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North Carolina FHA Home Refinancing
North Carolina Mortgage Rates Reach Record Lows!
Nationwide Mortgage Loans offers North Carolina consumers affordable home loan programs. Borrowers with all types of credit can choose from fixed rate home loans for with VA, FHA and hard money refinancing.
- FHA Secure for ARM Refinancing
- 95% Cash Out FHA Refinancing
- Refinancing for All Types of Credit
- FHA Fixed Rate Streamline
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Many North Carolina homeowners have rising adjustable rate loans that caused their mortgage payments to rise. Fixed rate loans will solve these affordability and budgets problems. North Carolina home refinancing application volumes continue to soar as the Federal Reserve has once again inspired a mini "refinance boom." Get the updated 2010 FHA loan limits online at North Carolina Mortgage Limits. |
North Carolina FHA Mortgage Loan Limits increase to $625,500 in high cost areas!
Name |
County Name |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
HICKORY-LENOIR-MORGANTON |
BURKE |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
WILMINGTON |
PENDER |
NC |
$303,750 |
$388,850 |
$470,000 |
$584,150 |
WILMINGTON |
BRUNSWICK |
NC |
$303,750 |
$388,850 |
$470,000 |
$584,150 |
ROCKINGHAM |
RICHMOND |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
DURHAM |
DURHAM |
NC |
$331,250 |
$424,050 |
$512,600 |
$637,000 |
LINCOLNTON |
LINCOLNC |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
ELIZABETH CITY |
CAMDEN |
NC |
$625,500 |
$934,200 |
$1,129,250 |
$1,403,400 |
ELIZABETH CITY |
PASQUOTANK |
NC |
$625,500 |
$934,200 |
$1,129,250 |
$1,403,400 |
ELIZABETH CITY |
PERQUIMANS |
NC |
$625,550 |
$934,200 |
$1,129,250 |
$1,403,400 |
NEW BERN |
JONES |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
WINSTON-SALEM |
DAVIE |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
WINSTON-SALEM |
FORSYTH |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
BOONE |
WATAUGA |
NC |
$285,000 |
$364,850 |
$441,000 |
$548,050 |
NORTH WILKESBORO |
WILKES |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
THOMASVILLE-LEXINGTON |
DAVIDSON |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
GOLDSBORO |
WAYNE |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
GREENSBORO-HIGH POINT |
ROCKINGHAM |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
SANFORD |
LEE |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
CHARLOTTE-GASTONIA-CONCORD , NC -SC |
UNION |
NC |
$303,750 |
$388,850 |
$470,000 |
$584,150 |
CHARLOTTE-GASTONIA-CONCORD , NC -SC |
GASTON |
NC |
$303,750 |
$388,850 |
$470,000 |
$584,150 |
CHARLOTTE-GASTONIA-CONCORD , NC -SC |
CABARRUS |
NC |
$303,750 |
$388,850 |
$470,000 |
$584,150 |
SALISBURY |
ROWAN |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
SHELBY |
CLEVELAND |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
BURLINGTON |
ALAMANCE |
NC |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
UPDATE OF MORTGAGE RATES IN NORTH CAROLINA; FHA LOANS AND HOME REFINANCING OPTIONS
By Jessica Mousseau Many North Carolina mortgage rates, like those in other states, are dependent on the types of loans to which they are attached. Adjustable rate mortgage payments, unlike fixed rate mortgage payments, undergo changes over the years of the loan. Homeowners who have financed a house with this type of loan frequently find themselves faced with larger payment amounts that are not easy to pay back. Those residents who are trying to find refinancing solutions for their adjustable rate mortgage payments do have some options. FHA, VA, FHA Secure, and government loans can provide the opportunity for North Carolina home refinancing solutions.
Unfortunately, the increases of sub-prime mortgage lenders going out of business have not helped, as well as there being no secondary market. This in and of itself has served to limit financing availability for some homeowners. This not only affects those consumers trying to re-finance existing mortgages, but also first-time home buyers.
Homeowners may experience difficulty because of the lack of viable lending options. Faced with the prospect of being unable to pay bills, some homeowners have taken out home equity loans. However, residents in North Carolina have seen decreasing property values, just as those in other parts of the country.
In particular, Charlotte and Raleigh have reported declines in this area. For this reason, homeowners make not be able to get the full amount needed. If the original purpose of the home equity loan was for debt consolidation or reduction, property value reductions may have also served to lower home equity amounts.
As mentioned earlier, however, there are financing options. FHA offers loans for both original financing and re-financing. Consumers might wish to take advantage of this government and the type of government loan offered to determine if their needs can be met.
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