Located in the central portion of the state lay the city of Durham, NC. Durham, NC was originally founded on April 10, 1869 and since that time more than 223,000 people have decided to call the city home. While some opt to rent the roofs overhead, other prefer pursing their version of the American Dream of homeownership within the 94.9 square miles of property that comprise the city. Home shoppers who have banked a sizable down payment and have great credit history can rely on Mortgage Marvel to assist.

Historically, Durham, NC has relied on the tobacco industry to generate wealth and fund city development. That lineage came courtesy of the Duke family headed up by patriarch Washington. The Dukes grew all the tobacco on a single farm that became American Tobacco and eventually had a stronghold on about 90 percent of the nations cigarette production through the second half of the 19th century. Profits from that industry were used to make a large donation to a local college which was later renamed Duke University to honor the benefactors (circa 1924). The school is now a private research university boasting 8,610 acres of land and a student body of around 14,000 consisting of both undergraduate and graduate students. While some students may want to return home after earning their degrees, others may opt to stay in town, buy a home and start a family. For those interested in the Durham, NC real estate market, Mortgage Marvel can provide the mortgage rates needed to fund the dream.

Overall Durham, NC home values are slightly higher than the rest of the state, but those who plan properly can accomplish their dreams of owning property in town. Buying a home requires budgeting and properly organizing finances to prepare for the best and the worst case scenarios. Home shoppers who have banked substantial down payment amounts and have a credit score of at least 740 are entitled to the best mortgage interest rates and Mortgage Marvel can quickly provide the accurate information required.