First-time homebuyer family moving into new home purchased with a Civic mortgage.

Mortgage Overview

Find your match for a mortgage loan to build equity and financial strength, and unlock your homebuyer era.

Calculate

See how much you can afford, first-time homebuyer or not

Stable

Choose a fixed-rate mortgage for payments that stay the same

Flexible

Select an adjustable-rate mortgage for more flexibility, lower rates

Our best mortgage loans for homebuyers

As you watch current home mortgage rates, now is the time to learn about the different types of mortgage loans.¹ That information can help you move from a homebuyer to a homeowner, when the time is right for you. Most important, use a mortgage calculator to determine a realistic budget and to estimate your mortgage payment.

Our teams are ready to help you with any of our three mortgage loans. An Adjustable-Rate Mortgage can be helpful if you plan to own the home for a short period of time. Your mortgage rate starts fixed and then adjusts for the remainder of the mortgage loan. A Civic Fixed-Rate Mortgage gives you predictable payment amounts that stay the same for the entire mortgage loan term. And if you have not owned a home in the past 3 years, a First-Time Homebuyer Mortgage from Civic could be helpful with no down payment requirement and special mortgage programs too. Find your match and enter your homebuyer era.

Fixed-Rate Mortgage

Home mortgage, no surprises

Choose fixed 15-year or 30-year term
Up to 97% financing for second home purchases, refinances
Mortgage professionals to guide your process
Up to 80% financing for cash-out refinances

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Adjustable-Rate Mortgage

Powerful homebuying

Credit union ARM rate is fixed for first 5 or 10 years, then adjusts
No early payoff penalties
ARM interest rate cap limits rate increases
Must be a Civic member to apply

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Civic member gardening with his daughter knowing they are getting the best rate on their mortgage.

Mortgage Refinance

A Civic Mortgage Refinance can save you money on an existing mortgage loan from any financial institution by giving you lower rates, lower payments and a faster payoff.

Single-family primary homes: Up to 97% in financing
Second homes: Up to 90% in financing
Cash-out refinancing: Up to 80% in financing
Refinance home mortgages from other financial institutions

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Couple standing in front of their new home thanks to Civic Credit Union's first-time homeowners loan.

First-time Homebuyer Loan

The Civic First-time Homebuyer Loan gives you special terms and flexible options to help you enter your homeowner era!

First-time homebuyer loan with no down payment required
Applicant is not a homeowner (for past 3 years or ever!)
Get up to 97% financing, lower up-front costs
Choose a fixed or adjustable-rate mortgage (ARM)

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Home Equity Line of Credit

Tap into home equity

Maximum HELOC loan is $250,000
Property must be in NC, SC, VA or GA
Loan-to-value (LTV) up to 90%
Use the app or online banking for advances from your home equity line of credit

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A family welcoming service woman to their new Home financed by Civic Credit Union.

Mortgage Programs

Special mortgage programs can help take some stress out of homebuying. They add value to your homeownership experience by keeping it affordable.

Community Partners Product
Federal Housing Administration (FHA) Loan
Department of Veterans Affairs (VA) Loan

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Visit the Mortgage Center

We've partnered with the Credit Union Mortgage Association (CUMA) for a streamlined homebuying process. Apply online through the Mortgage Center and a CUMA agent will reach out to you to talk next steps to prequalification.

For the best member experience, use the Mortgage Center with a computer.

Civic percent graphic to help find the best rate for your mortgage.

1. Find your rate

Civic graphic that shows how easy it is to apply for a mortgage.

2. Apply online

3. Talk with an agent

You know the details matter (and you are in good company)

Here are a few FAQs

What is a 5/1 ARM?

A 5/1 ARM is one type of adjustable-rate mortgage. The 5 refers to the length of the fixed-rate period which is the first five years. The "1" is how often the interest rate may adjust after that which is once per year.

Can I prequalify for a mortgage online?

Once you apply for a loan through the Mortgage Center, a CUMA agent will contact you to discuss the next steps to prequalification.

What is an escrow account?

It’s an account held by your mortgage service provider that holds money from your monthly mortgage payments to pay your taxes and insurance when they are due.

What is cash-out refinancing?

This is where you get a mortgage loan for more than you currently owe on your home. The difference between the new, refinanced mortgage and the balance on your previous mortgage goes to you as cash at closing.

Is a fixed-rate mortgage better than an adjustable-rate mortgage?

Your needs will determine which one will best fit your unique circumstances. A fixed-rate mortgage has predictable payments for the entire term of your mortgage loan. An adjustable-rate mortgage (ARM) starts off as fixed and moves to a variable – meaning a changing rate. An ARM option can be helpful for short-term ownership, but your specific needs will help inform your decision.

How do I pay my property tax?

Each month, when you make your monthly mortgage payment, your lender will take a portion of that money and put it in your escrow account. Your mortgage servicer will hold that money until your property taxes and insurance are due.

View All FAQs

1 All mortgage loans are subject to approval and to credit union underwriting standards. Loan product, availability and terms are subject to change.