Mortgage Revenue Bonds

The Credit Union has partnered with the North Carolina Housing Finance Agency (NCHFA) to offer low fixed-rate financing for your first-time home purchase.

• Fixed-rate mortgages for terms of 30 years are available at below market rates. The Credit Union only offers conventional fixed-rate mortgages through our partnership with NCHFA.
• Up to 100 percent financing can be obtained for the purchase of a primary residence in North Carolina.
• If you sell the home within 10 years of the purchase, you may be subject to recapture of a portion of the interest rate savings.
• Your eligibility for the program is determined based on household income limits as well as sales limits dependent upon the county in which the property is located.

Additional information on this program can be obtained at the NCHFA website, www.nchfa.com. Income and sales price limits are listed there for each county.

Interest rates are subject to change throughout the day; however, you can reserve your application rate for ninety days.

For more information on this loan, please contact your local branch.