The Best Mortgage Lenders in Reidsville, NC
Compare verified mortgage lenders serving Reidsville, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Reidsville
Featured Mortgage Lenders
Jason Price
Movement Mortgage
Movement Mortgage has established itself as one of the top mortgage lenders serving the Reidsville area with exceptional customer satisfaction ratings. Jason Price and his team specialize in providing personalized mortgage solutions with a strong focus on local community service. They are known for their efficient processing, competitive rates, and expertise in various loan programs including first-time homebuyer assistance. Their Greensboro location actively serves the entire Piedmont Triad region including Reidsville, with many customers praising their responsive communication and smooth closing process.
Loan Types:
Member Services
Truliant Federal Credit Union
Truliant Federal Credit Union has been serving North Carolina communities for over six decades and maintains a strong presence in the Reidsville market. As a member-owned financial cooperative, Truliant offers competitive mortgage rates and personalized service to both members and non-members. They are particularly recognized for their first-time homebuyer programs and local underwriting expertise. With multiple branches throughout the region and dedicated mortgage specialists, they provide comprehensive home financing solutions with the advantage of local decision-making and community-focused service.
Loan Types:
Chris Coble
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation, represented by Chris Coble in Greensboro, is a highly-rated mortgage lender that actively serves the Reidsville community. With nearly three decades in business, Fairway has built a reputation for exceptional customer service and competitive loan products. Chris Coble's team specializes in creating custom mortgage solutions for Reidsville homebuyers, offering expertise in various loan programs and maintaining strong relationships with local real estate professionals. Customers consistently praise their attention to detail, transparent communication, and ability to navigate complex financing situations successfully.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Reidsville, NC
Are there any first-time homebuyer assistance programs specific to Reidsville, NC?
Yes, the City of Reidsville offers a Down Payment Assistance Program for first-time homebuyers who meet income and credit qualifications. This program provides a forgivable loan of up to $5,000 to help with down payment and closing costs. Additionally, North Carolina's NC Home Advantage Mortgage™ program is widely available in Reidsville, offering down payment assistance and competitive interest rates for qualifying buyers.
What are typical mortgage rates for homebuyers in Reidsville, and how do they compare to the national average?
Mortgage rates in Reidsville generally align with national averages, but local lenders may offer competitive terms. As a smaller city in Rockingham County, rates can sometimes be slightly more favorable due to lower perceived risk in a stable market. It's crucial to compare offers from local credit unions, community banks, and national lenders, as even a small difference can be significant given Reidsville's affordable home prices.
How does Reidsville's property tax rate affect my monthly mortgage payment?
Reidsville has a combined city and county property tax rate that is competitive within North Carolina. For the 2024 fiscal year, the rate is approximately $0.665 per $100 of assessed value. When you escrow taxes with your mortgage, this relatively moderate rate helps keep your total monthly payment manageable, which is an advantage in Reidsville's affordable housing market.
What special considerations should I be aware of when getting a mortgage for a home in Reidsville's historic districts?
If purchasing in a designated historic area like downtown Reidsville, you may need a specialized renovation loan like the FHA 203(k) or a conventional rehab loan. These mortgages can finance both the purchase and the cost of approved renovations, which is crucial as historic homes often require updates. Ensure your lender has experience with these products and understands local historic preservation guidelines.
Are USDA rural housing loans available in Reidsville, NC, given its location?
Yes, most of Reidsville and its surrounding areas in Rockingham County are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a significant advantage for eligible buyers with moderate incomes looking at properties just outside the city core. A local mortgage lender can confirm the specific eligibility of a property using the USDA's online eligibility map.
Why Choose a Mortgage Lender in Reidsville?
Local Market Knowledge
Lenders who understand Reidsville'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 Reidsville and get competitive rates on your home loan.