The Best Mortgage Lenders in Union Grove, NC
Compare verified mortgage lenders serving Union Grove, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Union Grove
Featured Mortgage Lenders
Casey Fleming
Movement Mortgage
Movement Mortgage is a top-rated national lender with strong presence throughout North Carolina, headquartered just across the border in Fort Mill, SC. They specialize in quick closings and excellent customer service, with Casey Fleming being one of their highest-rated loan officers serving the Union Grove area. The company is known for competitive rates and a streamlined digital mortgage process, making them particularly popular with first-time homebuyers and military families seeking VA loans.
Loan Types:
Todd Stout
Truliant Federal Credit Union
Truliant Federal Credit Union is a highly-regarded regional financial institution serving the entire Piedmont Triad region and beyond, including Union Grove. With deep roots in North Carolina communities, they offer personalized service and competitive member-only rates. Their mortgage team is praised for local expertise and helping members navigate the entire home buying process, from pre-approval to closing. As a credit union, they often provide lower fees and more flexible underwriting than traditional banks.
Loan Types:
David McIlwaine
Guild Mortgage
Guild Mortgage has been serving North Carolina homebuyers for decades with a strong reputation for reliability and customer satisfaction. Based in Charlotte with service throughout the state, they offer a comprehensive range of mortgage products with particular expertise in government-backed loans. David McIlwaine and his team are known for their educational approach, helping Union Grove area clients understand all their options and find the right mortgage solution for their specific financial situation.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Union Grove, NC
What are the typical down payment requirements for homes in Union Grove, NC, given its rural setting?
For most conventional loans in Union Grove, a 20% down payment is standard to avoid private mortgage insurance (PMI). However, due to the area's more affordable home prices compared to urban centers, USDA loans are a popular option, offering 0% down payment for eligible borrowers in this designated rural area. FHA loans with 3.5% down are also common for first-time buyers.
Are there any local or state-specific first-time homebuyer programs that are particularly beneficial in Union Grove?
Yes, the NC Home Advantage Mortgage™ program is highly valuable for Union Grove buyers. It provides down payment assistance up to 5% of the loan amount (forgiven after 20 years) and competitive interest rates. This state-wide program is especially effective in Union Grove where median incomes can align well with the program's eligibility limits.
How does Union Grove's location in Iredell County impact property taxes and mortgage escrow?
Iredell County has a relatively low property tax rate compared to more urban North Carolina counties. For the 2023-2024 fiscal year, the rate is approximately $0.5325 per $100 of assessed value. This lower tax burden is a key factor in making overall monthly mortgage payments more affordable and should be factored into your debt-to-income ratio calculations.
What should I know about well and septic system inspections when getting a mortgage for a Union Grove property?
Many homes in rural Union Grove are not on municipal water and sewer. Lenders will typically require a satisfactory water quality test from a certified well and a passing inspection of the septic system as a condition for loan approval. These inspections are crucial for the appraisal and can affect the loan's underwriting, so budgeting for them early is important.
Are mortgage rates in Union Grove different from those in nearby cities like Statesville or Mooresville?
Mortgage rates are generally set by national markets and your personal credit profile, not your specific town. However, Union Grove's rural character can influence the type of property and loan (e.g., more USDA eligible properties), which may have different rate structures or fees compared to conventional loans common in suburban areas. Working with a lender experienced in rural properties is key.
Why Choose a Mortgage Lender in Union Grove?
Local Market Knowledge
Lenders who understand Union Grove'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 Union Grove and get competitive rates on your home loan.