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Fixed Rate Mortgages

The Credit Union offers fixed rate mortgages to purchase or refinance primary residences, second homes and rental properties for members who reside in and for properties located in North Carolina, South Carolina, Virginia, Georgia or Tennessee unless further restricted as outlined below. The maximum loan amount and interest rate depends on many factors including the purpose of the loan, the type of mortgage, number of dwelling units, and occupancy status. Private mortgage insurance is not required on any of our fixed rate mortgages. Funds are collected with each payment, in addition to your principal and interest payment, to allow for the disbursement of the estimated annual tax and insurance premiums that will be due. These funds are placed in an escrow account until needed and earn dividends equal to the share account rate.


3 Ways to Request a Fixed Rate Mortgage Loan
  1. Request at your local branch Loan Information Checklist
  2. Request via Member Access
  3. Request with our Contact Center (open 24 hours): (888) 732-8562 or (919) 857-2150

Specifications


Year Term

Fixed rate of % ( % APR1) with 90% or less loan-to-value Calculate Monthly Payment  Calculate Biweekly Payment
Fixed rate of % ( % APR1) with 90.1% - 100% loan-to-value Calculate Monthly Payment  Calculate Biweekly Payment

Year Term

Fixed rate of % ( % APR1) with 90% or less loan-to-value Calculate Monthly Payment  Calculate Biweekly Payment
Fixed rate of % ( % APR1) with 90.1% - 100% loan-to-value Calculate Monthly Payment  Calculate Biweekly Payment
  • 100% financing2 available for purchases and no cash out refinances of primary residences
  • 90% financing available for purchases or refinances of primary residences
  • Up to 90% financing available for a second home. Only one second home per member is eligible for financing
  • Up to 80% financing available for a rental property. Refinances are further limited to the existing indebtedness on the property. Each member can finance one rental property.
  • Manufactured Homes can typically serve as collateral but must be the primary residence of the borrower (See Special Mortgage Programs for additional details)
  • Origination fee .75% of loan amount (cap of $1,500)
  • No application fees or credit report fees
  • Private mortgage insurance is not required
  • Monthly and biweekly repayment options available on new loan originations
  • Rates subject to change daily
  • Application Rate may be reserved for 60 days
1 APR = Annual Percentage Rate
2 100% financing up to a maximum loan of $400,000.
*Quoted rates, dividends, annual percentage yields (APY) and rates (APR) are subject to change daily at the discretion of the Board of Directors.