The Best Mortgage Lenders in Rex, NC
Compare verified mortgage lenders serving Rex, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rex
Featured Mortgage Lenders
State Employees' Credit Union Mortgage Department
State Employees' Credit Union
As North Carolina's largest credit union with extensive statewide presence, SECU provides exceptional mortgage services to Rex residents with highly competitive rates and personalized member service. Their not-for-profit structure allows them to offer lower fees and better terms than many traditional banks. With over 270 branches across North Carolina, they have deep roots in local communities and understand the specific needs of NC homebuyers. Their mortgage specialists provide comprehensive guidance through the entire home buying process with exceptional customer satisfaction ratings.
Loan Types:
New American Funding - Charlotte Office
New American Funding
New American Funding has established itself as a top mortgage lender serving the greater Charlotte metropolitan area, including Rex, NC. They are particularly recognized for their diverse loan programs and commitment to serving all credit profiles. Their local Charlotte team understands the North Carolina housing market dynamics and provides personalized service with competitive rates. They excel in first-time homebuyer programs and offer unique opportunities for borrowers with varying financial backgrounds, earning high marks for customer service and communication throughout the loan process.
Loan Types:
Movement Mortgage - Charlotte Division
Movement Mortgage
Founded in North Carolina and headquartered in the Charlotte area, Movement Mortgage has deep roots in serving communities throughout the state, including Rex. They are particularly noted for their efficient processing and "Movement Promise" which provides upfront underwriting approval. Their local loan officers have extensive knowledge of the central NC market and provide exceptional guidance on neighborhood-specific considerations. Movement consistently receives high marks for their streamlined digital process combined with personalized local service, making them a preferred choice for both purchase and refinance transactions in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Rex, NC
What are the current mortgage rates like in Rex, NC, and how do they compare to state or national averages?
Mortgage rates in Rex are generally aligned with national averages, but local lenders may offer competitive terms. As a suburb of Charlotte, rates can be influenced by the broader metro market. It's advisable to compare offers from local credit unions, regional banks, and national lenders, as competition can sometimes yield slightly better terms for well-qualified buyers in this area.
Are there any down payment assistance programs specifically for first-time homebuyers in Rex?
Yes, first-time homebuyers in Rex can access the NC Home Advantage Mortgage™ program, which offers down payment assistance up to 5% of the loan amount in the form of a 0% interest, forgivable second mortgage. Additionally, the NC 1st Home Advantage Down Payment provides up to $15,000 in assistance. These state programs are widely available to qualified buyers in Rex with income and purchase price limits.
How does being in an unincorporated community of Charlotte affect property taxes and mortgage escrow in Rex?
Since Rex is an unincorporated area of Mecklenburg County, your property taxes will be based on the county rate, which is currently lower than the combined city/county rate in Charlotte proper. This can result in lower monthly escrow payments. Your lender will calculate escrow based on the county tax assessor's valuation, which is typically reassessed every 4-8 years.
What type of property insurance considerations are unique to mortgages in Rex, NC?
While Rex isn't in a high-risk flood zone, some properties near creeks or low-lying areas may require a flood elevation certificate and separate flood insurance, which your lender will mandate. Standard homeowners insurance in Rex should also account for common regional risks like wind/hail and occasional severe thunderstorms, which can influence your premium and, consequently, your total monthly mortgage payment.
Are USDA rural development loans available for homes in Rex, given its location?
Yes, surprisingly, parts of Rex, NC, are still eligible for USDA Rural Development loans, which offer 100% financing with no down payment. Eligibility is determined by specific census tract data. A local mortgage lender familiar with the area can quickly check a property's address against the USDA eligibility map, making this a valuable zero-down option for qualifying buyers and properties.
Why Choose a Mortgage Lender in Rex?
Local Market Knowledge
Lenders who understand Rex'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 Rex and get competitive rates on your home loan.