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Borrowing Funds For Home In North Carolina Struggles
In Raleigh area lenders say the 8 percent cap on residential loans due to North Carolina's 1969 General Assembly has dried up funding sources. FHA and VA loans remain viable but costly, while savings and loan funds shrink as deposits shift to higher yielding investments, raising home financing difficulty for buyers.
MENTIONED IN THIS ARTICLE
Raleigh
Prospect and Loan Association
North Carol
General Assembly
North Carolina
Savings and Loan Association
FHA
Savings and
Joseph J. Long
The
Raleigh Savings
John A. Fogarty
Federal Home Loan Bank of
Greensboro
Roger Earnhardt
Cam
Eron Brown
Earnhardt
Homer Barrett
Fayetteville
North Carolina Home Builders Association
Herbert W. Wentworth
North Carolina Savings and Loan League