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10 Best North Carolina Mortgage Lenders of 2021

If you're shopping for a mortgage in North Carolina, NerdWallet has done the research. Here are the best mortgage lenders for a variety of needs, including first-time home buyers.

NerdWalletJanuary 21, 2021
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As a North Carolinian, you probably have firm ideas about which barbecue style is best. But when you shop for a mortgage, the options may leave you stumped.

Will this be your first home? Do you want to talk face to face with a mortgage lender? Do you have imperfect credit? Are you trying to refinance, or get a VA loan? NerdWallet is here to help you find the best mortgage lender in North Carolina for your needs.

Summary of Best North Carolina Mortgage Lenders of 2021

Quicken Loans

at Quicken Loans

4.5

NerdWallet rating 

at Quicken Loans

Min. Credit Score

620

Min. Down Payment

3%

Good for: borrowers looking for just about all of the services your neighborhood lender does — with online convenience.

Pros

  • Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch.
  • Instantly verifies employment and income for many working Americans.
  • Offers custom fixed-rate loan terms that are between eight and 30 years.
  • Provides a wide variety of loan types, including renovation loans and all government-backed mortgage products.

Cons

  • Quicken Loans doesn't offer home equity loans or HELOCs.
  • Quicken's lender fees can be stout and they don't offset those fees with particularly low mortgage rates.
Read full review
New American Funding

at New American Funding

4.5

NerdWallet rating 

at New American Funding

Min. Credit Score

620

Min. Down Payment

3%

Good for: borrowers who need to be evaluated on the basis of nontraditional credit and those interested in various down payment assistance programs.

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.
Read full review
Guaranteed Rate

at Guaranteed Rate

5.0

NerdWallet rating 

at Guaranteed Rate

Min. Credit Score

620

National / Regional

National

Good for: homeowners who are looking to refinance conventional, FHA or VA mortgages.

Pros

  • Offers the ability to securely upload and digitally sign loan documents.
  • Displays detailed sample rates for many of its refinance loan products.

Cons

  • May charge an application fee.
Read full review
loanDepot

at loanDepot

3.5

NerdWallet rating 

at loanDepot

Min. Credit Score

620

Min. Down Payment

5%

Good for: borrowers looking to refinance or who want to start the application process online.

Pros

  • Offers digital income, asset and employment verification.
  • Offers multiple renovation loan options.
  • Has over 200 affiliated loan stores nationwide for customers who prefer face-to-face service.

Cons

  • Mortgage rates aren't available online; you'll need to contact a loan officer.
  • Does not offer home equity loans or lines of credit.
Read full review
Veterans United

at Veterans United

4.5

NerdWallet rating 

at Veterans United

Min. Credit Score

650

Min. Down Payment

0%

Good for: veterans, active-duty service members and eligible Reservists looking for VA or non-VA loans.

Pros

  • Offers 24/7 customer service over the phone.
  • Has online application and pre-qualification.
  • Offers a free credit counseling service.
  • Employs advisors from each branch of the armed forces.

Cons

  • Doesn’t offer home equity loans or HELOCs.
  • Veterans United has physical branch offices in only 18 states.
  • Information on FHA, USDA and conventional loans is harder to find on their website.
  • Charges higher rates and fees than some other lenders.
Read full review

Navy Federal: NMLS#399807

4.5

NerdWallet rating 
National / Regional

National

Min. Down Payment

0%

Good for: Military members and their families looking for low-down-payment mortgages.

Pros

  • Offers a wide range of affordable mortgage products designed for military members.
  • Has an online application for preapproval.
  • Offers low rates compared with most lenders.

Cons

  • Website does not provide customized mortgage rates based on credit score or other factors before you apply.
  • Credit union membership is limited to veterans and current military members, their families, and certain federal employees, retirees and contractors.
Read full review

BB&T (Truist): NMLS#399803

4.5

NerdWallet rating 
Min. Credit Score

620

Min. Down Payment

3%

BB&T excels in online convenience and offers a good variety of loan types, but has a limited physical presence outside the Southeast.

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.
Read full review

PNC: NMLS#446303

4.5

NerdWallet rating 
Min. Credit Score

620

Min. Down Payment

3%

Good for: borrowers with low-to-moderate incomes or limited down payments. PNC offers several low-down-payment loans, including one with no mortgage insurance.

Pros

  • Posts current mortgage rates on its website.
  • Has an online application for mortgage preapproval and a digital tool to track application progress.
  • Offers several affordable loan options including FHA, VA, USDA and the PNC Community Loan.

Cons

  • Can't complete a full mortgage application online.
  • Doesn't offer renovation mortgages.
  • In-person service is not available in every state.
Read full review

Carrington: NMLS#2600

3.0

NerdWallet rating 
Min. Credit Score

620

Min. Down Payment

3%

Good for: first-time home buyers or credit-challenged borrowers interested in government loan products.

Pros

  • Offers multiple low-down-payment loan programs.
  • May consider alternative credit data, like bank statements and rent payments.

Cons

  • To get sample rates, you'll have to speak with a loan officer.
  • Doesn't offer home equity loans or HELOC.
Read full review

Bank of America: NMLS#399802

5.0

NerdWallet rating 
Min. Credit Score

620

National / Regional

National

Good for: borrowers who like options. Bank of America offers multiple refinance loans, including FHA, VA and cash-out.

Pros

  • Offers refinance mortgages with fixed and adjustable rates.
  • Allows borrowers to apply entirely online.
  • May give existing customers a discount on mortgage lender origination fees.

Cons

  • Does not offer renovation loans.
Read full review

Last updated on January 21, 2021

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best North Carolina Mortgage Lenders of 2021