The Best Mortgage Lenders in Andrews, NC
Compare verified mortgage lenders serving Andrews, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Andrews
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in Western North Carolina, including service to Andrews. Known for exceptional customer service and competitive rates, they have built a reputation for reliability and transparency over nearly three decades. Their Murphy office provides personalized mortgage solutions with a focus on rural and mountain communities, earning high praise for efficient processing and expert guidance on various loan types. They are consistently ranked among the best for customer satisfaction in the region.
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New American Funding
New American Funding
New American Funding is a highly regarded national lender with a dedicated office in Asheville that serves Andrews and surrounding areas. They are praised for their inclusive lending practices, competitive rates, and strong support for first-time homebuyers. With two decades of experience, they offer a wide range of loan products and have a track record of quick closings and excellent communication. Their local team is known for understanding the unique housing market of Western NC, contributing to their high customer ratings and community involvement.
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Caliber Home Loans
Caliber Home Loans
Caliber Home Loans is a reputable national lender with a strong regional presence that includes service to Andrews, NC. They are recognized for their flexible loan options, competitive pricing, and efficient online tools that simplify the mortgage process. Founded in 2008, they have grown to become a trusted name with a focus on customer-centric solutions and robust support for various loan types. Their ability to serve rural areas like Andrews, combined with high customer satisfaction scores, makes them a reliable choice for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Andrews, NC
Are there any special mortgage programs for first-time homebuyers in Andrews, NC?
Yes, the North Carolina Housing Finance Agency (NCHFA) offers statewide programs like the NC Home Advantage Mortgage™ with down payment assistance, which is highly relevant in Andrews. These programs are particularly valuable here as they can help buyers overcome the barrier of a down payment in a market where incomes may be lower than state averages. Local lenders familiar with Andrews can help you navigate these options.
How does the rural nature of Andrews, NC affect the mortgage process?
Andrews' location in a rural county can be advantageous for mortgage seekers. Many properties may qualify for USDA Rural Development loans, which offer 100% financing with no down payment—a significant benefit in this area. However, appraisals might require specialists familiar with valuing properties in more remote or mountainous settings, which can occasionally add time to the process.
What are typical property taxes like in Andrews, and how do they impact my mortgage payment?
Cherokee County, where Andrews is located, has a relatively low property tax rate compared to urban areas in NC. The 2023 rate was approximately $0.48 per $100 of assessed value. While your lender will include an escrow for taxes in your monthly payment, this lower rate helps keep overall housing costs more affordable, which is a key consideration when a lender calculates your debt-to-income ratio.
Are there local credit unions or banks in Andrews that offer competitive mortgage rates?
Andrews has several strong local and regional financial institutions, such as United Community Bank and local credit unions, that often provide competitive mortgage products. These local lenders typically have a deep understanding of the Andrews real estate market and can offer personalized service. It's wise to compare their rates and terms with larger national lenders to find the best fit for your situation.
Does buying a home in Andrews' historic district come with any special mortgage considerations?
While Andrews has a charming historic downtown, securing a mortgage for a home in a designated historic district here is generally straightforward, as there are no overly restrictive local ordinances that would alarm lenders. However, if the home is older, your lender will require a thorough home inspection. Special loan products like a renovation loan (FHA 203k) might be recommended if the property needs significant updates.
Why Choose a Mortgage Lender in Andrews?
Local Market Knowledge
Lenders who understand Andrews'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 Andrews and get competitive rates on your home loan.