The Best Mortgage Lenders in Greensboro, NC
Compare verified mortgage lenders serving Greensboro, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greensboro
Featured Mortgage Lenders
Mark Johnson
Truist Mortgage
As one of the largest financial institutions headquartered in North Carolina, Truist (formerly BB&T) has deep roots in Greensboro and extensive local market expertise. They maintain a 4.8-star rating based on 420 reviews, offering competitive rates and a full spectrum of mortgage products. Their local branch network and digital mortgage platform provide both personalized service and convenience. Truist is particularly noted for their construction-to-permanent loans and portfolio lending options, making them ideal for custom home builds and unique property types in the Greensboro area.
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Sarah Thompson
State Employees' Credit Union Mortgage
SECU is North Carolina's largest credit union with a stellar 4.9-star rating and strong presence throughout Greensboro. They offer exceptionally competitive rates with no origination fees on most mortgage products. Their mortgage specialists are known for personalized guidance through the entire homebuying process, particularly beneficial for first-time homebuyers. SECU maintains multiple branches throughout Greensboro and offers local underwriting decisions, which often results in faster closing times compared to national lenders.
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Michael Rodriguez
Movement Mortgage
Movement Mortgage has established a strong reputation in Greensboro with their unique "On the Go" mortgage approval process and rapid closing times, often within 3 weeks. With a 4.7-star rating based on 295 reviews, they're particularly praised for their responsive communication and streamlined digital experience. While founded in 2008, their experienced local team averages over 15 years in the mortgage industry. Movement specializes in purchase mortgages and offers innovative products like their "Same Day Approval" program, making them a top choice for competitive real estate markets in the Greensboro area.
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Frequently Asked Questions
Common questions about mortgage lending in Greensboro, NC
Are there any special first-time homebuyer programs available in Greensboro, NC?
Yes, Greensboro homebuyers can access the NC Home Advantage Mortgage™ program, which offers down payment assistance up to 5% of the loan amount. Additionally, the City of Greensboro offers the HOME Investment Partnership Program, providing deferred, zero-interest loans for down payment and closing cost assistance to income-eligible buyers purchasing within city limits.
How do property taxes in Guilford County affect my mortgage payments in Greensboro?
Guilford County property taxes are a key component of your monthly escrow payment. The 2023 rate for Greensboro is approximately $0.6365 per $100 of assessed value. Your lender will calculate this into your monthly payment, and it's important to budget for this, as it can be higher than in some surrounding rural counties.
What is a typical down payment percentage for a conventional loan on a home in Greensboro's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many local lenders in Greensboro work with buyers putting down as little as 3-5% for conventional loans, especially for first-time buyers. Given the competitive mid-price market, having at least 5-10% down can strengthen your offer on popular homes in areas like Irving Park or Sunset Hills.
Are there specific mortgage considerations for buying a historic home in Greensboro's established neighborhoods?
Yes, purchasing a home in a historic district like Fisher Park or College Hill may require a specialized renovation loan (like an FHA 203k) if updates are needed, as strict preservation guidelines can affect repair costs. Additionally, some lenders may require specific inspections, and insurance premiums can be slightly higher due to the cost of replicating historic materials.
How do local Greensboro employment sectors, like healthcare and logistics, influence mortgage approval?
Lenders view employment in Greensboro's stable major sectors—healthcare (Cone Health, Novant Health), education (UNC Greensboro, NC A&T), and logistics (due to the central location)—favorably for mortgage approval. Consistent income from these employers can support strong debt-to-income ratios. However, contract or gig workers in the growing Piedmont Triad Research Park may need to provide a longer history of income documentation.
Nearby Cities
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Why Choose a Mortgage Lender in Greensboro?
Local Market Knowledge
Lenders who understand Greensboro'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 Greensboro and get competitive rates on your home loan.