The Best Mortgage Lenders in Hillsborough, NC
Compare verified mortgage lenders serving Hillsborough, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hillsborough
Featured Mortgage Lenders
Jason Bortz
Movement Mortgage
Jason Bortz with Movement Mortgage is one of the highest-rated mortgage professionals specifically serving Hillsborough and the surrounding Triangle area. With over 185 overwhelmingly positive reviews and 14 years of experience, he specializes in providing personalized mortgage solutions with Movement's efficient processing system. His expertise covers first-time homebuyer programs, VA loans for military families, and competitive conventional financing. Movement Mortgage, founded in 2008, has established itself as a top national lender with strong local presence, known for quick closings and excellent customer service throughout the mortgage process.
Loan Types:
Chris L. Jones
Guild Mortgage
Chris Jones with Guild Mortgage serves the Hillsborough market from their nearby Chapel Hill office and has built an exceptional reputation over 12 years in the mortgage industry. With 127 reviews averaging 4.8 stars, he's known for his expertise in first-time homebuyer programs, VA loans, and providing educational guidance throughout the home financing process. Guild Mortgage, founded in 1960, brings over 60 years of mortgage lending experience and offers a wide range of loan products with competitive rates. Their local office presence ensures personalized service for Hillsborough residents seeking mortgage solutions.
Loan Types:
Mortgage Services
Coastal Federal Credit Union
Coastal Federal Credit Union serves the entire Triangle region including Hillsborough with their comprehensive mortgage lending services. With nearly 400 reviews and a 4.7 rating, they've built a strong reputation for competitive rates and member-focused service over their 48 years in operation. As a credit union, they offer particularly attractive terms for conventional loans, first-time buyer programs, and refinancing options. Their mortgage team provides personalized service with the benefit of local decision-making, making them an excellent choice for Hillsborough homebuyers seeking competitive financing with outstanding customer service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hillsborough, NC
Are there any special first-time homebuyer programs available specifically for Hillsborough, NC?
Yes, the Orange County Housing and Community Development Department offers the Community Homebuyer Program, which provides down payment and closing cost assistance to eligible first-time buyers purchasing a home within Orange County, including Hillsborough. This is a forgivable loan program that can be a significant help given the area's competitive market.
How do property taxes in Hillsborough, NC, affect my monthly mortgage payment?
Orange County, which includes Hillsborough, has a combined property tax rate that is moderately high for North Carolina, currently around 0.86%. Your lender will escrow for these taxes, and it's important to factor this into your total monthly payment, as it can be a notable addition compared to some neighboring counties.
What is a typical down payment needed for a home in Hillsborough's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Hillsborough successfully purchase with 3-5% down using conventional loans, especially first-time buyers. Given the high demand for homes in the area, a stronger down payment can make your offer more competitive against multiple bids.
Are there specific mortgage considerations for buying a historic home in downtown Hillsborough?
Absolutely. Purchasing a home in the Hillsborough Historic District may require a specialized renovation loan (like an FHA 203(k) or Fannie Mae HomeStyle® loan) if updates are needed, as strict preservation guidelines can increase repair costs. You should also ensure your appraisal recognizes the value of historic characteristics unique to the area.
How does Hillsborough's proximity to the Research Triangle Park (RTP) influence mortgage lending?
Lenders are very familiar with the stable, high-income employment base from RTP, Durham, and Chapel Hill, which can be favorable for your application. However, it also means home prices and competition are elevated. Demonstrating secure employment with a strong debt-to-income ratio is key to getting the best mortgage rates in this desirable location.
Nearby Cities
Explore mortgage lenders in cities near Hillsborough, NC
Why Choose a Mortgage Lender in Hillsborough?
Local Market Knowledge
Lenders who understand Hillsborough'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 Hillsborough and get competitive rates on your home loan.