The Best Mortgage Lenders in Raeford, NC
Compare verified mortgage lenders serving Raeford, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Raeford
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender with a strong presence in North Carolina, known for its efficient loan processing, competitive rates, and exceptional customer service. They specialize in various loan types and have dedicated loan officers serving the Raeford area, backed by numerous positive reviews for their reliability and community involvement.
Loan Types:
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group has built a reputation over 25+ years for personalized service and competitive financing options across the Southeast, including Raeford, NC. They are praised for their local expertise, transparent processes, and high customer satisfaction ratings, making them a trusted choice for homebuyers in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a well-established lender with a strong national presence and a focus on diverse loan products, including options for first-time buyers and underserved communities. They serve Raeford and surrounding areas with a commitment to competitive rates, excellent customer support, and a track record of high satisfaction from borrowers.
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Frequently Asked Questions
Common questions about mortgage lending in Raeford, NC
Are there any special mortgage programs for first-time homebuyers in Raeford, NC?
Yes, the North Carolina Housing Finance Agency (NCHFA) offers statewide programs like the NC Home Advantage Mortgage™ with down payment assistance, which is accessible to Raeford buyers. Additionally, local lenders may have specific knowledge of USDA Rural Development loans, as much of the area around Raeford qualifies for these zero-down-payment loans, making homeownership more accessible.
How do property taxes in Hoke County and the City of Raeford affect my monthly mortgage payment?
Hoke County has a relatively low property tax rate compared to more urban North Carolina counties, which can make your overall monthly payment more affordable. Your lender will calculate an escrow payment based on the current rate (approximately 0.74% of assessed value for the county, plus a small city rate if applicable), which will be included in your PITI (Principal, Interest, Taxes, Insurance) payment.
What is the typical down payment needed for a mortgage on a home in Raeford's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Raeford utilize programs requiring much less. With FHA loans, you may put down as little as 3.5%, and USDA loans for eligible rural properties require 0% down. Given the area's median home price, local buyers often find down payment assistance programs particularly helpful.
Does Raeford's location near Fort Liberty (formerly Fort Bragg) create unique mortgage considerations?
Absolutely. Many lenders in the area are experienced with VA loans and the specific needs of military and veteran homebuyers. Furthermore, the transient nature of the military population means there is often a steady market for both buying and later renting out a property, which some buyers consider when selecting a mortgage type, such as a loan that allows for future conversion to a rental.
How do appraisals for mortgages work for Raeford's mix of older homes and new construction?
Appraisals are critical, especially for Raeford's historic downtown homes versus newer subdivisions. For older homes, the appraisal will closely scrutinize the condition of major systems (roof, HVAC, foundation). For new construction, the appraisal is based on the builder's plans and specs, and your lender will work with appraisers familiar with local comparables in both Hoke and neighboring Cumberland County.
Why Choose a Mortgage Lender in Raeford?
Local Market Knowledge
Lenders who understand Raeford'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 Raeford and get competitive rates on your home loan.