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Mortgage Loans in Charlotte, NC

No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best mortgage possible for your unique scenario!

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Mortgage Home Loan

How the process works

1

Documentation

There are a few critical documents we will need to verify to start your process.  Learn More
2

Appraisal

The appraisal insures the home you are buying is worth the price that is being offered. Learn More
3

Initial Underwriting

The Underwriter will verify that all information is accurate and authentic. Learn More
4

Conditional Approval

Conditional Approval is granted when the Underwriter approves the loan under certain conditions. Learn More
5

Clear To Close

The Underwriter verifies that all documentation has been provided and all conditions have been met. Learn More
6

Closing

Signing the final documentation and receiving the keys to your new home! Learn More

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All about Charlotte, NC

Charlotte is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 as of the 2020 census, making Charlotte the 16th-most populous city in the U.S., the seventh most populous city in the South, and the second-most populous city in the Southeast behind Jacksonville, Florida. The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose 2020 population of 2,660,329 ranked 23rd in the U.S. The Charlotte metropolitan area is part of a sixteen-county market region or combined statistical area with a 2020 census-estimated population of 2,846,550.

Between 2004 and 2014, Charlotte was ranked as the country’s fastest-growing metro area, with 888,000 new residents. Based on U.S. Census data from 2005 to 2015, Charlotte tops the U.S. in millennial population growth. It is the third-fastest-growing major city in the United States. Residents are referred to as “Charlotteans“.

Charlotte is home to the corporate headquarters of Bank of AmericaTruist Financial, and the east coast headquarters of Wells Fargo, which along with other financial institutions has made it the second-largest banking center in the United States. As of 2020, Charlotte was considered a Gamma + level global city by the GaWC.

Among Charlotte’s notable attractions, some of the most popular include the Carolina Panthers (NFL), the Charlotte Hornets (NBA), Charlotte FC (MLS), the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Mint MuseumHarvey B. Gantt CenterBechtler Museum of Modern Art, the Billy Graham LibraryLevine Museum of the New SouthCharlotte Museum of HistoryCarowinds amusement park, and the U.S. National Whitewater Center.

Charlotte has a humid subtropical climate. It is located several miles east of the Catawba River and southeast of Lake Norman, the largest man-made lake in North Carolina. Lake Wylie and Mountain Island Lake are two smaller man-made lakes located near the city.

Source: https://en.wikipedia.org/wiki/Charlotte,_North_Carolina

History of Charlotte, NC

In 1910, Charlotte surpassed Wilmington to become North Carolina’s largest city with 34,014 residents.

The population grew again during World War I when the U.S. government established Camp Greene, north of present-day Wilkinson Boulevard. The camp supported 40,000 soldiers, with many troops and suppliers staying after the war, launching urbanization that eventually overtook older cities along the Piedmont Crescent. In the 1920 census, Charlotte fell to being the state’s second-largest city, Winston-Salem with 48,395 people, and had two thousand more people than Charlotte. Charlotte would pass Winston-Salem in population by the 1930 census and has remained North Carolina’s largest city since.

The city’s modern-day banking industry achieved prominence in the 1970s and 1980s, largely under the leadership of financier Hugh McColl. McColl transformed North Carolina National Bank (NCNB) into a formidable national bank that through aggressive acquisitions eventually merged with BankAmerica to become Bank of AmericaFirst Union, later Wachovia in 2001, experienced similar growth before it was acquired by San Francisco-based Wells Fargo in 2008. Measured by control of assets, Charlotte became the second largest banking headquarters in the United States after New York City.

On September 22, 1989, the city was hit by Hurricane Hugo. With sustained winds of 69 mph (111 km/h) and gusts of 87 mph (140 km/h), Hugo caused massive property damage, destroyed 80,000 trees, and knocked out electrical power to most of the population. Residents were without power for weeks, schools were closed for a week or more, and the cleanup took months. The city was caught unprepared; Charlotte is 200 miles (320 km) inland, and residents from coastal areas in both Carolinas often wait out hurricanes in Charlotte.

In December 2002, Charlotte and much of central North Carolina were hit by an ice storm that resulted in more than 1.3 million people losing power. During an abnormally cold December, many were without power for weeks. Many of the city’s Bradford pear trees split apart under the weight of the ice.

In August 2015 and September 2016, the city experienced several days of protests related to the police shootings of Jonathan Ferrell and Keith Scott.

Source: https://en.wikipedia.org/wiki/Charlotte,_North_Carolina

Geography of Charlotte, NC

As of the 2020 United States Census, there were 874,579 people, 342,448 households, and 195,614 families residing in the city. In 2019, the U.S. Census Bureau estimates showed 885,708 residents living within Charlotte’s city limits and 1,093,901 in Mecklenburg County. The combined statistical area, or trade area, of Charlotte–Concord–Gastonia, NC–SC had a population of 2,728,933. Figures from the more comprehensive 2010 census show Charlotte’s population density to be 2,457 per square mile (948.7/km2). There were 319,918 housing units at an average density of 1,074.6 per square mile (414.9/km2).

According to the 2010 United States Census, the racial composition of Charlotte was 45.1% White or Caucasian, 35.0% Black or African American, 13.1% Hispanic or Latin American, 5.0% Asian, 0.5% American Indian, 0.1% Native Hawaiian or other Pacific Islander, 6.8% some other race, and 2.7% two or more races. In 1970, the U.S. Census Bureau reported Charlotte’s population as 30.2% Black and 68.9% White. In 2020, 39.72% of the population was non-Hispanic white, 32.5% Black or African American, 0.25% Native American, 7.02% Asian, 0.05% Pacific Islander, 4.15% other or mixed, and 16.32% Hispanic or Latin American of any race. This reflected the national demographic shift as Hispanic or Latinos and Asians increased in population.

The median income for a household in the city was $48,670, and the median income for a family was $59,452. Males had a median income of $38,767 versus $29,218 for females. The per capita income for the city was $29,825. The percentage of the population living at or below the poverty line was 10.6%, with 7.8% of families living at or below the poverty line. Out of the total population, 13.8% of those under the age of 18 and 9.7% of those 65 and older were living below the poverty line.

Source: https://en.wikipedia.org/wiki/Charlotte,_North_Carolina

LaMonica McDuffie

Loan Officer  //  NMLS #1991132

My name is LaMonica McDuffie.  I am a native of Durham, North Carolina.  I have a Degree in Business Management from North Carolina Agricultural & Technical State University.  I am the eldest of 2 sisters and the dog mother of 2 adorable dogs, Chase, and Harley.

Growing up my mother and I always had a love of touring new construction homes in our area.  For years I thought my dream job would be helping other people enjoy every aspect of building or owning a home of their own.

While still in college I started gaining the experience that I still use to this day in the mortgage industry. Right away I knew that I was going to love being involved in the process of helping families obtain a mortgage for their homes.  Seeing the joy, it brings to families and the pride they take in seeing their dream of homeownership come to fruition gives me the passion to perform my job to the best of my ability.

LaMonica.McDuffie@Nafinc.com(919) 638-7494
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