The Best Mortgage Lenders in Stantonsburg, NC
Compare verified mortgage lenders serving Stantonsburg, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stantonsburg
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender with strong presence throughout North Carolina, including service to Stantonsburg area. They are known for their streamlined digital mortgage process and competitive rates, with particular expertise in VA and FHA loans. The company maintains an A+ BBB rating and has consistently high customer satisfaction scores, with many reviewers praising their efficient closing process and responsive loan officers who understand the local North Carolina market.
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Local Government Federal Credit Union
LGFCU
As one of North Carolina's largest credit unions, LGFCU serves members across the state including Stantonsburg residents. They offer competitive mortgage rates for members and are particularly strong in customer service with numerous awards for member satisfaction. Their mortgage specialists provide personalized service and local market knowledge, with many customers noting the credit union's transparency and willingness to work with first-time homebuyers throughout Wilson County and eastern NC regions.
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Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay has a strong regional presence in eastern North Carolina with a physical office in nearby Greenville, making them highly accessible to Stantonsburg homebuyers. They consistently receive excellent customer reviews for their local market expertise and personalized service approach. The company specializes in both purchase and refinance loans with particular strength in VA and first-time homebuyer programs. Their loan officers have deep knowledge of Wilson County and surrounding areas, providing competitive rates and flexible loan options.
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Frequently Asked Questions
Common questions about mortgage lending in Stantonsburg, NC
What are the typical down payment requirements for homes in Stantonsburg, NC, given its rural setting?
In Stantonsburg, many lenders offer USDA Rural Development loans, which require **0% down payment** for eligible borrowers and properties. This is a major advantage as the entire town qualifies for this program. Conventional loans with 3-5% down are also common, but buyers should explore USDA first for significant savings.
Are there any local or county-specific first-time homebuyer assistance programs available in Wilson County for Stantonsburg purchases?
Yes, the **Wilson County Community Development Block Grant (CDBG) program** occasionally offers down payment and closing cost assistance to income-eligible first-time buyers. Additionally, the NC Home Advantage Mortgage™ program provides statewide assistance that can be used in Stantonsburg, offering up to 5% in down payment help with a 0% interest, forgivable second mortgage.
How do property taxes in Stantonsburg and Wilson County impact my monthly mortgage payment?
Wilson County has a relatively low property tax rate, which helps keep escrow payments manageable. For 2024, the combined rate for Stantonsburg is approximately **$0.765 per $100 of assessed value**. On a $200,000 home, this equates to about $1,530 annually, or $127.50 added to your monthly mortgage payment, which is below the state average.
What should I know about getting a mortgage for a manufactured or modular home in Stantonsburg?
Financing for manufactured homes in Stantonsburg is very accessible, primarily through **FHA Title I or USDA loans**, provided the home is permanently affixed to a foundation and meets specific requirements. It's crucial to work with a lender experienced in rural and manufactured home financing, as not all properties on private land will qualify for every loan type.
How does Stantonsburg's location and lack of major city amenities affect property appraisals and loan approval?
Appraisals in Stantonsburg often use comparable sales ("comps") from nearby towns like Wilson, Saratoga, or even Greenville, which can support value. Lenders are familiar with the area's rural character, so the appraisal process typically accounts for larger lot sizes and the peaceful setting. However, unique or very remote properties may require a specialized appraiser, which can slightly extend the loan timeline.
Nearby Cities
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Why Choose a Mortgage Lender in Stantonsburg?
Local Market Knowledge
Lenders who understand Stantonsburg'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 Stantonsburg and get competitive rates on your home loan.