The Best Mortgage Lenders in Washington, NC
Compare verified mortgage lenders serving Washington, North Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Washington
Featured Mortgage Lenders
Coastal Credit Union Mortgage Services
Coastal Credit Union
Coastal Credit Union stands as Washington's premier local mortgage lender with deep community roots and exceptional member service. As a member-owned financial institution, they offer highly competitive rates and personalized mortgage solutions tailored to Eastern North Carolina residents. Their mortgage specialists provide comprehensive guidance through the entire home buying process, with particular expertise in VA loans beneficial for military families and specialized programs for first-time homebuyers. The local Washington branch ensures face-to-face service and quick decision-making.
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Jason Price
Movement Mortgage
Movement Mortgage has established a strong presence in Eastern North Carolina with local loan officer Jason Price providing exceptional service to Washington area homebuyers. This nationally recognized lender combines the efficiency of digital mortgage processing with local expertise, offering competitive rates and streamlined closing processes. They specialize in quick turnaround times while maintaining personalized service, with particular strength in conventional loans and government-backed programs. Their local knowledge of Washington's housing market and commitment to community involvement make them a top choice.
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Chris Smith
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation, represented by experienced loan officer Chris Smith, brings national lending power with local expertise to Washington homebuyers. With nearly three decades in business, Fairway has built a reputation for exceptional customer service and competitive loan products. They excel in navigating complex loan scenarios and offer a wide range of mortgage options, including specialized construction loans valuable for Washington's growing areas. Their strong processing team and commitment to on-time closings have earned them consistently high customer satisfaction ratings throughout Eastern North Carolina.
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Frequently Asked Questions
Common questions about mortgage lending in Washington, NC
Are there any special mortgage considerations for buying a home in Washington, NC, due to its location on the Pamlico River?
Yes, waterfront or flood zone properties are common in Washington. Lenders will typically require a separate flood insurance policy, which is mandatory for homes in FEMA-designated Special Flood Hazard Areas (SFHAs). This is an important additional cost to factor into your monthly budget when considering homes near the river or its tributaries.
What are the typical down payment assistance programs available for first-time homebuyers in Washington, NC?
First-time homebuyers in Washington can explore the NC Home Advantage Mortgage™ program, which offers down payment assistance up to 5% of the loan amount. Additionally, the USDA Rural Development loan is a popular zero-down-payment option, as much of Beaufort County, including areas around Washington, qualifies for this program due to its rural designation.
How does the slower-paced real estate market in Washington, NC, affect the mortgage process compared to larger cities?
The less frenetic market can be an advantage, allowing more time for due diligence and a less pressured closing timeline. However, appraisals might take slightly longer as appraisers may need to travel from larger hubs like Greenville or New Bern. It's wise to work with a local lender familiar with scheduling in the area to ensure smooth timing.
What is a key local factor that influences property taxes and, consequently, monthly mortgage payments in Washington?
Washington is located in Beaufort County, so your property taxes are set by the county. Beaufort County's property tax rate is a significant component of your escrow payment. It's crucial to get an accurate estimate of the annual tax bill for your specific property, as rates can vary, and this directly impacts your total monthly mortgage payment.
Are there any local credit unions or banks in Washington, NC, that offer competitive mortgage products with community-specific knowledge?
Yes, local institutions like Sound Bank and ECU Credit Union have a strong presence in Washington and eastern NC. They often have competitive rates and loan officers with deep knowledge of the local market, including understanding home values in specific neighborhoods like the historic district versus newer developments, which can be beneficial during the appraisal process.
Why Choose a Mortgage Lender in Washington?
Local Market Knowledge
Lenders who understand Washington'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 Washington and get competitive rates on your home loan.