Mortgage Loans

Mortgage Loans

Take the guesswork out of financing your new home. A mortgage loan from Uwharrie Bank ensures a smooth, hassle-free application process, competitive rates, low fees, and affordable monthly payments.

Decisions are made locally for a faster response.


Uwharrie Bank, NMLS# 447110


For extra convenience, you can authorize automatic loan payments from your checking or savings account. Once established, the payment will be deducted regularly from your account. This is a handy and worry-free way to be sure payments are always made on time!

* A tax advisor should be consulted regarding tax deductibility.

** Minimum original mortgage of $100,000 required for no fee Leadership Banking.

Uwharrie Bank, NMLS# 447110

Buying A Home

Decide what type of house is right for you, how much you plan to spend, improvements you want to make and what financing plan fits your needs. Buying a home can be a dream come true. Home ownership lets you build equity and has certain tax advantages. Here are some strategies for getting you in the door while avoiding common obstacles.

Call us today and speak with an experience mortgage originator who can help you with your options:

  • Toll Free (800) 438-6864
  • Albemarle Office (704) 983-6181
  • Concord Office (704) 262-3855
  • Wadesboro Office (704) 694-2122

1. Find a REALTOR® who you can relate to. Home buying is not only a big financial commitment, but also an emotional one. It's critical that the agent you choose is both skilled and a good fit with your personality.

2. Remember, there is no "right" time to buy, anymore than there is a right time to sell. If you find a home now, don't try to second-guess the interest rates or the housing market by waiting. Changes don't usually occur fast enough to make that much difference in price and a good home won't stay on the market long.

3. Don't ask for too many opinions. It's natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision.

4. Accept that no house is ever perfect. Focus in on the things that are most important to you and let the minor ones go.

5. Don't try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to "win" by getting an extra-low price may lose you the home you love.

6. Remember your home doesn't exist in a vacuum. Don't get so caught up in the physical aspects of the house itself – room size, kitchen – that you forget such issues as amenities, noise level, etc., which have a big impact on what it's like to live in your new home.

7. Don't wait until you've found a home and made an offer to get approved for a mortgage, investigate insurance availability and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers. Call (704) 983-6181 to speak with a mortgage originator and get approval for a mortgage loan.

8. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don't leave yourself short and let your home deteriorate.

9. Accept that a little buyer's remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits.

10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of more than 6 percent annually over the past three decades, a home's most important role is as a comfortable, safe place to live.

A REALTOR® identifies a real estate professional who is a member of the National Association of REALTORS®.

Uwharrie Bank, NMLS# 447110

Loan Officers

Uwharrie Bank Mortgage Loan Officers by Location:

Our friendly staff is here to help you with all your mortgage needs. We will use our expertise to find the right program for you.

Albemarle Office

Debbie Sheppard

167 N Second Street, Albemarle, NC 28001
Office: 704.991.1168
NMLS #447341

Apply Now! with Debbie

Albemarle East Office

Martha Hughes

800 NC 24-27 Hwy, Albemarle, NC 28001
Office: 704.991.1169
NMLS #1504568

Apply Now! with Martha

Charlotte Office

Mike Prickett

141 Providence Road, Charlotte, NC 28207
Office: 704.726.6999
NMLS #97524

Apply Now! with Mike

Michelle du Bois

141 Providence Road, Charlotte, NC 28207
Mobile: 980.521.6405
NMLS #325946

Apply Now! with Michelle

Stephen Bernhardt

141 Providence Road, Charlotte, NC 28207
Office: 704.991.2816 / Mobile: 704.408.6928
NMLS #1552430

Apply Now! with Stephen

Heather Tucker

141 Providence Road, Charlotte, NC 28207
Office: 704.991.2815 / Mobile: 704.293.1930
NMLS #730212

Apply Now! with Heather

Concord Office

Stephanie Harris

25 Palisade Drive, Concord, NC 28025
Office: 704.262.4852
NMLS #438076

Apply Now! with Stephanie

Uwharrie Bank, NMLS# 447110


Do I Qualify?

In order to qualify for a mortgage loan with Uwharrie Bank, four factors are taken into consideration:

Creditworthiness - A history of good credit and a positive credit rating are essential to obtaining a mortgage loan.

Repayment Ability - The sum of your loan principal, interest, taxes and insurance should generally not exceed 28% of your gross monthly income. In recent years these ratios have become much more liberal, taking into account a variety of factors to determine your repayment ability.

Marketability of Property - Uwharrie Bank will order an independent appraisal of the property you wish to finance. The appraisal is reviewed to ensure the property meets loan guidelines. In most cases, the value of the property should meet or exceed the property's sales price.

Sufficient Funds For Closing - The amount varies depending upon the loan program you choose.

What Kind Of Loans Can I Apply For?

Conventional Fixed-Rate Mortgages

We offer fixed-rate financing to fit your budget and financial goals. In most cases, the interest rate is established at the time of application. A fixed rate takes the guesswork out of your monthly mortgage payments. For your added flexibility, we offer terms from 10-30 years.

Uwharrie Bank, NMLS# 447110