Durham County
Mortgages in Durham
Durham combines Duke University, a large medical employment base and the western end of Research Triangle Park. Its housing stock is unusually varied, which makes the choice of loan program matter more here than in most of the Triangle.
Buying in Durham
The revitalised downtown and historic tobacco district sit alongside long-established residential neighbourhoods and newer development towards RTP. That range means a buyer might be financing a century-old bungalow or a two-year-old townhouse within the same search.
What to watch for as a buyer here
- Older housing stock is common, and renovation financing is worth understanding before you fall for a house that needs work.
- Property condition can affect which programs are available, since FHA holds properties to stricter appraisal standards than conventional.
- Multi-unit properties appear more often here than elsewhere in the Triangle, and can be financed with as little as FHA allows if you live in one unit.
Which loans tend to fit
Conventional and FHA both work well. Buyers looking at homes needing work should ask about renovation options rather than assuming a standard loan will close on the property.
Also serving
Triangle Mortgage lends on North Carolina property. If your town is not listed, it does not mean we cannot help — call and ask.
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