North Carolina Mortgage Rates

August 28, 2016 08:05 AM Eastern

Refinance rates now in CHARLOTTE, NC [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed

Interest Rate
3.250%
APR
3.377%
Monthly Payment
$871
Sebonic Financial
30 Year Fixed
Interest Rate
3.250%
APR
3.377%
Monthly Payment
$871
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $871
Lender Fees $3,179
Lender Credit $0
Total Closing Fees* $3,179
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews
SmartPath Mortgage
30 Year Fixed (FHA)
Interest Rate
3.000%
APR
3.680%
Monthly Payment
$991
(855) 581-2628 Contact
SmartPath Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $203,500
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $858
Estimated Mortgage Insurance Payments $133
Total Monthly Mortgage Payment $991
Lender Fees $4,499
Lender Credit $2,301
Total Closing Fees* $2,198
*Other 3rd party fees may apply
SmartPath Mortgage
Email Lender

About the Lender

Smartpath Mortgage is a dba of Atlantic Bay Mortgage Group.  Atlantic Bay is a Ginnie Mae and Fannie Mae/Freddie Mac Direct Seller/Servicer. Atlantic Bay also has FHA Direct Endorsement authority and is a VA lender for residential mortgages. We have every authority that big banks and other lenders have, without the limits they have. In addition, FHA as an automatic insuring authority, meaning that we do not need to go to FHA for approvals, delegate us. To date we have helped over 70,000 borrowers, some more than once. We are also a partner in the community, giving over $2 million to charities and participating in events that promote the passions of our customers, employees, and neighbors.
SmartPath Mortgage
Email Lender Write a Review

Lender Reviews

Never too old to learn!

Yes, I recommend this lender

Daniel Webb was a breath of fresh air compared to other loan officers we had done business with. He was very positive about everything working out and took the time to explain things - keeping us informed through the whole process. Frankly, we learned quite a lot from him which will help us from making certain mistakes and poor choices in the future.

By: JoAnne (Wilmington, NC)

Great Experience!

Yes, I recommend this lender

This was by far the easiest mortgage I have ever done. I've refinanced about 3 times in the last 7 or so years and this was the best experience by far. Easy to deal with and they closed in my home. I would recommend them every time!

By: Michelle (Charleston, SC)

Bought a house

Yes, I recommend this lender

I have been working with Atlantic Bay for a bit now. They had my loan underwriten before I found a house to make sure there wasn't any problems once we found one. Their responsiveness has been wonderful and the rate was one of the lowest I found. I would recommend them to anyone.

By: Kim (Charlotte, NC)
See All Reviews

15 Year Fixed

Interest Rate
2.500%
APR
2.695%
Monthly Payment
$1,334
Sebonic Financial
15 Year Fixed
Interest Rate
2.500%
APR
2.695%
Monthly Payment
$1,334
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $2,729
Lender Credit $0
Total Closing Fees* $2,729
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews
SmartPath Mortgage
15 Year Fixed
Interest Rate
2.500%
APR
2.722%
Monthly Payment
$1,334
(855) 581-2628 Contact
SmartPath Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $3,101
Lender Credit $0
Total Closing Fees* $3,101
*Other 3rd party fees may apply
SmartPath Mortgage
Email Lender

About the Lender

Smartpath Mortgage is a dba of Atlantic Bay Mortgage Group.  Atlantic Bay is a Ginnie Mae and Fannie Mae/Freddie Mac Direct Seller/Servicer. Atlantic Bay also has FHA Direct Endorsement authority and is a VA lender for residential mortgages. We have every authority that big banks and other lenders have, without the limits they have. In addition, FHA as an automatic insuring authority, meaning that we do not need to go to FHA for approvals, delegate us. To date we have helped over 70,000 borrowers, some more than once. We are also a partner in the community, giving over $2 million to charities and participating in events that promote the passions of our customers, employees, and neighbors.
SmartPath Mortgage
Email Lender Write a Review

Lender Reviews

Never too old to learn!

Yes, I recommend this lender

Daniel Webb was a breath of fresh air compared to other loan officers we had done business with. He was very positive about everything working out and took the time to explain things - keeping us informed through the whole process. Frankly, we learned quite a lot from him which will help us from making certain mistakes and poor choices in the future.

By: JoAnne (Wilmington, NC)

Great Experience!

Yes, I recommend this lender

This was by far the easiest mortgage I have ever done. I've refinanced about 3 times in the last 7 or so years and this was the best experience by far. Easy to deal with and they closed in my home. I would recommend them every time!

By: Michelle (Charleston, SC)

Bought a house

Yes, I recommend this lender

I have been working with Atlantic Bay for a bit now. They had my loan underwriten before I found a house to make sure there wasn't any problems once we found one. Their responsiveness has been wonderful and the rate was one of the lowest I found. I would recommend them to anyone.

By: Kim (Charlotte, NC)
See All Reviews

5/1 ARM

Interest Rate
2.500%
APR
3.478%
Monthly Payment
$791
Sebonic Financial
5/1 ARM
Interest Rate
2.500%
APR
3.478%
Monthly Payment
$791
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $791
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $791
Lender Fees $3,797
Lender Credit $0
Total Closing Fees* $3,797
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

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The Importance of North Carolina Mortgage Rates When Purchasing a Home

The nine million residents of North Carolina, the Tar Heel State, enjoy some of the best scenery and weather in the country. Being able to get great NC mortgage rates is part of the allure of owning a home in this state.

From the bustling capital of Raleigh to the secluded beaches and tourist destinations of places like the Outer Banks and Kill Devil Hills, North Carolina has relatively mild winters and long, hot summers.

Finding NC mortgage rates that you're comfortable with is an important part of financing a home in the state. North Carolina offers several programs to help people buy homes in the state, secure low NC mortgage interest rates, and finance their purchases. Taking advantage of these programs is a great way to obtain that new home you've been dreaming of. 

Special Programs for Securing Current NC Mortgage Rates

North Carolina's Making Home Affordable Program is one way the state is helping its residents afford home ownership by helping them to secure low interest rates.

Refinancing through the program can stop foreclosures and help people get caught up financially, all while giving qualified applicants a mortgage payment that they can handle. If you're buying your first home, the state of North Carolina has programs to help you, as well. The same is true if you are in a qualifying low-income bracket.

North Carolina Mortgage Rates for First-Time Buyers

North Carolina's state government offers a variety of attractive incentives to first-time homebuyers. These incentives include limited down payment assistance and competitive interest rates for qualified first-time buyers. Another incentive is a mortgage credit certificate, which can help lower homeowners' income tax liability and help them save money to pay their mortgages.

 

To secure these low NC mortgage rates, first-time homebuyers must:

  • be able to prove US residency
  • earn within a given income bracket
  • occupy the purchased home for at least 60 days

If these criteria are met, homebuyers can enjoy low NC mortgage interest rates and help with closing costs.

Researching North Carolina Mortgage Rates and Forming a Budget

The North Carolina Housing Finance Agency offers a variety of tools for homebuyers to help form a realistic budget and calculate NC mortgage interest rates. The agency's website offers tools to help determine "how much house" homebuyers can afford along with an NC mortgage rate calculator to help homeowners determine how much they'll be paying over time. Check out today's current mortgage rates.