Charlotte Home Mortgage Expert

Helping you and your family achieve the dream of homeownership.

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Michael Bogar

Michael Bogar

Producing Branch Manager

(704) 659-2675
NMLS #49843

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Which Home Loan is Right for You?

3 of the most popular Charlotte home loans we provide here at Mid America Mortgage Charlotte are listed below. We've highlighted just a few of the key differentiators between these mortgage types that will help you understand which one may be best suited for your needs. If you'd like to learn more about all the Charlotte home mortgage products we offer, please click below.

Conventional Home Loans Charlotte

Typically a fixed rate home loan that allows the borrower to eliminate mortgage insurance once they hold >20% equity in their property.

  • Lower Rates
  • Flexible Terms
  • Fixed or Adjustable
Conventional Loans

FHA Home Loans Charlotte

This home loan program allows down payments as low as 3.5% of the purchase price, although you are required to pay mortgage insurance.

  • Lower Credit Requirements
  • Smaller Down Payment
  • Competitive Rates
FHA Loans

VA Home Loans Charlotte

Reserved for those who serve our country. VA home loans offer 100% financing, low interest rates & don't require mortgage insurance.

  • 0% Down Payment
  • No Mortage Insurance
  • No Prepayment Penalties
VA Loans

Calculate Your Mortgage

$

5%

1%

5%

0%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Monthly PMI $0

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.
$

5%

1%

5%

$
$

$1421

Monthly FHA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Up-Front MIP (1.75%)$0

Monthly Mortgage Insurance $0

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.
$

0%

5%

1%

$
$

$1421

Monthly VA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Purchase Price $1421

VA Funding Fee $1421

Amount Financed $1421

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.

What's Your Home Worth?

How to Properly Remove Bad Smells from Your House January 24, 2025

How to Properly Remove Bad Smells from Your House

Bad smells in the home can make even the most beautifully decorated space feel unwelcoming. Whether it’s the lingering scent of last night’s dinner, pet odors, or a mysterious musty smell, tackling odors effectively requires a mix of strategies. Here are some tried-and-true methods, as well as newer ideas and innovative products to help you […]

Mortgage Options Explained January 17, 2025

Mortgage Options Explained

When considering purchasing a home, it’s essential to understand the various mortgage options available to you. Each type of mortgage caters to different financial situations and preferences. Here’s an overview to help you navigate your choices: Fixed-Rate Mortgages (FRMs) With a fixed-rate mortgage, the interest rate remains constant throughout the loan term. This stability ensures […]

Transform Your Backyard into an Inviting Oasis January 10, 2025

Transform Your Backyard into an Inviting Oasis

Your backyard is more than just a patch of grass—it’s an extension of your home and a space that can provide relaxation, entertainment, and even a little escape from the daily grind. With a few easy upgrades, you can transform your outdoor area into a cozy, functional retreat that friends and family will love. Here […]

Maximize Your Home’s Sale Price in 2025 January 3, 2025

Maximize Your Home’s Sale Price in 2025

Tips for Success If you’re planning to sell your house this year, you’re probably hoping to maximize your sale price. The good news is that even in a competitive market, there are proven strategies to boost your home’s value and appeal to potential buyers. From strategic updates to smart staging, here are actionable tips to […]

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Contact Michael Bogar

Michael Bogar - Producing Branch Manager

NMLS# 49843

(704) 659-2675

1300 Baxter Street, Suite 259 Charlotte, NC 28204

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