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Faison, NC

The Best Mortgage Lenders in Faison, NC

Compare verified mortgage lenders serving Faison, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
455+
Reviews
8
Loan Types

Available Loan Programs in Faison

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-Time Homebuyer Programs
ARMs

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

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, including USDA loans that benefit rural areas like Faison. With a 4.8-star rating from numerous reviews, they are praised for their streamlined process, local expertise, and commitment to community engagement. Their Raleigh office serves the Faison area effectively, offering personalized support and fast closings.

Experience:16 years
Reviews:185 customer reviews
3101 Poplarwood Court, Raleigh, NC 27604

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage is a top-rated lender with deep roots in North Carolina, including service to Faison. Founded in 1996, they have nearly three decades of experience and a 4.7-star rating for their reliable, customer-focused approach. They offer competitive rates and a variety of loan options, with expertise in USDA and VA loans that appeal to rural and military communities. Their Wilmington branch provides local support, ensuring responsive service and a smooth mortgage process for homebuyers in the Faison region.

Experience:28 years
Reviews:142 customer reviews
2014 Eastwood Road, Wilmington, NC 28403

Loan Types:

ConventionalFHAVAUSDAJumboFirst-Time Homebuyer Programs
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3

New American Funding

New American Funding, LLC

★★★★☆
4.6/5

New American Funding is a reputable lender serving Faison and surrounding areas with a 4.6-star rating and over 20 years of experience. They are known for their diverse loan portfolio, including specialized programs for first-time buyers and competitive refinancing options. Their commitment to customer satisfaction is evident in their responsive service and educational resources. The Charlotte office supports clients in Faison with local market knowledge, making them a reliable choice for mortgages in Eastern North Carolina.

Experience:21 years
Reviews:128 customer reviews
12700 York Road, Charlotte, NC 28278

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceARMs
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Frequently Asked Questions

Common questions about mortgage lending in Faison, NC

What are the typical down payment requirements for homes in Faison, NC, and are there local programs to assist?

In Faison's more affordable market, many conventional loans require a 3-5% down payment, but local and state programs can help. The NC Home Advantage Mortgage™ offers down payment assistance up to 5% of the loan amount, which is a forgivable grant, and is widely available to buyers in Duplin County. Additionally, USDA loans, which require 0% down, are a popular option given Faison's rural eligibility.

How does Faison's rural location impact my mortgage options and interest rates?

Faison's rural designation opens up access to USDA Section 502 Guaranteed Loans, which offer competitive, often below-market, interest rates and require no down payment. While national rate trends still apply, lenders may view properties in stable, small towns like Faison favorably. It's wise to work with a lender experienced in rural financing to navigate these specific programs.

Are there specific first-time homebuyer programs or grants available for Faison residents?

Yes, first-time homebuyers in Faison should explore the NC 1st Home Advantage Down Payment program, which provides up to $15,000 in down payment assistance as a 0% interest, forgivable loan. This state program, combined with the NC Home Advantage Mortgage™, is particularly powerful in Faison's market, making homeownership very accessible for qualifying buyers with moderate incomes.

What should I know about property taxes and insurance when calculating my mortgage payment in Faison?

Duplin County property taxes are relatively low, with a 2024 rate of approximately 0.74% of assessed value, which positively impacts your total monthly payment. For insurance, while flood zones are not widespread, some areas may require additional coverage. Your lender will help you escrow for these costs, but budgeting for a homeowners insurance premium typical of a rural area is advisable.

How does the appraisal process work for a home in a small town like Faison, and what are the challenges?

Appraisals in Faison can be challenging due to fewer recent comparable sales ("comps") than in urban areas. Appraisers may need to look at similar homes in nearby towns like Warsaw or Magnolia. To avoid delays, provide your lender with any information on recent upgrades or unique property features. Using a local lender familiar with the Duplin County market can streamline this process.

Mortgage Insights

Finding Your Best Mortgage Broker in Faison, NC: Your Local Key to Homeownership

Searching for the "best mortgage broker near me" is more than just finding a loan officer; it's about finding a local guide who understands the unique landscape of Faison, North Carolina. As a charming town in Duplin County, Faison offers a blend of small-town appeal, agricultural roots, and growing accessibility to larger hubs like Raleigh and Wilmington. This creates a specific financial picture for homebuyers, making your choice of a local mortgage professional absolutely critical.

In Faison's housing market, you'll encounter a mix of historic homes, newer subdivisions, and rural properties with larger lots. A mortgage broker based in Eastern North Carolina will grasp these nuances. They understand how appraisals might work for a farmhouse on the outskirts versus a home closer to Main Street. They're also tuned into the local economy, which can influence lender confidence and loan options. A broker who knows Faison can be your advocate, ensuring your loan application accurately reflects the true value and appeal of properties here.

So, how do you find this ideal partner? Start by asking for referrals from your local real estate agent, who works with these professionals daily. Look for brokers who are not just licensed in North Carolina but are actively engaged in the Sampson and Duplin County areas. Check online reviews, but pay special attention to comments about their communication style and their ability to handle unique property situations. When you interview potential brokers, ask them directly: "How many loans have you closed in the Faison area in the last year?" and "Can you give me an example of a challenging property in Duplin County you helped a client finance?" Their answers will tell you everything.

Don't overlook state-specific programs that a knowledgeable North Carolina broker will highlight. The NC Home Advantage Mortgage™ is a powerful tool for first-time and move-up buyers, offering down payment assistance and competitive interest rates. For eligible veterans and service members, the NC Housing Finance Agency also offers the Veterans Home Advantage program. A top-tier Faison-area broker will help you determine if you qualify for these programs, potentially saving you thousands of dollars at closing—a game-changer in managing your upfront costs.

Your actionable first step is to shift your search from a generic online query to a targeted local mission. Compile a shortlist of two or three brokers with strong local ties. Prepare your questions about local experience and state programs. By choosing a mortgage broker who is embedded in the fabric of Eastern North Carolina, you're not just getting a loan; you're gaining a knowledgeable ally who can navigate the path to your new Faison home with expertise and local insight. Your dream home in this close-knit community deserves that level of personalized, local attention.

Nearby Cities

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Why Choose a Mortgage Lender in Faison?

Local Market Knowledge

Lenders who understand Faison'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 Faison and get competitive rates on your home loan.