Mortgage lender in Buncombe County, NC

Buying in Buncombe County

Buncombe County, with its county seat in Asheville, also takes in Black Mountain, Weaverville, Woodfin, Fairview and Candler. Buncombe County files are handled by Steve Umansky, Sr. Branch Manager, NMLS #61764, who is licensed in North Carolina, from our Southampton, PA office.

2026 conforming limit

$832,750

2026 FHA limit

$541,287 (one-unit, set by HUD)

Above the conforming limit

Jumbo pricing

Closing commonly handled by

closing attorney

State housing agency

North Carolina Housing Finance Agency (NCHFA) (general information; not a participating lender)

Your officer

Steve Umansky, NMLS #61764

2026 limits for a one-unit property. Buncombe County is not designated a high-cost area for conforming loans, so the national baseline of $832,750 applies. Sources: FHFA conforming loan limit values and HUD FHA mortgage limits.

Buncombe County: Asheville and the mountains

Mountain property has its own questions. Many homes are on steep lots reached by private or shared roads, which a lender needs a maintenance agreement for, and most outside the city use a well and a septic system. Along the French Broad and Swannanoa rivers, flooding has been severe, so we order the flood determination before anything else.

Asheville draws many second-home and retirement buyers, and some properties are bought to rent by the night. A primary residence, a second home and a rental are three different loans, and local rules limit short-term rentals in much of the city, so tell us how you will use the home. Prices are high for western North Carolina.

Buncombe County by the numbers

Median home value

$391,800 (Census Bureau, ACS 2020–2024, table B25077)

Typical property tax

About 0.57% of home value a year: median tax bill $2,222 on a median value of $391,800 (Census Bureau, ACS 2020–2024, table B25103)

Transfer tax

Excise tax of $1 per $500 of the price, paid by the seller (N.C.G.S. § 105-228.30)

Largest communities

Asheville, Black Mountain, Woodfin, Swannanoa (Census Bureau, ACS 2020–2024, table B01003)

The county median home value is $391,800. The 2026 one-unit conforming loan limit here is $832,750 and the FHA limit is $541,287.

Census figures are survey estimates for owner-occupied homes, not appraisals or tax quotes. We use the actual tax bill for the property when we quote.

Closing and programs in North Carolina

Closings in North Carolina are typically handled by a closing attorney. The closing process, state transfer and recording taxes and first-time buyer programs are covered on the North Carolina page. Property taxes are set locally; we take the figure from the tax record for the address.

Questions Buncombe County buyers ask

North Carolina notice. Stellar Mortgage Corporation, NMLS #2190975. Verify at NMLS Consumer Access.

Limits shown are the 2026 FHFA and HUD figures for Buncombe County. Loan limits, tax rates and agency programs are set by third parties and change. Not a commitment to lend.