The Best Mortgage Lenders in Coats, NC
Compare verified mortgage lenders serving Coats, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Coats
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, Inc.
Movement Mortgage is a highly-rated national lender with a strong presence in North Carolina, known for its competitive rates and exceptional customer service. They specialize in a wide range of loan products and have a reputation for quick closings and personalized service. With numerous positive reviews highlighting their responsiveness and expertise, they are a top choice for homebuyers in the Coats area, offering both online and local support through their Raleigh office.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a reputable lender with decades of experience and a strong local presence in North Carolina. They are praised for their competitive rates, transparent process, and dedicated loan officers who provide personalized guidance. Serving the Coats area through their Raleigh branch, they offer a comprehensive suite of mortgage options and have consistently high customer satisfaction ratings for their reliability and community involvement.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a well-established lender known for its innovative loan programs and strong customer focus. They offer competitive rates and a variety of mortgage solutions, including options for first-time homebuyers and diverse financial backgrounds. With a local office in Raleigh, they serve the Coats area effectively, earning high marks for their responsive service and commitment to helping clients achieve homeownership through tailored advice and efficient processing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Coats, NC
Are there any down payment assistance programs specifically for buyers in Coats, NC?
Yes, the North Carolina Housing Finance Agency (NCHFA) offers statewide programs like the NC Home Advantage Mortgage™ with down payment assistance, which is widely used in Coats and Harnett County. These programs can provide up to 5% of the loan amount in assistance, which is particularly helpful given the area's median home prices. Local lenders are very familiar with these programs and can guide you through the application process.
How do property taxes in Harnett County affect my mortgage payments in Coats?
Harnett County's property tax rate is a key component of your monthly escrow payment. The 2024 rate is approximately $0.775 per $100 of assessed value, which is competitive within the region. When calculating your total monthly mortgage payment, your lender will factor in these county taxes along with homeowner's insurance, which can be more affordable in Coats compared to larger metro areas.
What types of properties are most common for mortgage lending in Coats, and does this affect loan options?
Coats primarily features single-family homes, manufactured homes on owned land, and some rural properties, which influences loan choices. For standard single-family homes, conventional, FHA, and USDA loans are all common. It's important to note that USDA Rural Development loans are widely applicable in Coats, offering 100% financing due to its designated rural status, which is a major advantage for eligible buyers.
As a first-time homebuyer in Coats, what should I know about the local market competition?
The Coats market is more moderate than nearby Raleigh, but still competitive, especially for well-priced single-family homes. Getting pre-approved with a local lender or one familiar with the area is crucial to make a strong offer. Working with a lender who understands the pace and values of the Harnett County market can give you a significant edge when submitting an offer.
Are there local credit unions or banks in Coats that offer competitive mortgage rates or special programs?
While Coats itself has limited local bank branches, many homebuyers successfully use regional institutions like First Bank, Trust Bank, or State Employees' Credit Union (SECU), which have a strong presence in Harnett County. These local lenders often have a deep understanding of property values in Coats and may offer relationship discounts or special first-time homebuyer consultations that national lenders do not.
Why Choose a Mortgage Lender in Coats?
Local Market Knowledge
Lenders who understand Coats'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 Coats and get competitive rates on your home loan.