The Best Mortgage Lenders in Cameron, NC
Compare verified mortgage lenders serving Cameron, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cameron
Featured Mortgage Lenders
Cardinal Financial Company
Cardinal Financial Company, Limited Partnership
Cardinal Financial is a highly-rated mortgage lender headquartered in Charlotte, North Carolina, with a strong regional presence serving Cameron and surrounding areas. Known for competitive rates and personalized service, they have built a reputation over 27 years for reliability and customer satisfaction. They offer a wide range of loan products, including specialized options for first-time homebuyers, and are praised for their efficient processing and local expertise in North Carolina markets.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a significant footprint in North Carolina, including service to Cameron. Founded in 2008, they are acclaimed for their rapid loan processing, competitive rates, and exceptional customer service, often closing loans in as little as 30 days. They emphasize community involvement and have numerous local loan officers dedicated to the Sandhills region, making them a top choice for borrowers seeking efficiency and support.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in North Carolina, serving Cameron and the broader Moore County area. With over 28 years in business, they are renowned for their competitive rates, extensive loan options, and high customer satisfaction scores. They focus on building long-term relationships and offer dedicated local support, including bilingual services, making them ideal for diverse homebuying needs in rural and suburban communities.
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Frequently Asked Questions
Common questions about mortgage lending in Cameron, NC
What are the typical down payment requirements for homes in Cameron, NC, given its rural market?
In Cameron's more affordable market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down are common. For the area's many USDA-eligible properties, qualified buyers can purchase with 0% down, which is a significant advantage in this rural community. Local lenders are very familiar with structuring these low-down-payment options for the region.
Are there any special mortgage programs for first-time homebuyers in Cameron?
Yes, the NC Home Advantage Mortgage™ program is a key resource, offering down payment assistance up to 5% of the loan amount for eligible buyers in Cameron. This state program, combined with Cameron's location in a USDA Rural Development eligible zone, provides powerful options for first-time buyers to manage upfront costs. It's advisable to work with a lender approved by the NC Housing Finance Agency.
How does Cameron's location in Moore County affect property taxes and mortgage escrow?
Moore County has a relatively low property tax rate, which positively impacts your total monthly mortgage payment by keeping the escrow portion manageable. The current county rate is approximately $0.485 per $100 of assessed value. Your lender will calculate escrow based on this rate and the home's assessed value, which is often lower than the purchase price in this area.
What type of property appraisals are common for mortgages in Cameron's rural and semi-rural areas?
Due to the mix of older homes, larger land parcels, and newer subdivisions, appraisals in Cameron often require appraisers familiar with rural comparables. For homes on well and septic systems, which are common, lenders will require specific inspections to ensure the systems meet standards. This process can sometimes take longer than in a purely urban market.
Is homeowner's insurance more expensive for a mortgage in Cameron, and what factors influence it?
Insurance costs in Cameron are generally reasonable but can be influenced by the age of the home and the presence of outbuildings common on larger lots. For homes outside the city limits, the availability and proximity of fire hydrants and fire stations can affect premiums. Your lender will require a policy that covers at least the loan amount, and shopping local insurers familiar with the area is recommended.
Why Choose a Mortgage Lender in Cameron?
Local Market Knowledge
Lenders who understand Cameron'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 Cameron and get competitive rates on your home loan.