The Best Mortgage Lenders in Tabor City, NC
Compare verified mortgage lenders serving Tabor City, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Tabor City
Featured Mortgage Lenders
State Employees' Credit Union - Tabor City Branch
State Employees' Credit Union
As North Carolina's largest credit union with deep roots across the state, SECU provides exceptional mortgage services to Tabor City residents with highly competitive rates and personalized local service. Their not-for-profit structure allows them to offer lower fees and better terms than traditional banks, and their extensive branch network throughout Columbus County ensures convenient access. Members consistently praise their knowledgeable loan officers who provide guidance through the entire mortgage process with exceptional customer service.
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Tidewater Mortgage Services, Inc.
Tidewater Mortgage Services, Inc.
This highly-rated regional mortgage broker serves the entire southeastern North Carolina region including Tabor City, with particular expertise in coastal and rural property financing. They excel at finding competitive rates from multiple lenders and have specialized knowledge of USDA rural development loans that benefit Tabor City homebuyers. Their team of experienced loan officers provides personalized service and guidance through complex mortgage scenarios, with numerous reviews highlighting their responsiveness and ability to close loans efficiently.
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Movement Mortgage - Wilmington Team
Movement Mortgage, LLC
Movement Mortgage has established a strong presence throughout southeastern North Carolina with a dedicated team serving the Tabor City area. Known for their innovative digital mortgage process and fast closing times, they combine national lending power with local expertise. Their commitment to community involvement and customer education makes them particularly valuable for first-time homebuyers in the Tabor City market. Reviews consistently praise their efficient process and the accessibility of their loan officers throughout the entire mortgage journey.
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Frequently Asked Questions
Common questions about mortgage lending in Tabor City, NC
Are there any special mortgage programs for first-time homebuyers in Tabor City, NC?
Yes, the North Carolina Housing Finance Agency (NCHFA) offers statewide programs like the NC Home Advantage Mortgage™ with down payment assistance, which is accessible to Tabor City buyers. Additionally, local lenders may have specific knowledge of USDA Rural Development loans, which are highly relevant for the Tabor City area due to its rural designation, offering 100% financing options to eligible buyers.
How does Tabor City's rural location affect my mortgage options and property eligibility?
Tabor City's rural classification is a significant advantage for many buyers. A large portion of Columbus County, including Tabor City, is eligible for USDA Rural Development Guaranteed Loans, which require no down payment. This makes homeownership more accessible, but it's crucial to work with a lender experienced in USDA loans to confirm the specific property's eligibility through the USDA eligibility map.
What are typical closing costs for a mortgage in Tabor City compared to larger NC cities?
Closing costs in Tabor City are generally lower than in major metropolitan areas like Charlotte or Raleigh, primarily due to lower property taxes and often lower settlement fees. However, specific costs can vary; you can expect them to range from 2% to 5% of the loan amount. It's wise to get a detailed Loan Estimate from a local lender who understands county-specific fees like those in Columbus County.
Are property taxes in Tabor City factored differently into mortgage qualifications?
Yes, lenders will use the local property tax rate when calculating your debt-to-income ratio (DTI). Columbus County's property tax rate is a key component of your monthly escrow payment. The current rate is an important figure for your lender to obtain, as even a slight difference can affect your qualifying loan amount and monthly payment calculation.
What should I know about the local Tabor City real estate market when getting pre-approved for a mortgage?
The Tabor City market features a mix of affordable single-family homes and land, often at lower price points than state averages. This can mean a lower mortgage amount is needed. However, a thorough appraisal is critical, as comparable sales ("comps") in a rural area can be less frequent. Getting a strong pre-approval from a local lender makes your offer more competitive in this market.
Why Choose a Mortgage Lender in Tabor City?
Local Market Knowledge
Lenders who understand Tabor City'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 Tabor City and get competitive rates on your home loan.