Find Your Happy Place

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.

Do you have any questions? Contact our Mortgage Loan Team.

mortgages@ctelco.org

2021-Mortgage-Awareness-Web-Banner-and-E-Newsletter
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 (excludes "cash-out" refinance)
  • No PMI (Private Mortgage Insurance) required
  • Competitive rates
  • Use to purchase or refinance a primary residence

Fixed Rate-First Mortgages*

TermInterest Rate as low as*APR as low as*Downpayment as low as*PMI
10-Year Fixed 2.63% 2.66% 5% None
15-Year Fixed 2.88% 2.92% 5% None
30-Year Fixed 3.38% 3.43% 5% None

30-Year, 5/1 Adjustable Rate Mortgage*

  • Up to 95% financing available (excludes "cash-out" refinance)
  • 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*

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 3.06% 3.10% 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*

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 4.16% 4.24% 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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