The Best Mortgage Lenders in Fayetteville, NC
Compare verified mortgage lenders serving Fayetteville, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fayetteville
Featured Mortgage Lenders
State Employees' Credit Union (SECU)
State Employees' Credit Union
As North Carolina's largest credit union with deep roots in Fayetteville, SECU offers exceptional mortgage services with highly competitive rates and minimal fees. Their local branch presence and commitment to member service make them a top choice for Fayetteville homebuyers. They specialize in first-time homebuyer programs and offer personalized guidance throughout the mortgage process, with particular strength in serving military families and government employees in the Fort Bragg area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong local presence in Fayetteville with their dedicated branch office serving the Cumberland County area. Known for their efficient processing and competitive rates, they've built a reputation for closing loans quickly while maintaining excellent customer service. Their specialization in VA loans makes them particularly valuable for the large military community around Fort Bragg, and they offer a streamlined digital mortgage experience alongside personalized local support.
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Cardinal State Mortgage
Cardinal State Mortgage Group, Inc.
As a locally-owned and operated mortgage broker based in downtown Fayetteville, Cardinal State Mortgage provides highly personalized service and deep knowledge of the local real estate market. Their exceptional 4.9 rating reflects their commitment to customer satisfaction and their ability to find the best loan products from multiple lenders. They excel at guiding first-time homebuyers through the process and have particular expertise with VA loans, serving the substantial military population in the Fayetteville/Fort Bragg area with dedicated attention.
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Frequently Asked Questions
Common questions about mortgage lending in Fayetteville, NC
Are there any special mortgage programs for first-time homebuyers in Fayetteville, NC?
Yes, Fayetteville and Cumberland County homebuyers can access the NC Home Advantage Mortgage™ program, which offers down payment assistance up to 5% of the loan amount. This is particularly beneficial given the large military and first-responder population, as the program also provides a $15,000 grant for teachers, military veterans, and first responders purchasing in Cumberland County.
How does Fayetteville's large military population affect the mortgage process?
Military buyers, especially those stationed at Fort Liberty, should explore VA loans, which offer 100% financing with no private mortgage insurance (PMI). Many local lenders in Fayetteville have extensive experience with VA loans and understand military pay structures, making the process smoother. It's also common to use VA loans for properties just outside the base in areas like Haymount or Jack Britt.
What are typical down payment requirements for conventional loans in Fayetteville's housing market?
While conventional loans can require as little as 3% down, many lenders in Fayetteville recommend 5-10% for competitive offers, given the moderate price points in the area. For a median-priced Fayetteville home around $250,000, this translates to $12,500-$25,000. Local credit unions like Allegacy often have favorable terms for members.
Does Fayetteville have any city-specific programs for home rehabilitation or purchase in certain neighborhoods?
The City of Fayetteville offers the Home Rehabilitation Loan Program for low-to-moderate income homeowners to make essential repairs. While not a direct purchase program, this can affect mortgage decisions for homes in older, established neighborhoods like College Lakes or Massey Hill, as buyers may factor in potential renovation costs.
How do property taxes in Cumberland County impact monthly mortgage payments in Fayetteville?
Cumberland County's property tax rate is approximately 0.7995%, which is relatively moderate for North Carolina. For a $250,000 home, annual taxes would be around $2,000, adding roughly $167 to the monthly PITI payment. This is an important consideration when budgeting, as Fayetteville's overall cost of living remains affordable compared to larger NC metros.
Nearby Cities
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Why Choose a Mortgage Lender in Fayetteville?
Local Market Knowledge
Lenders who understand Fayetteville'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 Fayetteville and get competitive rates on your home loan.