The Best Mortgage Lenders in Cordova, NC
Compare verified mortgage lenders serving Cordova, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cordova
Featured Mortgage Lenders
State Employees' Credit Union Mortgage Department
State Employees' Credit Union
As North Carolina's largest credit union with extensive branch coverage throughout the state, SECU provides exceptional mortgage services to Cordova residents with highly competitive rates and minimal fees. Their not-for-profit structure allows them to offer some of the most favorable terms in the region, and their local Fayetteville branch provides convenient in-person service. With decades of experience serving North Carolina communities, they're renowned for personalized service and member-focused lending approach.
Loan Types:
First Bank Mortgage Division
First Bank
First Bank has deep roots in southeastern North Carolina with multiple branches serving the Cordova area. Their mortgage team provides comprehensive lending solutions with local underwriting and decision-making, ensuring personalized service for homebuyers. They're particularly strong in construction and renovation lending, offering flexible terms and competitive rates. The Lumberton location provides convenient access for Cordova residents seeking face-to-face mortgage consultation.
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Movement Mortgage Local Office
Movement Mortgage
While headquartered in Charlotte, Movement Mortgage has established itself as a premier mortgage lender throughout North Carolina with dedicated local loan officers serving the Cordova area. They're renowned for their efficient "7-day processing" and excellent customer service, consistently earning high marks for communication and closing reliability. Their specialization in various government-backed loans makes them particularly valuable for first-time homebuyers and military families in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Cordova, NC
Are there any first-time homebuyer programs specifically for residents of Cordova, NC?
While Cordova itself does not have a city-specific program, as part of Richmond County, NC, buyers can access statewide initiatives like the NC Home Advantage Mortgage™ with down payment assistance. Additionally, the USDA Rural Development loan is a powerful option here, as much of the Cordova area qualifies for 100% financing due to its rural designation, making homeownership more accessible.
How does Cordova's rural location in Richmond County affect my mortgage options and process?
Cordova's rural character expands your loan choices, most notably with the USDA loan, which is a zero-down-payment program ideal for the area. However, it may also mean a more limited pool of local appraisers and lenders familiar with the specific property types (like homes on larger lots or with wells/septic), so choosing a lender with experience in rural North Carolina is crucial for a smooth closing.
What are typical property taxes like for a mortgage in Cordova, and how are they handled?
Richmond County, where Cordova is located, has a relatively low property tax rate, which can be an advantage for your monthly mortgage payment. For the 2023-2024 fiscal year, the rate is $0.77 per $100 of assessed value. Your lender will collect funds for this tax in your monthly escrow payment, ensuring the annual bill is paid directly to the Richmond County Tax Office.
Are there any local grants or assistance for home repairs or renovations in Cordova that I should know about before getting a mortgage?
Yes, depending on your income, you may qualify for the USDA Single Family Housing Repair Loans & Grants (Section 504) program, which is active in eligible rural areas like Cordova. Furthermore, incorporating renovation costs into your initial purchase is possible with an FHA 203(k) or Fannie Mae HomeStyle® loan, which are great for updating older homes common in the area.
How do mortgage rates and closing costs in Cordova compare to larger cities in North Carolina?
Mortgage interest rates are generally set nationally, so you'll see similar rates as in Charlotte or Raleigh. However, some closing costs can vary. Title insurance and certain settlement fees may be slightly lower than in major metro areas, but you might encounter additional costs for specialized inspections (like well and septic) that are standard for rural properties, which can offset some of those savings.
Why Choose a Mortgage Lender in Cordova?
Local Market Knowledge
Lenders who understand Cordova'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 Cordova and get competitive rates on your home loan.