Skip to main content

Mortgage Loans in Raleigh, 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!

Conventional

Learn More!

FHA

Learn More!

VA

Learn More!

Jumbo

Learn More!

Rehab

Learn More!

USDA

Learn More!
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

DOWNLOAD OUR HOMEBUYER’S MORTGAGE GUIDE

All about Raleigh, NC

Raleigh is the capital of the state of North Carolina and the seat of Wake County in the United States. It is the second-most populous city in North Carolina, the tenth-most populous city in the Southeast, the 41st-most populous city in the U.S., and the largest city in the Research Triangle metro area. Raleigh is known as the “City of Oaks” for its many oak trees, which line the streets in the heart of the city. The city covers a land area of 147.6 square miles (382 km2). The U.S. Census Bureau counted the city’s population as 474,069 in 2020. It is one of the fastest-growing cities in the country. The city of Raleigh is named after Walter Raleigh, who established the lost Roanoke Colony in present-day Dare County.

Raleigh is home to North Carolina State University (NC State) and is part of the Research Triangle together with Durham (home of Duke University and North Carolina Central University) and Chapel Hill (home of the University of North Carolina at Chapel Hill). The name of the Research Triangle (often shortened to the “Triangle”) originated after the 1959 creation of Research Triangle Park (RTP), located in Durham and Wake counties, among the three cities and their universities. The Triangle encompasses the U.S. Census Bureau’s Raleigh-Durham-Cary Combined Statistical Area (CSA), which had an estimated population of 2,037,430 in 2013. The Raleigh metropolitan statistical area had an estimated population of 1,390,785 in 2019.

Most of Raleigh is located within Wake County, with a very small portion extending into Durham County. The towns of CaryMorrisvilleGarnerClaytonWake ForestApexHolly SpringsFuquay-VarinaKnightdaleWendellZebulon, and Rolesville are some of Raleigh’s primary nearby suburbs and satellite towns.

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

History of Raleigh, NC

In the first decade of the 21st century, Raleigh was featured prominently in a number of “Top 10 Lists”, including those by ForbesMSNBC, and Money magazine, due to its quality of life and favorable business climate.

In 2001, the Raleigh Memorial Auditorium complex was expanded with the addition of the Progress Energy Center for the Performing Arts, Meymandi Concert Hall, Fletcher Opera Theater, Kennedy Theatre, Betty Ray McCain Gallery, and Lichtin Plaza.

Fayetteville Street reopened to vehicular traffic in 2006. A variety of downtown building projects began around this time including the 34-story RBC Bank Tower, multiple condominium projects, and several new restaurants. Additional skyscrapers are in the proposal/planning phase.

In 2006, the city’s NHL franchise, the Carolina Hurricanes, won the Stanley Cup, North Carolina’s first and only professional sports championship.

With the opening of parts of I-540 from 2005 to 2007, a new 70-mile (110 km) loop around Wake County, traffic congestion eased somewhat in the North Raleigh area. Completion of the entire loop is expected to take another 15 years.

In 2008, the city’s Fayetteville Street Historic District joined the National Register of Historic Places.

In September 2010, Raleigh hosted the inaugural Hopscotch Music Festival.

In January 2011, Raleigh hosted the National Hockey League All-Star Game.

In April 2011, a devastating EF-3 tornado hit Raleigh, and many other tornadoes touched down in the state (ultimately the largest, but not the strongest outbreak to ever hit the state), killing 24 people. The tornado tracked northeast through parts of Downtown, East Central Raleigh, and Northeast Raleigh and produced $115 million in damages in Wake County. There were 4 fatalities in the city.

In September 2015 Holy Trinity Anglican Church was opened; the first church to be built in downtown Raleigh since 1958.

On July 26, 2017, the Catholic Diocese of Raleigh dedicated its new cathedral, Holy Name of Jesus Cathedral, the fifth-largest in the United States.

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

Demographics of Raleigh, NC

As of the 2020 United States Census, there were 467,665 people, 188,412 households, and 104,848 families residing in the city. In the American Community Survey of 2019, the city of Raleigh’s population was estimated at 474,708; an earlier estimate determined the population at 474,069. At the 2000 United States Census, there were 276,093 persons (July 2008 estimate was 380,173) and 61,371 families residing in Raleigh. The population density was 2,409.2 people per square mile (930.2/km2). There were 120,699 housing units at an average density of 1,053.2 per square mile (406.7/km2). There were 112,608 households in the city in 2000, of which 26.5% included children below the age of 18, 39.5% were composed of married couples living together, and 11.4% reported a female householder with no husband present, and 45.5% classified themselves as nonfamily. Unmarried partners were present in 2.2% of households. In addition, 33.1% of all households were composed of individuals living alone, of which 6.2% were someone 65 years of age or older. The average household size in Raleigh was 2.30 persons, and the average family size was 2.97 persons.

Raleigh’s population in 2000 was evenly distributed with 20.9% below the age of 18, 15.9% aged 18 to 24, 36.6% from 25 to 44, and 18.4% from 45 to 64. An estimated 8.3% of the population was 65 years of age or older, and the median age was 31 years. For every 100 females, there were 98.0 males; for every 100 females aged 18 or older, there were 96.6 males aged 18 or older.

The racial makeup of Raleigh in 2019 was 52.5% non-Hispanic white, 28.3% Black or African American, 0.4% American Indian or Alaska Native, 4.0% Asian American, 0.1% from some other race, 2.1% two or more races, 12.5% Hispanic or Latin American of any race. According to the 2010 United States Census, the racial composition of the city was: 57.5% White (53.3% non-Hispanic white), 29.3% Black or African American, 4.3% Asian American (1.2% Indian, 0.8% Chinese, 0.7% Vietnamese, 0.5% Korean, 0.4% Filipino, 0.1% Japanese), 2.6% two or more races, 1.4% some other race, 0.5% Native American, and <0.1% Native Hawaiian or other Pacific Islander[87] In addition, 11.4% of city residents were Hispanic or Latino Americans, of any race (5.9% Mexican, 1.1% Puerto Rican, 0.9% Salvadoran, 0.6% Dominican, 0.6% Honduran, 0.3% Colombian, 0.3% Cuban, 0.2% Guatemalan, 0.2% Spanish, 0.2% Peruvian, 0.1% Venezuelan, 0.1% Ecuadorian, 0.1% Argentine, and 0.1% Panamanian). In 2000, the racial composition of the city was: 63.31% White, 27.80% Black or African American, 7.01% Hispanic or Latino American, 3.38% Asian American, 0.36% Native American, 0.04% Native Hawaiian or other Pacific Islander, 3.24% some other race, and 1.88% two or more races.

The median household income in the city was $46,612 in 2000, and the median family income was $60,003. Males earned a median income of $39,248, versus $30,656 for females. The median per capita income for the city was $25,113, and an estimated 11.5% of the population and 7.1% of families were living below the poverty line. Of the total population, 18.8% of those below the age of 18, and 9.3% of those 65 and older, were living below the poverty line. In 2019, an estimated 10.9% of the local population were at or below the poverty line. The median household income from 2014 to 2018 was $63,891 and the per capita income was $36,875. There were 180,046 households with an average of 2.43 persons per household. The median value of an owner-occupied housing unit was $236,700 in 2018 and the monthly cost with a mortgage was $1,480. The cost without a mortgage was $526. Raleigh had a median gross rent of $1,074.

Source: https://en.wikipedia.org/wiki/Raleigh,_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
GoogleFacebookZillowExperience.com
LaMonica McDuffie Mortgage Loans

Download our Homebuyer’s Guide!

X