What mortgage costs should I compare besides the interest rate?
Compare the APR, lender fees, discount points, loan-origination charges, estimated closing costs, and any prepayment or rate-lock fees. Ask each lender for a Loan Estimate so the costs are presented in a standardized format.
How long does mortgage pre-approval usually take?
A pre-approval can be issued quickly when income, asset, credit, and employment documents are complete, but timing varies by lender and application complexity. It is not a final loan approval; the property and borrower still undergo underwriting.
Which mortgage programs may fit first-time or military homebuyers in Onslow County?
The listed lenders offer programs including FHA, VA, and first-time-homebuyer mortgages. Guild Mortgage specifically lists VA loans and down payment assistance, while BB&T Mortgage lists FHA, VA, and first-time-buyer options.
What should I bring when applying for a mortgage?
Commonly requested items include recent pay stubs, two years of income documentation, bank and investment statements, identification, debts, and permission for a credit check. Self-employed or VA borrowers may need additional records.