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Mortgage Loans in Durham, 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 Durham, NC

Durham is a city in the U.S. state of North Carolina and the county seat of Durham County. Small portions of the city limits extend into Orange County and Wake County. With a population of 283,506 in the 2020 Census, Durham is the 4th-most populous city in North Carolina and the 75th-most populous city in the United States. The city is located in the east-central part of the Piedmont region along the Eno River. Durham is the core of the four-county Durham-Chapel Hill Metropolitan Area, which has a population of 644,367 as of U.S. Census 2019 Population Estimates. The Office of Management and Budget also includes Durham as a part of the Raleigh-Durham-Cary Combined Statistical Area, commonly known as the Research Triangle, which has a population of 2,079,687 as of the U.S. Census 2019 Population Estimates.

A railway depot was established in 1849 on land donated by Bartlett S. Durham, the namesake of the city. Following the American Civil War, the community of Durham Station expanded rapidly, in part due to the tobacco industry. The town was incorporated by an act of the North Carolina General Assembly, in April 1869. The establishment of Durham County was ratified by the General Assembly 12 years later, in 1881. It became known as the founding place and headquarters of the American Tobacco CompanyTextile and electric power industries also played an important role. While these industries have declined, Durham underwent revitalization and population growth to become an educational, medical, and research center.

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

History of Durham, NC

In 1970, the Census Bureau reported the city’s population as 38.8% black and 60.8% white. Durham’s growth began to rekindle during the 1970s and 1980s, with the construction of multiple housing developments in the southern part of the city, nearest Research Triangle Park, and the beginnings of downtown revitalization. In 1975, the St. Joseph’s Historical Foundation at the Hayti Heritage Center was incorporated to “preserve the heritage of the old Hayti community, and to promote the understanding of and appreciation for the African American experience and African Americans’ contributions to world culture.” A new downtown baseball stadium was constructed for the Durham Bulls in 1994. The Durham Performing Arts Center now ranks in the top ten in theater ticket sales in the US according to Pollstar magazine. Many famous people have performed there including B.B. King and Willie Nelson. After the departure of the tobacco industry, large-scale renovations of the historic factories into offices, condominiums, and restaurants began to reshape downtown. While these efforts continue, the large majority of Durham’s residential and retail growth since 1990 has been along the I-40 corridor in southern Durham County.

Major employers in Durham are Duke University and Duke Medical Center (39,000 employees, 14,000 students), about 2 miles (3.2 km) west of the original downtown area, and companies in the Research Triangle Park (49,000 employees), about 10 miles (16 km) southeast. These centers are connected by the Durham Freeway (NC 147).

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

Geography of Durham, NC

Durham is located in the east-central part of the Piedmont region at 35°59′19″N 78°54′26″W (35.988644, −78.907167). Like much of the region, its topography is generally flat with some rolling hills.

The city has a total area of 108.3 square miles (280.4 km2), of which 107.4 square miles (278.1 km2) is land and 0.93 square miles (2.4 km2), or 0.84%, is water.

The soil is predominantly clay, making it poor for agriculture. The Eno River, a tributary of the Neuse River, passes through the northern part of Durham, along with several other small creeks. The center of Durham is on a ridge that forms the divide between the Neuse River watershed, flowing east to Pamlico Sound, and the Cape Fear River watershed, flowing south to the Atlantic near Wilmington. A small portion of the city is in Wake County.

Durham is located 10.41 miles northeast of Chapel Hill, 20.78 miles northwest of Raleigh, 50.21 miles east of Greensboro, 121.40 miles northeast of Charlotte, and 134.06 miles southwest of Richmond, Virginia.

Source: https://en.wikipedia.org/wiki/Durham,_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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LaMonica McDuffie Mortgage Loans

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