A jumbo loan is a mortgage that exceeds the conforming loan limit set annually by the Federal Housing Finance Agency (FHFA). For 2026, that baseline limit is $832,750 for a one-unit home, and this figure applies uniformly across all 100 North Carolina counties since the state has no designated high-cost areas. Any single-family home loan above that amount is classified …
What is a Jumbo Mortgage Loan?
A jumbo loan (or jumbo mortgage) is a type of financing that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Because these loans are not backed by Fannie Mae or Freddie Mac, they are utilized to finance luxury properties and homes in highly competitive real estate markets. 2026 Jumbo Loan Limits & Requirements When your …
Should I Apply for a Mortgage Before Looking at Houses?
Yes. Getting approved for a mortgage should be your very first step, well before you attend an open house or tour a property with a real estate agent. While it is tempting to start house-hunting immediately, looking at homes without a formal mortgage pre-approval puts you at a severe disadvantage. Here is exactly why you need to apply first: 1. …
When Should You Choose an Adjustable Rate Mortgage?
When is an adjustable rate mortgage better than a fixed-rate mortgage? Answer: An adjustable rate mortgage may be better when you want a lower initial rate, plan to sell or refinance before the adjustable period begins, or expect your income or financial situation to change in the next few years. It is not the right fit for every buyer, but …
What Does It Mean to Float a Mortgage Rate?
What is a Floating Mortgage Rate? When a borrower floats a mortgage, it means their mortgage interest rate has not been locked in yet. The rate may still change before closing based on market conditions, lender pricing, loan details, and timing. Floating can create opportunity if rates improve, but it also adds risk if rates rise. What Borrowers Should Know …
Understanding Mortgages: A Guide for New Home Owners
A mortgage is a long-term loan used to purchase a home, and understanding how it works is essential for making confident financial decisions. Buying a home—especially in a competitive market like Raleigh, NC—can feel overwhelming without a strong understanding of how mortgages work. Whether you’re a first-time home buyer or preparing to upgrade to a larger home, gaining clarity on …
Should I Buy a Home in 2026?
Buying a home in 2026 can make sense for Raleigh buyers who are financially ready and want to stay ahead of shifting rates and competition. This guide covers timing, mortgage rate outlook, first-time buyer programs, loan options, and what to expect with upfront costs.
The Role of Down Payments in Home Buying
Down payments play a major role in loan approval, monthly payments, and long-term affordability. Here’s what Raleigh buyers should know.
When To Rent vs Buy in Raleigh, NC
Deciding whether to rent or buy a home in Raleigh depends on your goals, budget, and how long you plan to stay. Learn how to compare upfront costs, flexibility, and market trends so you can make a confident decision that fits your lifestyle in the Triangle.
How Does Refinancing a Mortgage Work in North Carolina?
Refinancing your mortgage can lower payments, shorten loan terms, or unlock home equity. In North Carolina, state laws and closing costs make the process unique. With over 20 years of experience, Raleigh Mortgage Group helps homeowners refinance with confidence.