Own Your New Raleigh Home with One of Our Mortgage Loan Programs

Competitive Loan Programs and Mortgage Rates in Raleigh, Cary, & Durham



Primary Residential Mortgage, Inc., provides competitive home loans in Raleigh, Durham, Garner, and other surrounding areas. This beautiful part of North Carolina is known as one of the hottest residential real estate markets due to its family-friendly atmosphere, small-town Southern charm and promising local economy. Chad Erling’s team can help you choose the right loan based on your financial goals and situation.

Chad is PRMI Raleigh’s branch manager and has been ranked in the top 1% of mortgage originators in the entire country. Together with a team that understands the local mortgage industry, he helps you meet your long and short-term financial goals. He and his team will assist you in finding conventional loans, FHA loans, VA loans, USDA loans and more. Explore and understand all your financial options with us.

Conventional Mortgage Click to open answer

A conventional mortgage refers to any home loan option that isn’t guaranteed by a government agency like the VA, FHA or USDA. This type of mortgage is ideal for homebuyers with good credit and a low debt-to-income ratio. Down payments may be as high as 20 percent, but we help you find the lowest rates and situation that best suits you.  Contact us today if you are looking for a conventional mortgage in the Raleigh, Durham area. 

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Jumbo Loan Click to open answer

A jumbo loan is the most suitable option when your home is on higher priced and can’t be covered by a conventional conforming loan. If you’re looking at luxury homes in the Raleigh area and want to apply for a jumbo loan, it’s important to have a higher credit score and a low debt-to-income ratio. Down payments and interest rates may also be slightly higher with this type of loan.

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VA Loan Click to open answer

We love to honor and provide service to our national heroes.  One of the ways we do this is through our (VA) Loan program.  Guaranteed by the Department of Veterans Affairs, this program is a great way to give back to veterans, active duty and reserve military members, and eligible surviving spouses. It lets you purchase or refinance your home without making a down payment. Because it is guaranteed by the VA, it also has more flexible lending terms than some conventional loans.  If you are looking for a VA Loan in Raleigh, Durham, Garner, or other surrounding areas, contact our team today for help. 

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FHA Loan Click to open answer

The Federal Housing Authority (FHA) insures mortgages for low- to moderate-income borrowers. The FHA loan lets you borrow up to 96.5 percent of the home’s value, meaning you can make a down payment as low as 3.5 percent. The source of your down payment can include personal savings, grants or financial assistance from a relative.  If you are looking for an FHA loan in the Raleigh/Durham area, contact us today to learn more.

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Down Payment Assistance Click to open answer

Down payment assistance programs are available to many Raleigh area borrowers and are one way to make your home buying process easier. These programs are meant to help you pay your down payment or closing costs. You may apply for a down payment grant that does not have to be repaid or a forgivable second mortgage program, if a grant cannot be secured.*

*First lien interest rates maybe higher when using a DPA second.

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USDA Loan Click to open answer

The USDA loan is a widely available, zero-down mortgage loan option guaranteed by the U.S. Department of Agriculture for homes in designated rural areas. You can finance 100 percent of your home’s purchase with this loan. It also gives you access to attractive mortgage rates that are oftentimes lower than the rates of other low-down-payment loan options.   A USDA loan in the Raleigh/Durham area is a great option for those looking to live in a more rural setting.

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Refinance Click to open answer

Home loan refinancing is replacing an existing loan with a new one. This option can help you pay off your existing debt, lower your monthly payments, adjust the loan term and/or change the loan type.  We help many Raleigh and Durham area borrowers with their refinance needs. 

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Construction Loan Click to open answer

Also known as a self-build loan, a construction loan is a short-term financing option for homebuyers or builders who need to cover some costs before receiving long-term, home-construction funding. These are typically one-year loans that have higher down payments and interest rates than traditional mortgage loan options.  If you’re struggling to find the right existing home and opt for a construction loan in the greater Raleigh area, let us help you find the best program for your needs. 

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Mortgage Pre-qualification Click to open answer

Mortgage pre-qualification is the first step in the home loan process. Pre-qualification determines how much you can borrow to buy a home. The bank or lender will review your income and financial situation to get a general idea.  Save time and be ready to close once you find that perfect home by letting us get your pre-qualified for a mortgage in the Raleigh/Durham area. 

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