The Best Mortgage Lenders in Graham, NC
Compare verified mortgage lenders serving Graham, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Graham
Featured Mortgage Lenders
State Employees' Credit Union (SECU)
State Employees' Credit Union
As North Carolina's largest credit union with a strong physical presence in Graham, SECU offers exceptional mortgage services with competitive rates and member-focused approach. With deep roots in the community since 1937, they provide personalized service and comprehensive mortgage solutions. Their local branch in Graham ensures face-to-face support throughout the homebuying process, making them a top choice for Alamance County residents seeking reliable, community-based lending with the stability of a well-established financial institution.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has built a strong reputation across North Carolina for efficient processing and excellent customer service. While headquartered in Charlotte, they actively serve the Graham area with dedicated local loan officers. Known for their quick closing times and streamlined digital process, they maintain high customer satisfaction ratings. Their commitment to community involvement and extensive loan product offerings make them a popular choice for Graham homebuyers seeking a modern mortgage experience with competitive rates and professional guidance.
Loan Types:
Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage brings six decades of lending experience to the Graham market through their nearby Burlington office. They're particularly recognized for their expertise in government-backed loans and first-time homebuyer programs. With a strong local presence in the Piedmont Triad region, they offer personalized service and extensive educational resources for borrowers. Their long-standing reputation for reliability and comprehensive loan options, combined with local market knowledge, makes them a trusted choice for Alamance County residents seeking mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Graham, NC
Are there any down payment assistance programs specifically for homebuyers in Graham, NC?
Yes, the City of Graham offers the Graham Home Ownership Assistance Program (GHOAP), which provides up to $10,000 in down payment and closing cost assistance to eligible first-time homebuyers. This is a forgivable loan that is paired with a first mortgage from a participating lender. Eligibility is based on income limits and the purchase of a home within the city limits.
How do property taxes in Alamance County and the City of Graham affect my monthly mortgage payment?
Property taxes in Graham are a combination of Alamance County and City of Graham rates. For the 2023-2024 fiscal year, the combined rate is approximately $0.765 per $100 of assessed value. Your lender will escrow for these taxes, so they are included in your monthly payment. This rate is competitive within the region but is a key factor in your total housing cost.
What is a typical credit score needed to qualify for a mortgage with local lenders in Graham?
While requirements vary, many local lenders in the Graham/Burlington area work with conventional loan programs that typically require a minimum FICO score of 620. For FHA loans, which are popular with first-time buyers, scores can sometimes be approved as low as 580 with a 3.5% down payment. It's advisable to consult with a local credit union or community bank for personalized guidance.
Does Graham's growth and proximity to the Triangle and Triad impact mortgage rates or availability?
Graham's desirable location can lead to competitive housing markets, which may encourage lenders to offer competitive rates to attract buyers. While national rates set the baseline, local credit unions like Local Government Federal Credit Union (LGFCU) or Piedmont Advantage Credit Union often have special promotions for members in the area. Availability of loans is generally good due to the stable market.
Are there special mortgage considerations for buying an older, historic home in Graham's established neighborhoods?
Yes, purchasing an older home in areas like the Graham Historic District may require a specialized appraisal and could affect loan choices. An FHA 203(k) renovation loan or a conventional HomeStyle loan can be excellent options to finance both the purchase and needed updates. Be prepared for a thorough home inspection, as lenders may have specific requirements for the condition of older properties.
Why Choose a Mortgage Lender in Graham?
Local Market Knowledge
Lenders who understand Graham'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 Graham and get competitive rates on your home loan.