Fixed Rate Mortgages

The credit union offers Fixed Rate Mortgage products to purchase or refinance your primary residence for members who reside in and for properties located in North Carolina only. The maximum loan amount, as it relates to the property value or the purchase price and interest rate, depend on many factors including the purpose of the loan, the type of loan, 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 property tax and insurance premiums that will be due. The funds are placed in an escrow account until needed and earn dividends equal to the share account rate.

  • Available only for the purchases or refinances of primary residences
  • Origination fee 1.00% of loan amount
  • No application fees or credit report fees
  • Private mortgage insurance is not required
  • Home inspections required on all loans with a loan-to-value greater than 80%. Member is responsible for inspections costs.
  • Property must be located in North Carolina
  • Maximum loan amount of $125,000
  • For purchases, maximum financing and loan-to-value financing tier determined based on the lesser of the sales price or appraised value. Member is responsible for appraisal cost.
  • Up to 90% financing1 available for purchases and refinances2 of primary residences only
  • Cash out refinances2 are allowed on primary homes, not to exceed 80% loan-to-value, with maximum cash out of $50,000.
  • Maximum of three properties may be financed with the credit union; with one primary, one investment and one second home
  • Only one mortgage loan may be greater than an 80% loan to value (LTV)
  • Homeowners’ counseling is always required unless the members have owned a home in the preceding 24 months
  • Initial rates subject to change daily

Compare Rates and Payments

Use our rates calculator to compare mortgage options and receive a personalized monthly payment estimate.

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1 For a purchase, the member must always contribute a down payment of the greater of either: (i) $5,000 or (ii) 5% of the lesser of the purchase price or appraised value.
2 Cash out is defined as any funds that exceed the balances owed on the first and/or second mortgages being paid off, plus closing costs.

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