter home in a subdivision, or a forever property with land? A local broker can align your loan product—whether it’s a conventional, FHA, or VA loan—with your life goals and the realities of our housing inventory.

Ultimately, your search for a "home loan broker near me" in Advance is about building a team. The right broker becomes your financial guide, navigating state-specific programs and local market nuances to secure not just a house, but a home in this wonderful community. Start your search locally, ask the right questions, and leverage their expertise to unlock the door to your North Carolina dream with confidence.

Nearby Cities

Explore mortgage lenders in cities near Advance, NC

Why Choose a Mortgage Lender in Advance?

Local Market Knowledge

Lenders who understand Advance's housing market can offer better guidance and competitive rates.

Multiple Loan Options

Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.

Proven Track Record

Work with lenders who have years of experience and hundreds of satisfied customers in North Carolina.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Advance and get competitive rates on your home loan.