Finding the Right Mortgage Lender for your Triangle Home

When I was a caterer, we did many type of events. Off site events, for instance,  required different menus and equipment. We brought the grills, ovens and even the port-a-lets. There were some jobs that called for just a pig cooker and disposable flatware. Other jobs required  more refined elements like caviar bars, multiple cooking stations, or signature linens.  Knowing which tools to use was a large part of the job. The same can be said of lenders.

First Time Buyers, Veterans, Physicians, Seniors, Teachers and folks with discharged bankruptcies all need specialized products.  If you don’t know which product is best for you contact me at 919.619.2236 or mari@hiddencoast.com

When Realtors meet, we frequently discuss bad loan officers and lenders. Some large institutions have reputations for slow processing or slipshod customer service that cannot be overcome by even the most professional of loan officers. Some loan officers work for their own short term benefits to the detriment of the client and have to be watched like a hawk. Helping our customers to avoid lenders who over-promise and under-perform is an important part of our job. It is a lot easier if we can just lead the client to quality person who is well suited to the job in the first place.

Just as one would not serve vintage champagne at a pig roast, one should never use a B/C lender for a client with a 900 middle score who wants an 80/15/5 product and to pay no PMI. Does that sound like jargon? It is. But I know what it means and I know which lender to refer which person to.
 

Are you looking for a conventional home purchase loan?

If you have good credit and your goal is to have a smooth transaction at a competitive price, try:

 

Corporate Investors Mortgage Group
Andy Law, Senior Mortgage Banker
1526 East Franklin St, Ste.201
Chapel Hill NC 27514
alaw@cimginc.com
919.929.6116
919.929.6146 fax

Are you considering an FHA or VA loan?

Not everyone is qualified or even knows how to write these.

Suntrust Mortgage
Jennifer Foster
1414 Raleigh Rd, Suite 110
Chapel Hill, NC 27517
919.932.2866
919.932.4202 FAX
jennifer.foster@suntrust.com
www.SunTrustMortgage.com/foster

Are you a teacher?

Suntrust Mortgage
Jennifer Foster
1414 Raleigh Rd, Suite 110
Chapel Hill, NC 27517
919.932.2866
919.932.4202 FAX
jennifer.foster@suntrust.com
www.SunTrustMortgage.com/foster

Are you a medical doctor?

Two of our lenders have great products for doctors

 

Suntrust Mortgage
Jennifer Foster
1414 Raleigh Rd, Suite 110
Chapel Hill, NC 27517
919.932.2866
919.932.4202 FAX
jennifer.foster@suntrust.com
www.SunTrustMortgage.com/foster

 

Bank of America has a program for new physicians.

 

Bank of America
Thomas Sutton, III
VP Mortgage Account Executive
919.493.3195
919.489.0130 FAX
thomas.sutton@bankofamerica.com

 

 

 

Are you a policeman or fireman?
 

Tom Sutton has the Neighborhood Champion program.
Bank of America
Thomas Sutton, III
VP Mortgage Account Executive
919.493.3195
919.489.0130 FAX
thomas.sutton@bankofamerica.com

 

 

Are you a UNC Employee?

Bank of America has special programs for you.
Bank of America
Thomas Sutton, III
VP Mortgage Account Executive
919.493.3195
919.489.0130 FAX
thomas.sutton@bankofamerica.com

 

Are you over 62?

Seniors can use a reverse mortgage to purchase a new home or as a source of income with their current home. Some people find it especially useful to help them keep up with maintenance and protect their investment for the long term.

I am now working with a couple who bought their “last” home outright with cash. Now it turns out that this home no longer fits their needs and they miss some of the luxuries that they gave up when downsizing. They are financing 49% of their home purchase and will never make a payment for the rest of their lives. They were a little nervous at first but they have consulted with a gerontologist counselor from a non-affiliated not for profit. They understand it and are really looking forward to their new home in Fearrington Village.

 

RBC
Rueben Harris
Senior Vice President
PO BOX 1220
Rocky Mount, NC 27802
919.997.4400

 

Approved North Carolina Reverse Loan Counselors
 

Have you thought about buying a property that could use some tlc, a little updating or even a major rehab?

Orange and Chatham county have great some older homes requiring major remodeling that can be bought reasonably but it is extremely important that you get a loan designed for doing a rehab. Jennifer Foster has done many 203k’s and conventional rehabs in North Carolina.

Suntrust Mortgage
Jennifer Foster
1414 Raleigh Rd, Suite 110
Chapel Hill, NC 27517
919.932.2866
919.932.4202 FAX
jennifer.foster@suntrust.com
www.SunTrustMortgage.com/foster

 

 

Are you self-employed?

 

Corporate Investors Mortgage Group
Andy Law, Senior Mortgage Banker
1526 East Franklin St, Ste.201
Chapel Hill NC 27514
alaw@cimginc.com
919.929.6116
919.929.6146 fax

 

Do you have 'less than perfect' credit?

Bank of America
Thomas Sutton, III
VP Mortgage Account Executive
919.493.3195
919.489.0130 FAX
thomas.sutton@bankofamerica.com
 

Are you looking for an honest credit counselor?

These resources have been approved by HUD:
http://www.hud.gov/offices/hsg/sfh/hcc/states/northcarolina.txt

 

 

Looking for a lot loan?

 

Suntrust Mortgage
Jennifer Foster
1414 Raleigh Rd, Suite 110
Chapel Hill, NC 27517
919.932.2866
919.932.4202 FAX
jennifer.foster@suntrust.com
www.SunTrustMortgage.com/foster

 

Need loan for acreage, a farm or commercial property?

Harrington Bank
5925 Farrington Road
Chapel Hill, NC 27517
Commercial Loans and Services:
Phone: (919) 945-7800
Fax: (919) 945-7802
loans@bankatharrington.com
www.bankatharrington.com

Do you need a little more help?

Give us a call at 919.619.2236 or send us an email - mari@hiddencoast.com
For other related professionals of interest, click here.