About Raleigh Home Loans
Monarch Mortgage, operating through the dedicated Arkell Barnes Mortgage Team, is a direct lender based in Raleigh, North Carolina. They specialize in a comprehensive range of home loan options tailored to diverse borrower needs within the state. Their offerings span from conventional and government-backed programs (FHA, VA, USDA) to specialized jumbo loans for higher-value properties.
A key distinguishing feature of Monarch Mortgage is their innovative "Home Loan Gateway" program. This unique offering is specifically designed to assist borrowers who have faced past financial challenges, such as bankruptcy or foreclosure, enabling them to secure home financing when traditional avenues might be closed. This commitment to serving a broader spectrum of homeowners underscores their flexible and inclusive lending philosophy.
The Arkell Barnes Mortgage Team at Monarch Mortgage prides itself on a streamlined loan process, leveraging online applications and rate quote tools to enhance efficiency. They are focused on providing personalized service and expertise to guide borrowers through every step of their homeownership journey, from first-time buyers exploring government options to experienced homeowners seeking jumbo financing.
A key distinguishing feature of Monarch Mortgage is their innovative "Home Loan Gateway" program. This unique offering is specifically designed to assist borrowers who have faced past financial challenges, such as bankruptcy or foreclosure, enabling them to secure home financing when traditional avenues might be closed. This commitment to serving a broader spectrum of homeowners underscores their flexible and inclusive lending philosophy.
The Arkell Barnes Mortgage Team at Monarch Mortgage prides itself on a streamlined loan process, leveraging online applications and rate quote tools to enhance efficiency. They are focused on providing personalized service and expertise to guide borrowers through every step of their homeownership journey, from first-time buyers exploring government options to experienced homeowners seeking jumbo financing.
Company Information
Lender Type: Direct Lender
Headquarters: Raleigh, NC
Licensed In
NC
Certifications & Credentials
FHA ApprovedVA ApprovedUSDA Approved
Digital Capabilities
Online Application
Digital Document Upload
Rate Calculator
Pre-Qualification Tool
Home Loan Products
Jumbo Loan Options
Loan Types:
JumboRefinance
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Credit Tiers:
Excellent (740+)Good (680-739)
20%
Min Down Payment
Conventional Mortgage Loans
Loan Types:
ConventionalRefinance
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoMulti-Family (2-4 units)
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Special Programs:
HomeReady ProgramHome Possible Program
Credit Tiers:
Excellent (740+)Good (680-739)
5%
Min Down Payment
95%
Max LTV
681
Min Credit Score
Government Programs
Loan Types:
FHAVAUSDA
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Special Programs:
First-Time HomebuyerVeteran Program
Home Loan Gateway
Loan Types:
Non-QM
Rate Types:
Fixed RateAdjustable Rate (ARM)Hybrid ARM
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Available Terms:
30 years5 years
Credit Tiers:
Poor (580-619)Fair (620-679)Good (680-739)
599
Min Credit Score
Contact Information
900 Ridgefield Dr
Raleigh, NC 27609
US
Mailing Address:
6131 Falls of Neuse Road, Suite 101 Raleigh, North Carolina 27609
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Business Information
Category: Mortgage Lender
Location: Raleigh, NC
Status: Standard
Type: Direct Lender
NMLS ID: 448992
Profile Views: 1
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