The Best Mortgage Lenders in Gastonia, NC
Compare verified mortgage lenders serving Gastonia, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gastonia
Featured Mortgage Lenders
State Employees' Credit Union
State Employees' Credit Union (SECU)
As North Carolina's largest credit union, SECU maintains a strong presence in Gastonia with exceptional member satisfaction ratings. They offer highly competitive rates with no origination fees and personalized service through local branch offices. Their long-standing community commitment, extensive mortgage expertise, and member-focused approach make them a top choice for Gastonia homebuyers seeking reliable, affordable financing options with local decision-making.
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Movement Mortgage
Movement Mortgage, LLC
Founded in Charlotte and serving the entire Gastonia market, Movement Mortgage brings strong local expertise with national capabilities. They're renowned for their streamlined digital process and rapid closing times, typically completing loans in 30 days or less. With hundreds of excellent reviews highlighting their responsive service and competitive rates, they've built a reputation as one of the Southeast's most reliable mortgage lenders, particularly strong in first-time homebuyer programs.
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Truist Bank
Truist Bank
With a physical branch presence in Gastonia and deep roots in North Carolina banking, Truist offers comprehensive mortgage services backed by extensive local market knowledge. They provide competitive rate options and flexible terms, with particular strength in construction lending and relationship banking. Their long history in the region and consistent customer satisfaction ratings make them a trusted choice for Gastonia residents seeking personalized service from experienced mortgage professionals.
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Frequently Asked Questions
Common questions about mortgage lending in Gastonia, NC
Are there any special first-time homebuyer programs available in Gastonia, NC?
Yes, Gastonia homebuyers can access the NC Home Advantage Mortgage™ program, which offers down payment assistance up to 5% of the loan amount (forgivable after 20 years) and competitive interest rates. Additionally, the City of Gastonia may offer its own Community Development Block Grant (CDBG) funds for income-eligible buyers in targeted neighborhoods, so it's wise to check with local housing nonprofits.
How do property taxes in Gastonia affect my monthly mortgage payment?
Gastonia is located in Gaston County, which has a combined city and county property tax rate that is relatively moderate for the Charlotte metro area. Your lender will estimate these taxes for your escrow account, and it's important to note that Gaston County reassesses property values every eight years, which can cause a noticeable jump in your payment after a reassessment.
What is the typical down payment needed for a home in Gastonia's current market?
While 20% down is ideal to avoid mortgage insurance, many buyers in Gastonia utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's more affordable price points compared to Charlotte. Local lenders are familiar with structuring loans for Gastonia's median home prices, which often allows for lower absolute down payment amounts.
Are USDA loans a viable option for mortgage lending in Gastonia, NC?
Absolutely. A significant portion of Gaston County, including many areas on the outskirts of Gastonia city limits, is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers looking at single-family homes in those designated areas, making homeownership more accessible.
How does Gastonia's proximity to Charlotte influence mortgage lending and appraisals?
Lenders and appraisers often view Gastonia as part of the greater Charlotte MSA, which can be beneficial for loan approval and competitive rates due to strong regional growth. However, appraisals must be based on comparable sales ("comps") primarily from Gastonia and immediate surrounding towns, as values can differ significantly from Charlotte-proper neighborhoods.
Why Choose a Mortgage Lender in Gastonia?
Local Market Knowledge
Lenders who understand Gastonia'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 Gastonia and get competitive rates on your home loan.