The Best Mortgage Lenders in Cary, NC
Compare verified mortgage lenders serving Cary, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cary
Featured Mortgage Lenders
Jason C. Brown
Movement Mortgage
Movement Mortgage has established itself as one of the top mortgage lenders in Cary with exceptional customer satisfaction ratings. Jason Brown's team specializes in providing personalized service with competitive rates and streamlined digital processes. They are particularly noted for their expertise with first-time homebuyer programs and military VA loans, with most loans closing in 30 days or less. Their strong local presence and commitment to community involvement make them a trusted choice in the Triangle area.
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Scott D. McPherson
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group has been serving the Cary and greater Triangle area since 1996, building a reputation for exceptional customer service and competitive loan products. Scott McPherson's team is particularly skilled with construction and renovation loans, making them ideal for custom home projects in Cary's growing communities. They offer a wide range of loan options with personalized guidance through every step of the mortgage process, backed by their A+ BBB rating and numerous industry awards.
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The Mortgage Firm - Cary
The Mortgage Firm
The Mortgage Firm's Cary location has been a cornerstone of the local mortgage industry for over 15 years, offering comprehensive lending solutions with a focus on personalized service. Their team of experienced loan officers provides expertise across all loan types, with special emphasis on first-time homebuyer programs and investment property financing. They are known for their transparent communication, competitive rates, and ability to handle complex financial situations, making them a reliable choice for Cary homebuyers seeking local expertise with national lending capabilities.
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Frequently Asked Questions
Common questions about mortgage lending in Cary, NC
Are there any special first-time homebuyer mortgage programs available in Cary, NC?
Yes, the North Carolina Housing Finance Agency (NCHFA) offers several statewide programs, like the NC Home Advantage Mortgage™ with down payment assistance, which are widely used in Cary. Additionally, some local lenders in the Triangle area may offer their own grants or special rate programs for first-time buyers, particularly for those working in essential professions like teachers or healthcare workers. It's wise to consult with a mortgage broker familiar with Cary's market to explore all local options.
How do property taxes in Cary affect my monthly mortgage payment?
Cary is located in Wake County, which has a property tax rate that is typically lower than the national average, though rates can vary slightly within specific town limits. For 2024, the combined rate is approximately 0.86% of the assessed value. Your lender will escrow these taxes, so they are included in your monthly payment, and it's a key factor in affordability calculations given Cary's higher-than-average home values.
What is the typical down payment needed for a home in Cary's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Cary successfully purchase with 3-5% down using conventional loans, or 3.5% with an FHA loan. Due to strong competition, especially for move-in ready homes, a larger down payment can make your offer more attractive to sellers. Local lenders often see buyers utilizing down payment assistance programs to help bridge the gap.
Are there specific mortgage considerations for buying a home in a Cary homeowners association (HOA)?
Absolutely. A vast majority of neighborhoods in Cary have active HOAs with mandatory fees. Your lender must include these monthly or quarterly HOA dues in your debt-to-income ratio calculation, which can significantly impact how much house you qualify for. Furthermore, the lender will require a review of the HOA's financials and covenants to ensure the community is properly managed and meets loan guidelines.
How do mortgage rates in Cary, NC, compare to national averages, and what influences them locally?
Mortgage rates in Cary generally align with national averages but can be influenced by local competition among lenders in the robust Triangle market. The strong, stable local economy anchored by the Research Triangle Park (RTP) and major universities often translates to favorable lending conditions. It's beneficial to get quotes from both national banks and strong local credit unions or lenders who understand the specific appraisal nuances in Cary's neighborhoods.
Why Choose a Mortgage Lender in Cary?
Local Market Knowledge
Lenders who understand Cary'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 Cary and get competitive rates on your home loan.