The Best Mortgage Lenders in Raleigh, NC
Compare verified mortgage lenders serving Raleigh, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Raleigh
Featured Mortgage Lenders
Casey Fleming
Movement Mortgage
Movement Mortgage is a top-rated national lender with a strong Raleigh presence, consistently ranked among the best mortgage companies in North Carolina. Casey Fleming's team specializes in first-time homebuyer programs, competitive conventional loans, and government-backed options. They're known for their streamlined digital process, exceptional communication, and closing loans faster than industry averages. With hundreds of 5-star reviews highlighting their responsiveness and expertise with Triangle-area real estate, they've built a reputation as one of Raleigh's most reliable mortgage providers.
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Scott McPherson
PrimeLending
PrimeLending's Raleigh office, led by Scott McPherson, has earned numerous local awards and maintains exceptional customer satisfaction ratings. They offer a comprehensive range of mortgage products with particularly strong expertise in VA loans and renovation financing. The team is praised for their deep knowledge of Raleigh's competitive housing market and their ability to secure competitive rates for buyers. With over three decades in business and strong relationships with local realtors, they provide personalized service and guidance throughout the entire homebuying process.
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Coastal Credit Union Mortgage Department
Coastal Credit Union
As one of North Carolina's largest credit unions with deep roots in the Triangle region, Coastal Credit Union offers exceptional mortgage services with member-focused benefits. They provide competitive rates, low closing costs, and specialized first-time homebuyer programs tailored to Raleigh's market. Their mortgage team receives consistent praise for their patience in explaining the process and their commitment to finding the right loan product for each member's situation. With multiple Raleigh branches and decades of community banking experience, they combine local expertise with the stability of an established financial institution.
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Frequently Asked Questions
Common questions about mortgage lending in Raleigh, NC
Are there any special first-time homebuyer programs available in Raleigh, NC?
Yes, the NC Home Advantage Mortgage™ program is widely used in Raleigh, offering down payment assistance up to 5% of the loan amount in the form of a 0% interest, forgivable second mortgage. Additionally, the City of Raleigh offers its own Homebuyer Assistance Program for income-eligible buyers, which can provide up to $20,000 in down payment and closing cost assistance as a deferred, forgivable loan.
How does the competitive Raleigh housing market affect the mortgage process?
The fast-paced market often requires buyers to make strong, non-contingent offers. This means getting a solid mortgage pre-approval (not just pre-qualification) from a local lender is critical to be taken seriously by sellers. You may also need to be prepared for appraisal gaps, where the home's appraised value comes in below the offer price, requiring additional cash to cover the difference.
What are typical property taxes in Raleigh, and how do they impact my monthly mortgage payment?
Wake County's property tax rate for Raleigh is approximately 0.76% of the assessed value. For a $400,000 home, this translates to about $3,040 annually, or $253 added to your monthly escrow payment. It's important to factor this into your budget, as property taxes are included in your total monthly mortgage payment and can increase over time.
Are there specific loan programs in Raleigh that are beneficial for buyers in certain neighborhoods?
Yes, several Raleigh neighborhoods are designated as "NC 1st Home Advantage Down Payment" eligible, which can provide additional down payment assistance. Furthermore, homes located in federally designated "low-to-moderate income" census tracts may qualify for special financing or grant programs aimed at community revitalization, so it's worth checking specific addresses with your lender.
How do mortgage rates in Raleigh compare to national averages, and what local factors influence them?
Raleigh mortgage rates are generally aligned with national averages but can be influenced by local competition among lenders and the overall health of the Triangle economy. Strong job growth and population influx keep demand high, which can sometimes lead to slightly more competitive rate offerings from lenders eager to capture business in this stable market.
Why Choose a Mortgage Lender in Raleigh?
Local Market Knowledge
Lenders who understand Raleigh'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 Raleigh and get competitive rates on your home loan.