Whether you are financing a mountain cottage, a coastal beach house, acreage in the country, or a condo in the Triangle, the companies listed on ForTheBestRate.com can likely help you find the right North Carolina home loan program at a competitive interest rate. We’re actually headquartered right here in Wilmington, North Carolina and we are pleased to offer our fellow Tar Heels a platform to compare pricing from some of the top mortgage lenders, brokers, and banks serving our home state.
Get started by reviewing the pricing in the rate table below and then contact the various companies to make sure that the advertised rates are applicable to your specific scenario. Below the rate table you’ll find additional information on various home loan programs and where else you can find valuable home financing resources.
How the rate tables on ForTheBestRate.com work
Everday we receive interest rate information from a third party provider. The mortgage rates, closing costs, and APR information provided in the table is submitted directly by the various mortgage lenders, brokers and banks. We are not responsible for the accuracy of the rates supplied by the financial institutions. Rates may vary for multiple reasons such as the type of properties being financed (i.e. stick built homes, condominiums, manufactured homes, etc), how the owners plan to occupy the property (i.e. owner occupied, second home, or investment property), or multiple of other reasons. You can use the product dropdown tool to navigate between various fixed rate (30,20,15, and 10 year) and adjustable rate solutions (3/1, 5/1, and 7/1 ARMs). You can also view jumbo mortgage rates by entering in a non-conforming loan amount in the relevant field in the survey. We encourage you to speak with multiple mortgage companies directly to verify whether or not you may qualify for the listed pricing.
Additional place to research North Carolina mortgage companies and home buyer assistance programs available in the state
North Carolina Bankers Association – website
PO Box 1999 Raleigh, North Carolina 27619-9916 PH: 919-781-7979
North Carolina Credit Union League – website
323 West Jones Street Suite 200 Raleigh, NC 17603 PH: 919-457-9053
North Carolina Association of Mortgage Professionals – website
3901 Barrett Dr Suite 202 Raleigh, NC 27609 PH: 919-783-0767
North Carolina Commissioner of Banks – website
316 W. Edenton Street Raleigh, NC 27603 PH: 888-384-3811
North Carolina Housing Finance Agency – website
3508 Bush Street Raleigh, NC 27609 PH: 919-877-5700
Local Home Buyer Programs from HUD’s site – visit
Types of Fixed Rate Mortgages Posted in the Rate Tables and Why to Consider Each One
- 30 Year Mortgages – Most popular option in today’s marketplace. Loan is amortized over the course of 30 years (360 months) which keeps monthly principal and interest payments lower than shorter term fixed rate solutions. Interest paid over the life of the loan will be considerably higher than 10, 15, and 20 year financing products.
- 20 Year Mortgages – Repayment is made over 20 years (240 months). Can be a good option for people who are worried about committing to the higher payments associated with 15 year mortgages but do not want to take on the longer repayment period and higher interest of a 30 year home loan.
- 15 Year Mortgages – Second most popular fixed rate product after 30 year financing. Repaid over 15 years (180 months). Note rates are usually lower than what a home buyer or homeowner would get with a 30 or 20 year mortgage. On the flipside, monthly payments are higher as the repayment period is cut in half. Interest savings can be significant when measured against longer term fixed rate products.
- 10 Year Mortgages – Shortest fixed rate mortgage program advertised in the rate tables. For those who can afford higher monthly payments, 10 year fixed rate financing can lead to considerable interest savings versus 30, 20, and 15 year home loans.