Loans & Programs

BNC Affordable Mortgage

Make the dream of home ownership a reality with a fixed rate loan with low to no down payment. Click Here for more information.

Reverse Mortgage

Eliminate mortgage payments with a Reverse Mortgage.

Conventional

A mortgage loan not insured by a government program. These traditional loan programs usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

USDA

Little or no money down required. Household income must meet certain guidelines and the home to be purchased must be located in an eligible rural area as defined by USDA. Must be a single family, owner occupied property and borrower must have a credit score of over 620.

FHA Mortgages

Loans extended by the Department of Housing and Urban Development that offer the borrower the ability to put as little as 3.5% down payment – and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

Investor Loans

1-4 family properties purchased for investment purposes with as little as a 20% down payment. Aggressively priced, these programs have many variations. Program may not be available in some states.

VA Mortgages

A VA, or Veterans Affairs loan, is also a government insured loan that is offered to veterans and service members. It is favorable due to the minimal or no down payment option that may be available.

Jumbo Loans

Mortgage loans not funded by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. Fixed rate mortgages available and competitive ARM products with full documentation.

Home Equity Line of Credit (HELOC)

Subordinate to the first mortgage, home equity lines of credit offer the borrower the ability to obtain money for home improvement, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.

Refinance

Cash out and No cash out refinance allowable. Single family detached, Condo’s, PUD’s and single-family second homes can be financed with no prepayment penalty.

Construction Permanent Loans

Single close construction financing up to 80% LTV. Lock in up front on an adjustable rate loan with the option to modify to a fixed rate at end of construction. One time application and closing saves you time and money.

Down Payment Assistant Programs

NC Housing – Offers competitive rates with down payment assistance up to 3% of the loan amount at 0% interest. Maximum annual income, debt to income and credit score required.

SC Housing – Up to $5000 down payment assistance for first time homebuyers with competitive rates. Maximum annual income, debt to income and credit score required.