North Carolina Mortgage Rates

If this is your first time buying a home with a mortgage, one of the most important things you should know first is the interest rate.

The interest rate is the fee charged by the lender on the mortgage. It is paid by the borrower on top of the principal balance throughout the entirety of the amortization period.

Among many things, the interest rate is a detail you should pay careful attention to when choosing and comparing lenders.

Of course, depending on the mortgage program that you choose, rates can vary greatly. Rates for fixed-rate mortgages are higher than adjustable-rate mortgages which usually kick off with low percentages.

Most government-backed home loans, for example, such as the USDA and VA loans also have very low initial rates. That is why if your main goal is to find the least rate viable for your qualifications as a borrower, it is wise to check with government-backed loans first.

Buying a home in North Carolina

Mortgage rates in North Carolina are generally lower than national averages despite being one of the most populous states of the country.

The state also offers homebuying assistance services such as USDA Rural Development – Single family loans which offers payment assistance to increase an applicant’s repayment ability. The North Carolina Housing Finance Agency also offers a down payment assistance program to the state’s first-time homebuyers, move-up homebuyers and military veterans.

If you want to start shopping now, we can get you started right away. Just click here and we can direct you to a rate comparison page where you can evaluate the best lenders available in the Old North.

Feel free to navigate through MortgageSum to find the tools and resources you need to advance through your mortgage journey.

Click Here to Get Matched With a Lender»

Get started today!

It only takes a few minutes to get started and best of all, it’s completely free. Get started finding the best mortgage options for you now.

Start Here

When inquiring about a loan on this site, this is not a loan application. This is not an offer to lend and we are not affiliated with your current mortgage servicer. Upon the completion of your inquiry, we will work hard to match you with a lender or lenders who may assist you with an official loan application and provide loan product eligibility requirements for your individual situation.

When applying for a loan, lenders will commonly require you to provide a valid social security number and submit to a credit check. Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved. Minimum credit ratings may vary according to lender and loan product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee. Any loan product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the loan product.

This site is in no way affiliated with any news source or government organization and is not a government agency. Not affiliated with HUD, FHA, VA, FNMA or GNMA. This site may contain affiliate and partner links. This website and the company that owns it is not responsible for any typographical or photographic errors. If you do not agree to our terms and policies, then please leave this site immediately. If you submit your mobile number on this website you agree to receive marketing based text messages. Consent is not required for purchase. You will receive up to 4 messages per month. Standard text and data rates may apply. Reply STOP to stop & HELP for help.

Contents of this website are copyrighted property of the owner of this website. All trademarks, logos, and service marks (collectively the "Trademarks") displayed are registered and/or unregistered Trademarks of their respective owners.

In the event that you discovered this website through an advertisement, such advertisement may consist of stock photos, images, video or other publicly available resources. Any spokesperson used is an employee of the advertiser that owns and operates this website and is not a paid spokesperson or influencer.

© 2023 Mortgage.Info is not a government agency or a lender. Not affiliated with HUD, FHA, VA, FNMA or GNMA. We work hard to match you with local lenders for the mortgage you inquire about. This is not an offer to lend and we are not affiliated with your current mortgage servicer.