The Best Mortgage Lenders in Tarboro, NC
Compare verified mortgage lenders serving Tarboro, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Tarboro
Featured Mortgage Lenders
Coastal Credit Union Mortgage Department
Coastal Credit Union
As one of North Carolina's largest credit unions with a strong presence in eastern North Carolina, Coastal Credit Union receives exceptional ratings for mortgage lending. They offer personalized service with competitive rates and have deep experience serving the Tarboro community. Their mortgage specialists provide comprehensive guidance through the entire home buying process, with particular expertise in first-time homebuyer programs and government-backed loans. Members consistently praise their transparent communication and local decision-making capabilities.
Loan Types:
PrimeLending Home Loans
PrimeLending, A PlainsCapital Company
PrimeLending's Greenville office serves the Tarboro area with outstanding mortgage services and consistently earns top ratings for customer satisfaction. They specialize in creating customized mortgage solutions with competitive rates and flexible terms. Their local loan officers have extensive knowledge of the eastern North Carolina housing market and provide exceptional personal service from application through closing. Customers frequently highlight their responsiveness, expertise with VA and FHA loans, and smooth closing processes.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Founded in North Carolina and now serving nationwide, Movement Mortgage maintains strong roots in the Tar Heel State with excellent service throughout eastern North Carolina including Tarboro. They've revolutionized the mortgage process with their streamlined approach and industry-leading closing times. Their local loan officers provide personalized service with digital convenience, and the company is particularly praised for their community involvement and exceptional customer service. They offer a wide range of loan products with competitive rates and have received numerous industry awards for customer satisfaction.
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Frequently Asked Questions
Common questions about mortgage lending in Tarboro, NC
What first-time homebuyer programs are available specifically in Tarboro, NC?
Tarboro homebuyers can access the NC Home Advantage Mortgage™ program, which offers down payment assistance up to 5% of the loan amount, and the USDA Rural Development loan, which is highly relevant as Tarboro qualifies for 100% financing. Additionally, the Town of Tarboro may occasionally offer local grant programs for home rehabilitation in target neighborhoods, so checking with the Planning Department is advised.
How do property taxes in Edgecombe County affect my mortgage payments in Tarboro?
Edgecombe County has a combined property tax rate for Tarboro residents of approximately $0.92 per $100 of assessed value, which is relatively moderate for North Carolina. Your lender will calculate an escrow payment for these taxes as part of your monthly mortgage payment, and it's important to budget for this as property values and rates can be reassessed.
Are there special mortgage considerations for buying a historic home in Tarboro's historic district?
Yes, purchasing in Tarboro's nationally recognized historic district may require a specialized appraisal and could affect insurance costs and loan options. Some renovation loans, like the FHA 203(k), can be particularly useful for updating these older homes while preserving their character, but you must ensure any changes comply with local historic preservation guidelines.
What is the typical down payment needed for a mortgage in Tarboro's current market?
While conventional loans often require 5-20% down, the affordable home prices in Tarboro (often below the state median) make lower down payments more feasible. Many buyers successfully use FHA loans with 3.5% down or USDA loans with 0% down, especially for properties in eligible rural areas within the town limits.
How does Tarboro's location in a flood zone impact the mortgage process?
Parts of Tarboro near the Tar River are in designated flood zones, which will require mandatory flood insurance as a condition of your mortgage. Your lender will order a flood certification, and this insurance premium will be added to your monthly escrow payment, significantly impacting your total housing cost, so it's a critical factor to investigate early.
Why Choose a Mortgage Lender in Tarboro?
Local Market Knowledge
Lenders who understand Tarboro'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 Tarboro and get competitive rates on your home loan.