Are you looking into home loans in Fayetteville NC?
If you’re interested in home loans in Fayetteville NC, congrats! You’re one step closer to owning your dream home! There are many different options when it comes to home loans in Fayetteville NC. At First Alliance Mortgage Company, we will help you decide which loan option work best for you. First Alliance Mortgage Company offers a full-range of conventional and government loan programs.
The types of mortgage loans available include:
Fixed-rate Mortgage – This type of home loans in Fayetteville NC carries the same interest rate for the entire term of the loan. Fixed-rate mortgages can be 10, 15, 20 or 30 years. A 30 year fixed-rate mortgage is popular because it allows you to make the lowest payment.
Adjustable Rate Mortgage – Unlike a fixed-rate mortgage, the interest rate on an adjustable-rate mortgage fluctuates. It can move up or down monthly, semi-annually, annually or remain fixed for a period of time before it adjusts.
FHA – This type of home loan in Fayetteville NC is made by FHA-approved lenders and is insured through the Federal Housing Administration. If the borrower defaults on the loan, the lender gets paid by the FHA.
VA Loans – A VA home loan in Fayetteville NC is available to military members and their family. It can be used to finance 100 percent of a home purchase, which eliminates the need for a down payment. This program is guaranteed by the Department of Veteran Affairs.
These are just a few of the options available for home loans in Fayetteville NC. Contact us at First Alliance Mortgage Company to find out which loan options are best for you. Now is a great time to purchase a home because rates are at an all-time low. First Alliance Mortgage Company serves Fayetteville,Sanford, Southern Pines and Pinehurst, North Carolina. Beyond the full range of Conventional, FHA, and VA loans, we are a VA Automatic Lender, which means that we process and underwrite VA loans in-house. This ability gives us almost complete control of the application and approval process, which allows us to act quickly and give maximum consideration to our clients’ individual circumstances.