Home Loans In Winston-Salem, North Carolina 

Home to over 250,000 residents, Winston-Salem is the fifth most populous city and third-largest urban area in the state of North Carolina. Known for its eclectic art scene, mild weather, and lower average cost of living, it is no wonder the city was listed among the 50 best places to live in the United States. 

Welcome to Capital Home Mortgage Winston – Salem. Are you considering buying a home in Winston-Salem, NC? Homeownership is an exciting experience. However, because this will likely be the biggest purchase you make in your lifetime, it’s essential to get it right from the start. 

Before commencing your home hunt, it’s good to establish your readiness to buy a house, especially if you’re planning on getting a home loan to finance the deal. 

You’re Ready To Buy A Home If . . .

• You have a stable income and manageable debt 

These are the first things mortgage lenders will look at when evaluating your application for a home loan. In most cases, you’ll need to have been earning a steady paycheck for the past two years to qualify for a mortgage. 

• You can afford the monthly mortgage house payments and other home maintenance costs

The last thing you want is to swallow up your entire income for your monthly house payments. The general rule of thumb is to keep your mortgage payments below 36% of your monthly gross income. 

Other expenses to plan for include property taxes, homeowner’s insurance, Homeowners Association (HOA) fees, private mortgage insurance (PMI), and home maintenance. 

Use our mortgage calculator to get a more accurate picture of what you can realistically afford on home payments. 

• You have enough funds for a reasonable down payment

By reasonable down payment, we mean something along the lines of 20% or higher. Anything lower, and you might be required to pay the PMI, which typically costs between  0.5% and 1% of the mortgage annually. A high down payment also means you’d generally pay less interest and fees on your mortgage payments. 

• You can cover the closing costs 

To sweeten the deal, some home sellers offer to cover the closing costs of the home purchase. However, this is not always the case, so have your funds ready just in case. 

Closing costs cover title insurance, underwriting fees, recording fees, tax certificates, loan origination fees, etc. Expect to spend around 3 to 4% of your home’s purchase price on closing costs. 

Winston-Salem, NC Mortgage Lender

Are you looking for a tried and trusted mortgage lender in Winston-Salem, NC? You’ve come to the right place! Capital Home Mortgage offers a lineup of home loan programs to finance your home purchase. 

As a direct lender, we handle every aspect of the home loan process, enabling us to offer lower fees, quicker approvals, and flexible underwriting policies that fit different borrower types. 

Above all, Capital Home Mortgage provides a straightforward homebuying experience. Owning a home should not be such a stressful endeavor, after all. 

Apply For A Home Loan In Winston-Salem Today!

Whether you are a first-time homebuyer, seasoned real estate investor, or retired veteran, we have the right home loan program. Call (910) 500-6017 to speak with our experienced loan officers. 

From all of us here at Capital Home Mortgage, we thank you for your interest in our services, and we look forward to helping you realize your dream of becoming a Winston-Salem homeowner.