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.

Ready to submit your mortgage application?

If you have a HOME PURCHASE CONTRACT or want to REFINANCE YOUR EXISTING MORTGAGE, you are ready to begin.

Trying to determine the home purchase price you can qualify for?

We can help you find the right product for you.

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

mortgages@ctelco.org

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 2.50% 2.53% 5% None
15-Year Fixed 2.63% 2.66% 5% None
30-Year Fixed 3.25% 3.30% 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

Additional Features for First-Time Home Buyers

  • Up to 97% financing available
  • Maximum loan amount of $200,000
  • Minimum credit score of 600 required
  • Use for purchase of primary residence only

** 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 3.10% 3.14% 5% None
5/1 Adjustable Rate Mortgage available in a 30-year term, for First Time Home Buyers 4.20% 4.28% 3% None
Ready to submit your mortgage application?

If you have a HOME PURCHASE CONTRACT or want to REFINANCE YOUR EXISTING MORTGAGE, you are ready to begin.

Trying to determine the home purchase price you can qualify for?

We can help you find the right product for you.

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