Home Financing

First home.
Forever home.
Vacation home.

We've got you covered.

Explore mortgage loans.

When it comes to lending, it's all local.

Local decision-making.

We're not waiting on feedback from Atlanta. Decisions are made down the hall.

Local lenders.

Our lenders work and live in the communities we serve.

Local processing.

Our streamlined approach puts you on a path to hear those three beautiful words, "Clear to close."

Let's look at the options.

Which of these statements best describes what you are looking for:

Fixed Rate Loan

I want a predictable monthly mortgage payment that will not change.

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Our most popular mortgage loan option, down payments start at 3% of the home’s purchase price.
Never worry about rising interest rates.
Flexible terms.
Lock and shop eligible.

Adjustable Rate Loan

I am comfortable with my interest rate changing over time if I have a lower rate in the early years of the loan.

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Lower interest rate during the first years of your loan.
Rate is set for a predetermined period, then will reset based on loan terms and conditions.

No Down Payment Mortgage

I am buying a home for $350,000 or less and would like to finance the full purchase price.

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Finance up to 100% of the home purchase price or appraised value (the lesser of the two).
The maximum loan amount is $350,000. Closing costs cannot be financed.
Available to all borrowers, not just first-time homebuyers.
Fixed-rate term.
Private Mortgage Insurance (PMI) is not required.
Completion of a homebuyer education course is required.
The residence must be located in Wake, New Hanover or Johnston county.
Borrower income must be 80% or less of the Area Median Income (AMI).

Jumbo Loan

My loan amount will be more than $766,550 and my down payment will be at least 10% of the purchase price.

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For larger loan amounts, with both fixed and adjustable terms available.
Available for primary residences, second homes and investment properties.
Down payments start at 10% of the home’s purchase price.
No PMI required when certain conditions are met. (Loans from $766,551 to $3,000,000, primary residences only.)

100% Physician Financing

I am a physician interested in up to 100% financing for my home purchase.

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Finance up to 100% of the home purchase price or appraised value.*
The maximum loan amount is $766,550.
Private Mortgage Insurance (PMI) is not required.
A variety of terms are available.

* Based on the lesser of the sale price or appraised value. Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. Consumers should consult their tax advisors for further information regarding the deductibility of interest and charges.

USDA Loan

My new home will be in a rural area.

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Insured by the U.S. Department of Agriculture.
Geared toward rural property buyers who meet specific income requirements.
Low- or no-down payment.
Lock and shop eligible.

FHA Loan

I am looking for flexible credit requirements with a low-down payment.

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Most flexible qualifying requirements.
Ideal for first-time homebuyers.
Insured by the Federal Housing Administration.
Down payment as low as 3.5% of purchase price.
Lock and shop eligible.

VA Loan

I am serving in the United States Armed Forces or am a veteran, reservist or member of the National Guard.

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Low- or no-down payment.
Guaranteed by the Department of Veteran Affairs.
Jumbo option available for larger loan amounts.
Lock and shop eligible.

NC Home Advantage Loan

I am purchasing a home in the state of North Carolina and my annual income is $134,000 or less.

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Down payment assistance programs available.
You must live in the home as your primary residence within 60 days of closing.
Credit score must be 640 or higher.
Available to first-time home buyers as well as those who have previously purchased a home.
Home purchase prices is $480,000 or less.

CHOICEReno eXPress Mortgage

I want to renovate a home I am purchasing or already own.

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One fixed-rate term, including the renovation cost plus the home purchase price (for home purchases) or the mortgage payoff (for refinances).
Finance up to 95% of the lesser of:
- The post-renovation appraised value of the home.
  or
- The purchase price plus renovation costs of the home.
Offers the convenience of one simple, single-close mortgage.
The total cost of financed renovations may be up to 10% of the lesser of the:
- Purchase price of the property plus estimated cost of renovations.
  or
- Value of the home once renovations are complete, as determined by the appraiser.
The maximum loan amount, including renovations, is $766,550.
Renovations must be completed within 180 days of closing.
Can be used for primary residences, second homes and investment properties.

This product may or may not be available at the time of application.

An Even Closer Look:
Side-by-Side Comparison

How does a VA Loan differ from an FHA Loan? How much do I need to put down for a Jumbo Loan? Dig into the details.

Common features of our most popular mortgage loans include:

	Down Payment of at least 3%	Special Qualifiers
Fixed Rate
Adjustable Rate	Requires 5% minimum down payment
No Down Payment Mortgage^1,2		Maximum loan amount $350,000^1,2
Jumbo	Requires 10% minimum down payment
FHA
100% Physician Financing¹		Maximum loan amount is $766,550
VA		Current military member or veteran
USDA		Residence must be a rural area
NC Home Advantage		Annual income of $134,000 or less
CHOICEReno eXPress Mortgage		Renovations must be completed within 180 days of closing.

¹Based on the lesser of the sale price or appraised value. Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. Consumers should consult their tax advisors for further information regarding the deductibility of interest and charges.

₂No Down Payment Mortgage Special qualifiers: Maximum loan amount is $350,000. Closing costs cannot be financed. Borrower income must be 80% or less of the Area Median Income (AMI). The residence must be located in Wake, New Hanover or Johnston county. Completion of a homebuyer education course is required.

Mortgage loans are subject to credit approval. Product information is subject to change without notice.

Mortgage Comparison Chart

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Lock and Shop

Enjoy peace of mind while you look for a home with a 90-Day Lock & Shop interest rate guarantee.

How it works:

Lock-in today’s low interest rates for 90 days.
Shop for your new home.
Finance your new home with the locked-in interest rate as long as you close within the 90-day lock period. If interest rates are lower than the locked rate at the time of the contract execution, a rate improvement may be available.

Lock & Shop is available for home purchases only; for one- to four-unit properties. Excludes manufactured homes. Available for purchases of primary, secondary and investment properties with Conventional, VA, FHA or USDA loans. Available for a limited time only for fixed-rate mortgages.

Ready for your next mortgage?

The secret to simplifying the mortgage process is choosing the right lender and knowing what to expect. At North State Bank, we underwrite, process, close and fund loans under one roof, with people who know each other and work together every day.

What to Expect During the Mortgage Process

Mortgage loans are subject to credit approval. Product information is subject to change without notice.

Home Financing

When it comes to lending, it's all local.

Local decision-making.

Local lenders.

Local processing.

Let's look at the options.

Fixed Rate Loan

Adjustable Rate Loan

No Down Payment Mortgage

Jumbo Loan

100% Physician Financing

USDA Loan

FHA Loan

VA Loan

NC Home Advantage Loan

CHOICEReno eXPress Mortgage

An Even Closer Look:Side-by-Side Comparison

Common features of our most popular mortgage loans include:

Lock and Shop

Ready for your next mortgage?

Take the Next Step

An Even Closer Look:
Side-by-Side Comparison