10 Best NCHFA Mortgage Lenders of 2021

Why we like it

Pros

• Offers a robust suite of loan products, including a variety of renovation loans.

• Has a digital application that can be completed in 10 minutes.

• Works with some state housing finance agencies to offer mortgages with down payment and closing cost assistance.

Cons

• Mortgage rates aren't posted online.

Why we like it

Pros

• Offers multiple online conveniences, including a full mortgage application, e-signatures and digital loan process tracking.

• Offers a wide variety of loan products, including home improvement and manufactured home loans.

Cons

• Does not offer home equity loan products.

• Average interest rates and fees are higher than other lenders.

Why we like it

Pros

• Offers a wide variety of loan options, including special programs for doctors, entrepreneurs and other professionals.

• Offers a complete suite of online mortgage application tools and loan tracking.

• Sample rates and fees are easy to find on the website.

Cons

• Customized rates aren't available online without starting an application.

• Branches are limited mostly to the Southeast.

Why we like it

Pros

• Uses manual underwriting to evaluate creditworthiness.

• Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

• Mortgage rates offered to borrowers are higher than the government-reported median of all lenders.

Why we like it

Pros

• Full online application includes document uploads and automated loan updates.

• Offers a "float-down" interest rate lock.

• Offers a proprietary closing-cost assistance program.

Cons

• No online mortgage rates — you have to contact the lender for info.

• Doesn't offer home equity products.

Why we like it

Pros

• Offers extensive educational resources for military borrowers.

• Provides digital tools for a streamlined application process.

• Participates in some state down payment assistance and first-time home buyer programs.

Cons

• No mortgage rates displayed online.

• Doesn’t offer home equity loans or lines of credit.

Why we like it

Pros

• No private mortgage insurance required, even with a down payment less than 20%.

• First-time home buyers may borrow up to $400,000 with no down payment required.

• No fees for applications or credit reports.

• Offers mortgage credit certificate and down payment assistance programs.

Cons

• Does not offer 30-year fixed-rate mortgages.

• Does not have government-backed loan options.

• Membership eligibility is limited, and loans are only available for properties located in Georgia, North Carolina, South Carolina, Tennessee and Virginia.

• Does not offer a full online loan application.

Why we like it

Pros

• Offers a variety of low-down-payment mortgages as well as construction mortgages.

• Website lets users estimate rates online by loan and property type, amount and location.

• Has an online mortgage application.

Cons

• Branches limited to mostly the Southeast region.

• Does not offer FHA loans.

Why we like it

Pros

• Offers a full array of mortgage products, including government and renovation loans.

• Has loans for most purposes, including purchase, refinance and jumbo mortgages.

• Online portal keeps borrowers up-to-date on the loan application's progress.

Cons

• Doesn't post interest rates on its site.

• Doesn’t offer home equity loans or lines of credit.

Why we like it

Pros

• Offers loan plans for borrowers without credit scores.

• Annual mortgage reviews help borrowers stay on track toward the goal of living debt-free.

• Offers digital conveniences such as document uploads and e-signature.

Cons

• Doesn't provide information online about rates and fees.

• Doesn't offer home equity loans or HELOCs.

• You can’t apply online without first speaking to a loan specialist.