Mortgage origination fees are as low as 0% through our CTFCU Stimulus Plan. View the list of ways that we are providing assistance to our members.

Make Your Dream Home a Reality

With a variety of options to choose from, Carolinas Telco Federal Credit Union (CTFCU) is dedicated to helping you make the dream of homeownership a reality. CTFCU mortgages can be used to purchase or refinance your home. To learn more about applying for a mortgage, call us at 1-800-622-5305 or email us at mortgages@ctelco.org

To get started, simply click the Apply Now or Prequalification buttons below.

Couple in front of new house holding keys
Are you ready to submit your mortgage application?
Do you need assistance in determining how much home you can afford?

Fixed Rate First Mortgages*

Choose between a 10-Year, 15-Year, and 30-Year Fixed Rate Mortgage. This loan maintains the same rate throughout the term of the loan.

  • Up to 95% financing available
  • No PMI (Private Mortgage Insurance) required
  • Competitive rates
  • Use to purchase or refinance a primary residence

Fixed Rate-First Mortgages*

Up to 95% of Purchase Price or Appraised Value, Whichever is Less

TermInterest Rate as low as*APR as low as*Downpayment as low as*PMI
10-Year Fixed 2.50% 2.53% 5% None
15-Year Fixed 2.75% 2.79% 5% None
30-Year Fixed 3.25% 3.30% 5% None

30-Year, 5/1 Adjustable Rate Mortgage*

  • Up to 95% financing available
  • No PMI (Private Mortgage Insurance) Required
  • 30-year term available, with no rate adjustment for the first 5 years**
  • Competitive Rates
  • Use to purchase or refinance a primary residence

** Index is determined by the 1 Year Constant Maturity Treasury Yield made available by the Federal Reserve Board.

30-Year, 5/1 Adjustable Rate Mortgage*

The loan will begin with a low, constant rate, and then adjust upward or downward regularly according to an index: determined by the 1 Year Constant Maturity Treasury Yield made available by the Federal Reserve Board. Up to 95% financing available for qualified borrowers; No PMI (Private Mortgage Insurance) required; No rate adjustment during the first 5 years; Rate adjusted annually after first 5 years; Maximum annual rate adjustment: 2%; Maximum rate adjustment over the life of the loan: 6%. Index is determined by the 1 Year Constant Maturity Treasury Yield made available by the Federal Reserve Board.

TermInterest Rate as low as*APR as low as*Downpayment as low as*PMI
5/1 Adjustable Rate Mortgage available in a 30-year term 3.13% 3.18% 5% None

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

  • Up to 97% financing available
  • No PMI (Private Mortgage Insurance) Required
  • 30-year term available, with no rate adjustment for the first 5 years**
  • Maximum loan amount of $200,000
  • Minimum credit score of 600 required
  • Competitive Rates
  • Use to purchase a primary residence only

** Index is determined by the 1 Year Constant Maturity Treasury Yield made available by the Federal Reserve Board.

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

Allows First‐Time Homebuyers with 2 years of consecutive job history to purchase a new home as a primary residence. The loan will begin with a low, constant rate, and then adjust upward or downward regularly according to an index: determined by the 1 Year Constant Maturity Treasury Yield made available by the Federal Reserve Board. Up to 97% financing available for qualified borrowers; NO PMI (Private Mortgage Insurance) required; No rate adjustment during the first 5 years; Rate adjusted annually after first 5 years; Maximum annual rate adjustment: 2%; Maximum rate adjustment over the life of the loan: 6%. Index is determined by the 1 Year Constant Maturity Treasury Yield made available by the Federal Reserve Board.

TermInterest 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 4.23% 4.32% 3% None
Are you ready to submit your mortgage application?
Do you need assistance in determining how much home you can afford?
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