Loan Rates

Check Out Our Competitive Rates

The rates appearing here are accurate as of the effective date: September 19, 2024. If you have any questions or wish to request specifics on rates, terms and additional information, please call the Credit Union at 1-704-391-5600 or 1-800-622-5305. Rates are subject to change without notice. The Annual Percentage Rate you receive may vary, based on certain individual creditworthiness criteria. If you have a loan with us, you will receive specific agreements and disclosures at the time of application and/or closing of the loan that are applicable to your specific loan.

New Auto Loans

Term	APR as low as *
12-48 Months	4.75%
60 Months	5.25%
72 Months	5.75%
84 Months	6.00%

Used Auto Loans

Used vehicles must be within 8 model years old, including the current year, with 100,000 miles or less.

Term	APR as low as*
12-48 Months	5.25%
60 Months	5.75%
72 Months	6.25%

Extended Age and Mileage Used Auto Loans

Used vehicles that do not exceed 150,000 miles and that meet at least one of the following: 9 to 12 model years old or mileage over 100,000 miles.

Term	APR as low as*
12-48 Months	9.20%
60 Months	9.70%

Used vehicles must not exceed 150,000 miles and meet at least one of the following: 9-12 model years old (including current model year) or mileage over 100,000 miles. All approved loans for 11 and 12 year old vehicles will incur an additional 0.50% APR increase in the interest rate.

Motorcycle, Boat, Motor Home, Travel Trailer, ATV, Jet Ski

MAX LOAN TERMS - Motor Home/Travel Trailer - up to 120 months | Boats - up to 96 months | Jet Ski/Wave Runner - up to 84 months | Motorcycle - up to 84 months

Term	APR as low as*
36 months	8.00%
48 months	8.25%
60 months	8.50%
72 months	9.25%
84 months	10.00%
96 Months	10.75%
120 months	11.50%

Visa Platinum Cash Back Credit Card

Credit Card	Term	APR as low as*
Rewards Option with 2% Cash Back**	Terms may vary	15.70%
Low Rate Card	Terms may vary	14.70%

Other Loans

Loan	Term	APR as low as*
Line of Credit	Terms may vary	10.85%
Personal Loan	Terms may vary	8.99%

Share Secured

Term	APR as low as*
Up to 24 months	3.50%
25 to 48 months	4.00%
49 to 72 months	4.50%
73 to 84 months	5.00%

Fixed Rate-First Mortgages*

Term	Interest Rate as low as*	APR as low as*	Downpayment as low as*	PMI
10-Year Fixed	5.25%	5.39%	5%	None
15-Year Fixed	5.50%	5.65%	5%	None
30-Year Fixed	6.00%	6.18%	5%	None

Mortgage Disclosures

Fixed Rate First Mortgage:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. Mortgage loans are available in 10, 15, and 30-year terms. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
30 Year 5/1 Adjustable Rate:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap, above the initial note rate.
30 Year 5/1 Adjustable Rate for First-Time Homebuyer:
This loan allows qualified first‐time homebuyers with 2 years of consecutive job history to purchase a home as a primary residence. Maximum loan amount is $200,000 and a minimum credit score of 600 is required. For qualified borrowers, the maximum loan amount will be up to 97% of the sales price or appraisal value, whichever is less. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap above the initial note rate.
Investment Property:
The property may be a single-family, condominium, townhouse, or up to four apartment units. The maximum number of active investment property loans with CTFCU is limited to only two. Primary residences are excluded from this product. For qualified borrowers, the maximum loan amount will be up to 80% of the sales price or appraisal value, whichever is less. This loan product requires a minimum credit score of 640. NO PMI (Private Mortgage Insurance) required. Mortgage loans are available in 10, 15, and 30-year terms. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
Applies to all CTFCU Mortgage Products:
The rates appearing here are accurate as of the effective date: September 19, 2024. All terms and conditions are subject to change without notice. All mortgage loans require an interior appraisal by a licensed appraiser. The dwelling may be of conventional construction or a modular home and must be completed and ready for occupancy prior to closing. Construction loans are not available. This loan is not available for manufactured housing. A CONTRACT TO PURCHASE is required for all first mortgage loans unless refinanced. THIS LOAN IS NOT ASSUMABLE. Call 1-800-622-5305. The actual rate and terms you receive may vary based on individual creditworthiness and loan to value determination of the subject property. Real estate Loans are only available for homes in North Carolina or South Carolina and are subject to credit approval. CTFCU-NMLS# 402929

If you have any questions or wish to request a Rate and Fee Sheet with terms and additional information, please call the Credit Union at 1-704-391-5600 or 1-800-622-5305. Rates are subject to change without notice. Fees may reduce the earnings on some accounts. All services, such as loans, credit cards and checking accounts, are subject to approval.

30-Year, 5/1 Adjustable Rate Mortgage*

Term	Interest Rate as low as*	APR as low as*	Downpayment as low as*	PMI
5/1 Adjustable Rate Mortgage available in a 30-year term	4.85%	4.97%	5%	None

Mortgage Disclosures

Fixed Rate First Mortgage:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
30 Year 5/1 Adjustable Rate:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap, above the initial note rate.
30 Year 5/1 Adjustable Rate for First-Time Homebuyer:
This loan allows qualified first‐time homebuyers with 2 years of consecutive job history to purchase a home as a primary residence. Maximum loan amount is $200,000 and a minimum credit score of 600 is required. For qualified borrowers, the maximum loan amount will be up to 97% of the sales price or appraisal value, whichever is less. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap above the initial note rate.
Investment Property:
The property may be a single-family, condominium, townhouse, or up to four apartment units. The maximum number of active investment property loans with CTFCU is limited to only two. Primary residences are excluded from this product. For qualified borrowers, the maximum loan amount will be up to 80% of the sales price or appraisal value, whichever is less. This loan product requires a minimum credit score of 640. NO PMI (Private Mortgage Insurance) required. Mortgage loans are available in 10, 15, and 30-year terms. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
Applies to all CTFCU Mortgage Products:
The rates appearing here are accurate as of the effective date: September 19, 2024. All terms and conditions are subject to change without notice. All mortgage loans require an interior appraisal by a licensed appraiser. The dwelling may be of conventional construction or a modular home and must be completed and ready for occupancy prior to closing. Construction loans are not available. This loan is not available for manufactured housing. A CONTRACT TO PURCHASE is required for all first mortgage loans unless refinanced. THIS LOAN IS NOT ASSUMABLE. Call 1-800-622-5305. The actual rate and terms you receive may vary based on individual creditworthiness and loan to value determination of the subject property. Real estate Loans are only available for homes in North Carolina or South Carolina and are subject to credit approval. CTFCU-NMLS# 402929

First-Time Homebuyer Program: 30-Year, 5/1 Adjustable Rate Mortgage*

Term	Interest Rate as low as*	APR as low as*	Downpayment as low as*	PMI
5/1 Adjustable Rate Mortgage available in a 30-year term, for First Time Home Buyers	7.10%	7.36%	3%	None

Mortgage Disclosures

Fixed Rate First Mortgage:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
30 Year 5/1 Adjustable Rate:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap, above the initial note rate.
30 Year 5/1 Adjustable Rate for First-Time Homebuyer:
This loan allows qualified first‐time homebuyers with 2 years of consecutive job history to purchase a home as a primary residence. Maximum loan amount is $200,000 and a minimum credit score of 600 is required. For qualified borrowers, the maximum loan amount will be up to 97% of the sales price or appraisal value, whichever is less. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap above the initial note rate.
Investment Property:
The property may be a single-family, condominium, townhouse, or up to four apartment units. The maximum number of active investment property loans with CTFCU is limited to only two. Primary residences are excluded from this product. For qualified borrowers, the maximum loan amount will be up to 80% of the sales price or appraisal value, whichever is less. This loan product requires a minimum credit score of 640. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
Applies to all CTFCU Mortgage Products:
The rates appearing here are accurate as of the effective date: September 19, 2024. All terms and conditions are subject to change without notice. All mortgage loans require an interior appraisal by a licensed appraiser. The dwelling may be of conventional construction or a modular home and must be completed and ready for occupancy prior to closing. Construction loans are not available. This loan is not available for manufactured housing. A CONTRACT TO PURCHASE is required for all first mortgage loans unless refinanced. THIS LOAN IS NOT ASSUMABLE. Call 1-800-622-5305. The actual rate and terms you receive may vary based on individual creditworthiness and loan to value determination of the subject property. Real estate Loans are only available for homes in North Carolina or South Carolina and are subject to credit approval. CTFCU-NMLS# 402929

Home Equity

Term	APR as low as*
Terms may vary	8.50%

Fixed Rate-Investment/Vacation Property*

Up to 80% of Purchase Price or Appraised Value, Whichever is Less

Term	Interest Rate as low as*	APR as low as*	Downpayment as low as*	PMI
10-Year Fixed	5.88%	6.05%	20%	None
15-Year Fixed	6.13%	6.32%	20%	None
30-Year Fixed	6.63%	6.85%	20%	None

Mortgage Disclosures

Fixed Rate First Mortgage:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. Mortgage loans are available in 10-year, 15-year, and 30-year terms. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
30 Year 5/1 Adjustable Rate:
This loan allows qualified borrowers to purchase a home as a primary residence. For qualified borrowers, the maximum loan amount for purchases will be up to 95% of the sales price or appraisal value, whichever is less. The maximum allowable loan amount for “cash-out” refinancing will be up to 85% of the home’s appraised value. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap, above the initial note rate.
30 Year 5/1 Adjustable Rate for First-Time Homebuyer:
This loan allows qualified first‐time homebuyers with 2 years of consecutive job history to purchase a home as a primary residence. Maximum loan amount is $200,000 and a minimum credit score of 600 is required. For qualified borrowers, the maximum loan amount will be up to 97% of the sales price or appraisal value, whichever is less. NO PMI (Private Mortgage Insurance) required. *Interest Rate: The initial interest rate is based on the borrower’s credit score and loan to value of the subject property. Subsequent rate changes are determined by adding a margin to the index (1-Year Constant Maturity Treasury Yield) made available by the Federal Reserve Board. There will be a 2% annual interest rate adjustment cap and a 6% life interest cap above the initial note rate.
Investment Property:
The property may be a single-family, condominium, townhouse, or up to four apartment units. The maximum number of active investment property loans with CTFCU is limited to only two. Primary residences are excluded from this product. For qualified borrowers, the maximum loan amount will be up to 80% of the sales price or appraisal value, whichever is less. This loan product requires a minimum credit score of 640. NO PMI (Private Mortgage Insurance) required. Mortgage loans are available in 10-year, 15-year, and 30-year terms. *Interest Rate: The interest rate is based on the borrower(s) credit score and is fixed for the life of the loan.
Applies to all CTFCU Mortgage Products:
The rates appearing here are accurate as of the effective date: September 19, 2024. All terms and conditions are subject to change without notice. All mortgage loans require an interior appraisal by a licensed appraiser. The dwelling may be of conventional construction or a modular home and must be completed and ready for occupancy prior to closing. Construction loans are not available. This loan is not available for manufactured housing. A CONTRACT TO PURCHASE is required for all first mortgage loans unless refinanced. THIS LOAN IS NOT ASSUMABLE. Call 1-800-622-5305. The actual rate and terms you receive may vary based on individual creditworthiness and loan-to-value determination of the subject property. Real estate Loans are only available for homes in North Carolina or South Carolina and are subject to credit approval. CTFCU-NMLS# 402929

If you have any questions or wish to request a Rate and Fee Sheet with terms and additional information, please call the Credit Union at 1-704-391-5600 or 1-800-622-5305. Rates are subject to change without notice. Fees may reduce the earnings on some accounts. All services, including deposit accounts and loans, are subject to approval.

General Loan Disclosures

All terms and conditions are subject to change without notice. For online loan requests, we'll contact you within one business day to complete all necessary loan paperwork and to discuss the method for disbursing your funds, if approved. For some loans, we offer the option to sign your loan documents electronically. You must be a current member of Carolinas Telco Federal Credit Union (CTFCU) to be eligible for a loan or credit card. If you have a current CTFCU Visa® Platinum Credit Card and want to switch to the CTFCU Visa® Platinum Low Rate Credit Card, select that credit card on the application.

The terms of repayment, which reflect the repayment obligations over the full term of the loan, including any balloon payment. A payment example: For a loan of $50,000, having a 5-year (60 months) term, at an interest rate of 3.50%, would translate into a principal and interest payment of $18.19 each month for every $1,000 borrowed.

All services including loans, credit cards, and checking accounts are subject to approval. * APR = Annual Percentage Rate. The rates appearing here are accurate as of the effective date: September 19, 2024. All terms and conditions are subject to change without notice. The Annual Percentage Rate you receive may vary, based on certain individual creditworthiness criteria. Currently, our rates range from the rates shown, up to 18.00%. For information regarding the rate you may qualify for, contact the credit union at 1-800-622-5305. All accounts and loans are subject to approval.

View Savings Rates

See our list of fees for specific products and services.

Check Out Our Competitive Rates

New Auto Loans

Used Auto Loans

Extended Age and Mileage Used Auto Loans

Motorcycle, Boat, Motor Home, Travel Trailer, ATV, Jet Ski

Visa Platinum Cash Back Credit Card

Other Loans

Share Secured

Fixed Rate-First Mortgages*

30-Year, 5/1 Adjustable Rate Mortgage*

First-Time Homebuyer Program: 30-Year, 5/1 Adjustable Rate Mortgage*

Home Equity

Fixed Rate-Investment/Vacation Property*

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