The Best Mortgage Lenders in Icard, NC
Compare verified mortgage lenders serving Icard, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Icard
Featured Mortgage Lenders
State Employees' Credit Union
State Employees' Credit Union (SECU)
As North Carolina's largest credit union, SECU maintains an exceptional reputation for mortgage lending across the state, including rural areas like Icard. With over 85 years of service, they offer highly competitive rates, personalized service, and deep community commitment. Their local Lenoir branch provides convenient access for Icard residents, and they consistently receive top ratings for customer satisfaction and mortgage expertise. SECU specializes in first-time homebuyer programs and offers various government-backed loans with favorable terms for members.
Loan Types:
First Citizens Bank Mortgage
First Citizens Bank
First Citizens Bank has served North Carolina communities for over 125 years and maintains a strong presence in Burke County and surrounding areas. Their Morganton location provides convenient mortgage services for Icard residents, offering competitive rates and local decision-making. With extensive experience in rural and suburban lending, they understand the unique needs of Icard homebuyers. First Citizens receives high marks for their responsive loan officers, streamlined application process, and commitment to community banking values while offering the resources of a major regional institution.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established itself as a top-rated mortgage lender throughout North Carolina with particular strength in serving smaller communities like Icard. While headquartered in Charlotte, they maintain local loan officers who understand the Burke County market. They're renowned for their efficient "7-day processing" guarantee and excellent customer service. Movement consistently earns high ratings for their digital mortgage experience combined with personalized local service, competitive rates, and expertise in various loan programs including specialized options for rural properties common in the Icard area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Icard, NC
What are the typical down payment requirements for a mortgage in Icard, NC, given its rural nature?
While standard loans often require 3-5% down, many homes in Icard and surrounding Burke County may qualify for USDA Rural Development loans, which offer 0% down payment options. This is a significant advantage for buyers in this area, as most of Icard is eligible for this program, making homeownership more accessible.
Are there any local or state-specific first-time homebuyer programs that Icard residents should know about?
Yes, the NC Home Advantage Mortgage™ program is a key resource, offering down payment assistance and competitive interest rates for eligible first-time and move-up buyers in Icard. Additionally, the NC 1st Home Advantage Down Payment provides up to $8,000 in assistance, which can be crucial in a market where cash for closing can be a barrier.
How do property taxes in Burke County and Icard specifically impact my monthly mortgage payment?
Burke County has a relatively low property tax rate, which is a benefit for Icard homeowners. The 2023 rate was approximately $0.72 per $100 of assessed value. Your lender will account for this in your escrow calculation, resulting in a more affordable total monthly payment compared to many other areas in North Carolina.
What should I know about well and septic inspections when getting a mortgage for a home in Icard?
Many properties in Icard are not on municipal water and sewer. Lenders will typically require a satisfactory well water test and septic system inspection as a condition for loan approval. It's essential to budget for these specific inspections and any potential repairs, as they are non-negotiable for most mortgage programs in the area.
How does Icard's proximity to Hickory and Morganton influence mortgage lending and appraisals?
Appraisals for Icard homes often use comparable sales ("comps") from within Icard, but may also draw from the broader Hickory-Morganton metro area due to limited local inventory. This connection to larger employment centers is viewed positively by lenders, as it supports property values and market stability, which can aid in loan approval.
Nearby Cities
Explore mortgage lenders in cities near Icard, NC
Why Choose a Mortgage Lender in Icard?
Local Market Knowledge
Lenders who understand Icard'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 Icard and get competitive rates on your home loan.