Are lenders still loaning mortgage money in Charlotte NC? Yes!!! I’ve noticed some online postings indicating that lenders either aren’t lending or will only lend to borrowers with perfect credit and 20% down payment. Not true!!!
While having 20% down and also having an excellent (as in over a 750) score will most likely make obtaining a mortgage easier, it’s not true that the only Charlotte NC mortgage loans being approved are to those borrowers.
When buying real estate in Charlotte NC and financing part of the purchase, learning about mortgage options, programs and payments that YOU qualify for is a huge part of starting out with a solid foundation to successfully buy a home in Charlotte NC.
Learning about available mortgage options specific to your needs and circumstances starts by connecting and consulting with a local Charlotte NC mortgage professional. A local mortgage professional is the only one who can truly help you evaluate and learn about available mortgage options for buying real estate in Charlotte NC.
I’m stressing local because it’s also important that your mortgage professional knows and understands our local real estate contracts – there’s deadlines and time constraints that apply to obtaining a mortgage when buying real estate in Charlotte NC, it’s critical that your mortgage professional knows and understands the purchase contract!
Bottom line – mortgage lenders are still loaning money for Charlotte NC real estate purchases and the amount of down payment/credit requirements aren’t the same for each type of mortgage program, any mortgage pre-approval will take your specific circumstances into account.
Mortgage pre-approval isn’t something that can wait until you find the perfect house, it needs to be done upfront so that you know what you qualify for and what you can realistically expect to be able to borrow for a Charlotte NC home purchase.
A couple of local Charlotte NC mortgage lenders (who have websites you can browse around and check out):
The Carder/Palmer Team with Myers Park Mortgage– Olan Carder and Gary Palmer
Kelly Waugh with Fairway Mortgage – Kelly Waugh
Lenders are still loaning money for mortgages in Charlotte NC. Whether you currently qualify for aavailable mortgage programs can only be determined by a mortgage professional.
Related Articles: Mortgage Pre-approval and Buying Real Estate In Charlotte NC
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