MidCarolina Bank
MidCarolina Bank
842 South Main Street
Graham, NC 27253
Phone: 336-570-3032
Fax: 336-570-1047

Whether you are buying, refinancing, building or relocating, MidCarolina offers expert advice to provide you with the best loan programs and services to meet your specific needs. Mortgage Loan Specialists are available at each MidCarolina office location.

Contact us today for current rates and terms!

MidCarolina Bank offers a variety of conventional loans for purchases, refinances and converting construction loans to permanent:

Fixed Rate Mortgages*
For people whose first priority is having a fixed rate and payment for the life of the loan. A variety of terms are available to choose from. Loans are available up to 97% of the sales price of the home.

Adjustable Rate Mortgages*
For people whose first priority is a low initial monthly payment. Typically indexed to the 1-year Libor Rate with or without a conversion option. Starting rate may be fixed for a period of 1 to 10 years and typical terms include:
2% cap on interest rate changes per year
5%-6% cap on interest rate changes for the life of the loan
Loans available to 97% of sales price or appraisal

2 Step Mortgages*
Rate is fixed for five or seven years. Contains an option to continue the loan after the initial period for the remainder of the 30 year term with a fixed rate indexed to Fannie Mae rates. These loans usually offer a lower initial interest rate and payment than 30 year fixed rate mortgages.

Jumbo Mortgages*
Fixed and adjustable rate mortgages are available for loan amounts exceeding the Fannie Mae limits.

FHA / VA / NC Housing Finance Agency / USDA Mortgages*
These government-insured loans allow borrowers to purchase or refinance houses with little or no money down. First time home buyers are typical users of these loans. Borrowers lacking a credit history often qualify for these loans by providing rental histories, cell phone histories or other alternative source of credit.

Reverse Mortgages*
These loans allow a homeowner to receive either a monthly payment from the bank to supplement their income, a lump sum at closing, or a line of credit. No monthly payments are required on these loans. You must be at least 62 years old to be eligable, and borrowers can qualify for these loans regardless of credit history or income level.

Contact us today for more information!

The Mortgage Lending Team at MidCarolina Bank is ready to make your home loan a reality.
With experienced Mortgage Lenders in every office we can help make your mortgage loan process easy and hassle-free. And with our competitive rates and flexible terms, now is the time to buy or build your new home with MidCarolina mortgage.


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