Home Loans In Charlotte, North Carolina

Welcome to Capital Home Mortgage North Carolina. With over 850,000, Charlotte is North Carolina’s most populous city. It is also one of the fastest-growing metro areas in the United States. Thanks to the city’s economic solid identity, Charlotte’s housing market remains hot despite the many fluctuations from the pandemic. 

If you’re looking to buy a home in Charlotte, NC, now’s the time to start looking at your home loan options. Buying a home is likely the most expensive purchase of a lifetime, and unless you’ve got tons of cash ready to spend, you’ll need a mortgage to finance the deal. 

To shed more light on this matter, let’s walk you through the home loan process, so you have an idea of what to expect. 

Understanding The Home Loan Process In Charlotte

If this is your first time applying for a home loan, the process can seem intimidating. On average, most loans take anywhere from 4 to 10 weeks to close. However, the actual time will depend on several factors, including the type of loan and the lender’s internal processes. 

With that said, here’s what you can expect from a typical home loan process:

• Loan Application

You’ll need to gather all the necessary supporting documents before picking up your loan application form. These documents include pay stubs, bank statements, credit reports, tax statements, and a list of current assets. 

Once these documents are ready, please fill out the application form and submit them to the lender. By appending your signature on the form, you’re authorizing the lender to process your loan. 

• Validation and Verification

The lender will process your application and validate the information provided in your supporting documents. For instance, they may contact your employer to confirm that you work there and that your income is the same as what it says on the payslips you submitted. 

After verifying that the information provided is accurate and satisfies all requirements, your application will be forwarded to the lender’s underwriting department. 

• Mortgage Underwriting

The underwriter will evaluate your loan package to ensure it meets the standards for the home loan that you want to obtain. They will also look at the appraisal and legal status of the property that you want to buy to confirm that you’re applying for the right loan product. 

This is a critical stage in the overall process because the underwriter is the ultimate decision-making authority regarding whether or not your loan application will be approved. 

• Clear to Close

Once the underwriter gives the all-clear on your loan application, they will inform the processor of any conditions required to close. This usually includes additional supporting documents that they deem necessary.

If these conditions have been met, the underwriter will mark your application a ‘clear to close.’ This means the loan is ready to be approved and disbursed. 

• Closing

This is the final step in the home loan process. You, the home seller, and other relevant parties will meet to ‘close’ the deal. 

Charlotte, NC Mortgage Lender

If you are looking to finance a new home purchase in Charlotte, NC, Capital Home Mortgage is here to help. We’re a direct mortgage lender, meaning we handle every aspect of the home loan process — from application to funding. This enables us to close the process on time with actual approval while also providing competitive rates and low fees.

Our loan officers know that no two loan needs are the same, so they perform a needs-based analysis of your situation to provide you with the best possible mortgage products. Overall, we aim to make your home buying process as seamless and enjoyable as possible. 

Let Us Help You Find the Right Mortgage in Charlotte, NC Today!

Capital Home Mortgage is your trusted, full-service mortgage lender serving Charlotte and the nearby North Carolina communities. Call us now at (910) 500-6017 to speak with our loan officers about financing your new home. 

Thank you again for your interest in our services, and we look forward to providing you with your next home loan.