FHA single-family mortgages in NORTH CAROLINA can have down payments as little as 3.5%. In some cases, FHA insurance allows homebuyers to finance approximately 96.5% of the value of their home purchased with their FHA mortgage.

FHA Loan Rates

June 29, 2016
FHA Rates for June 29, 2016
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Getting the Proper Home Appraisal

While cities like Charlotte, Raleigh, and Greensboro have seen rapid population and economic growth over the last thirty years, many of North Carolina's small towns have suffered from declining populations and lost jobs. The state's textile industry, once the mainstay of the North Carolina economy, has been steadily losing jobs to Asian and Latin American producers for decades. The furniture production industry has also been hit hard. Still, North Carolina remains the leading producer of tobacco in America. Uncertainty over the federal government's position on tobacco subsidies has prompted many farmers to switch to other crops like grapes for wine or to leave farming altogether.

Information and biotechnology industries have been steadily on the rise since the creation of the Research Triangle Park (RTP) in the 1950s. Located between Raleigh, Durham, and Chapel Hill, this globally prominent research center is home to over 170 companies and federal agencies. It is the largest and oldest continuously operating research and science park in the United States.

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