North Carolina

Branches located in North Carolina

Garner

Welcome to North Carolina

North Carolina is a state rich in history, culture, and natural beauty. From the towering Appalachian Mountains to the sun-soaked beaches of the Outer Banks, the Tar Heel State offers a diverse landscape for residents and visitors alike. Cities like Charlotte and Raleigh blend modern innovation with Southern charm, while towns such as Asheville provide artistic flair and mountain vistas.

North Carolina’s strong economy thrives on industries like technology, banking, and agriculture. The state’s military presence, with major bases such as Fort Liberty (formerly Fort Bragg) and Marine Corps Base Camp Lejeune, underscores its dedication to national defense and highlights its large veteran population. Whether you're drawn to the vibrant cities, serene countryside, or bustling coastal areas, North Carolina offers a quality of life that’s hard to match.

Major North Carolina Cities

North Carolina's major cities offer a blend of history, innovation, and vibrant community life. Charlotte stands out as a financial hub, while Raleigh serves as the state's capital and a center for research and education. Durham is renowned for its healthcare and university presence, and Asheville attracts visitors with its arts scene and proximity to the Blue Ridge Parkway.

Quick Links To Other City Pages

Charlotte

Raleigh

Greensboro

Durham

Winston-Salem

Fayetteville

Cary

Wilmington

Veteran Benefits in North Carolina

North Carolina honors its veterans by providing a variety of benefits aimed at enhancing their quality of life. From tax exemptions to educational scholarships and recreational discounts, the state ensures that veterans and their families receive the support they deserve.

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North Carolina's Military Presence

North Carolina is home to some of the most significant military installations in the country, serving as a cornerstone for defense, training, and operations. These installations bolster the state's economy, provide employment, and contribute to the readiness of the U.S. armed forces. The state's military community is vital, not only for its role in national security but also in supporting the local communities where they are based.

• Fort Liberty (formerly Fort Bragg): One of the largest military bases in the world, Fort Liberty houses the U.S. Army’s Airborne and Special Operations Forces, contributing significantly to global military operations.
• Marine Corps Base Camp Lejeune: A major Marine Corps training facility that supports combat-ready forces for expeditionary deployment.
• Seymour Johnson Air Force Base: Home to the 4th Fighter Wing, specializing in F-15E Strike Eagle operations and maintenance.
• Pope Army Airfield: An essential part of the Fort Liberty complex, providing airlift and logistics support to Army airborne forces.
• Cherry Point Marine Corps Air Station: A critical aviation base supporting Marine Aircraft Group 14 and the Fleet Readiness Center East.
• Coast Guard Base Elizabeth City: One of the largest Coast Guard aviation bases, playing a key role in search and rescue operations along the Eastern Seaboard.

North Carolina VA Loan Requirements

VA loan requirements in North Carolina are in line with national standards, ensuring veterans and active-duty members can access home financing options. These requirements revolve around service time, discharge status, and property use.

To qualify for a VA loan, you must meet one of the following service criteria:

• 90 days of active service during wartime
• 181 continuous days of active service during peacetime
• 6 or more years of service in the National Guard or Reserves
• Unremarried surviving spouse of a servicemember who died in the line of duty or due to a service-related disability

Additional VA loan conditions include:

• Funding Fee: A one-time fee that helps cover the VA loan program's costs. This varies based on military category, down payment, and prior use of the VA loan benefit. Some veterans may be exempt.
• Occupancy Requirement: The borrower must occupy the home as their primary residence within 60 days of closing.
• Primary Residence Use: VA loans are strictly for primary residences and not for investment properties or vacation homes.

Each lender may have specific requirements, so it’s crucial to consult with your Loan Officer to ensure all criteria are met.

North Carolina VA Loan Limits

VA loan limits in North Carolina can vary by county and adjust annually. In most counties, the standard limit in 2023 is $766,550. However, some high-cost areas, like those near major military bases, may have higher limits.

Veterans with full entitlement are not limited by VA loan limits. However, those with reduced entitlement must adhere to the county loan limit to avoid making a down payment.

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VA Loan Entitlement in North Carolina

VA entitlement reflects how much the VA guarantees to the lender. There are two forms of entitlement:

• Full Entitlement: Allows borrowing up to the full county loan limit without a down payment. This applies if the veteran has never used a VA loan or has fully restored entitlement.
• Remaining Entitlement: If a veteran has an existing VA loan, the remaining entitlement can be used for another home purchase, but limits may apply.

Understanding entitlement is key for maximizing VA loan benefits. Speak to a Loan Officer to assess your entitlement status.

VA Loan Rates in North Carolina

VA loan rates in North Carolina are competitive, often lower than conventional loan rates due to the VA backing. Rates vary based on credit score, loan term, and market conditions. Veterans can often secure lower rates with excellent credit or through VA Streamline Refinancing (IRRRL).

Types of VA Mortgage Programs in North Carolina

• VA Purchase Loan: Offers fixed and adjustable-rate options, allowing veterans to buy homes with no down payment and competitive interest rates.
• VA Cash-Out Refinance: Enables veterans to access home equity, refinancing up to 100% of the home's value for cash needs.
• VA Streamline Refinance (IRRRL): Simplifies refinancing by reducing interest rates and payments without extensive documentation.

How to Get a VA Loan in North Carolina

Follow these steps to secure a VA loan in North Carolina:

1. Obtain a Certificate of Eligibility (COE): This verifies VA loan eligibility. Lenders can assist with this process.
2. Choose a Loan Type: Work with your Loan Officer to select the VA loan type that fits your needs.
3. Find a Home: Connect with a VA-savvy real estate agent to locate properties eligible for VA financing.
4. Home Appraisal: A VA-certified appraiser evaluates the home’s value to ensure it meets VA standards.
5. Close the Loan: After final approval, close on the home and begin enjoying your new property.

The VA loan process is streamlined to support veterans in achieving homeownership without the burden of large down payments or excessive fees.

Real Estate in North Carolina

North Carolina's real estate market is vibrant and diverse, offering a wide range of housing options for veterans and their families. From the bustling urban centers of Charlotte and Raleigh to the serene coastal areas and the picturesque Appalachian Mountains, the state provides ample choices to suit different lifestyles and budgets.

The housing market in North Carolina continues to grow, driven by strong demand and an influx of new residents. Veterans can take advantage of favorable property tax exemptions and housing assistance programs designed specifically to make homeownership more affordable.

Whether you're drawn to the thriving job markets in the Research Triangle, the scenic beaches of Wilmington, or the historic charm of Asheville, North Carolina offers a high quality of life, making it an attractive destination for veterans looking to settle down.