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Is it hard to obtain financing for real estate purchases on Hatteras Island?

April 26, 2017financing hard hatteras Island obtain purchases Real Estate

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Is it hard to obtain financing for real estate purchases on Hatteras Island?

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A. For qualified buyers, financing is readily available through a wide selection of lenders. At the beginning of the year, 30 year fixed rate mortgages were available in the 5.625% range with the payment of one point or less. 20-year mortgages were being offered at 5.0%.