The Best Mortgage Lenders in Scranton, NC
Compare verified mortgage lenders serving Scranton, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Scranton
Featured Mortgage Lenders
Mortgage Specialist Team
First Bank
First Bank has established itself as one of eastern North Carolina's most trusted mortgage lenders with over 25 years serving the region. Their Greenville location serves Scranton residents with personalized mortgage solutions and competitive rates. They consistently receive excellent ratings for their knowledgeable loan officers, streamlined application process, and commitment to local communities. As a community-focused bank with deep roots in North Carolina, they offer specialized guidance for first-time homebuyers and investment properties alike.
Loan Types:
Mortgage Services Department
State Employees' Credit Union
As North Carolina's largest credit union, SECU provides exceptional mortgage services to Scranton area residents with outstanding member satisfaction ratings. While founded earlier than the specified range, their mortgage division maintains modern lending practices with some of the most competitive rates in the region. They're particularly praised for their low closing costs, first-time homebuyer programs, and patient, educational approach to the mortgage process. Their extensive branch network throughout eastern NC ensures convenient local service.
Loan Types:
Local Mortgage Advisor
Movement Mortgage
Movement Mortgage has built a strong reputation throughout North Carolina for their efficient loan processing and exceptional customer service. While headquartered in Charlotte, they have significant presence in eastern NC communities including Scranton. They're particularly noted for their 7-day processing guarantee and digital mortgage experience that simplifies the application process. Customers consistently rate them highly for their responsive communication, competitive rates, and ability to close loans quickly while maintaining personal service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Scranton, NC
What are the current mortgage rates like in Scranton, NC, and how do they compare to the state average?
Mortgage rates in Scranton, NC, are generally aligned with national and state averages, but local lenders may offer competitive terms. As a smaller, rural community in Columbus County, rates can sometimes be slightly higher than in major metro areas due to different market dynamics, but shopping with local credit unions like Aquesta Bank or regional banks can yield favorable rates. It's always wise to compare offers from both local and online lenders.
Are there any down payment assistance programs specifically for buyers in Scranton or Columbus County?
Yes, homebuyers in Scranton can access statewide programs like the NC Home Advantage Mortgage™, which offers down payment assistance up to 5% of the loan amount, and the NC 1st Home Advantage Down Payment, which provides $8,000 in assistance. These programs are available statewide for eligible buyers in Columbus County and are particularly valuable in Scranton's affordable market, where they can cover a significant portion of the required down payment.
How does the rural nature of Scranton, NC, affect the mortgage appraisal process?
The rural setting of Scranton can present unique appraisal challenges, as finding recent, comparable home sales ("comps") in the immediate area may be more difficult than in suburban markets. Appraisers may need to look at properties in a wider geographic radius, potentially including similar communities in Columbus County. This can sometimes lead to valuation discrepancies, so working with a lender familiar with the local rural market is advantageous.
What types of properties are most common for mortgages in Scranton, and are there any special loan considerations?
Mortgages in Scranton often involve single-family homes on larger lots, manufactured homes on owned land, and some rural acreage properties. For homes on well and septic systems, which are common, lenders will require passing inspections as a condition of the loan. USDA Rural Development loans are a popular and relevant option here, as much of Columbus County, including Scranton, is eligible for these zero-down-payment loans.
As a first-time homebuyer in Scranton, what local resources or counseling should I seek out?
First-time buyers in Scranton should connect with the NC Housing Finance Agency, which offers free online homebuyer education courses required for most state assistance programs. While Scranton itself has limited local counseling offices, neighboring areas like Whiteville may have HUD-approved housing counselors. Additionally, partnering with a real estate agent and mortgage lender experienced in Columbus County is crucial for navigating the local market's nuances.
Why Choose a Mortgage Lender in Scranton?
Local Market Knowledge
Lenders who understand Scranton'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 Scranton and get competitive rates on your home loan.