Young family receiving the keys to their new home from their realtor.
Fixed-Rate Mortgage


10, 15, 20 and 30 years

No private mortgage insurance (PMI)

When you want a predictable and stable loan payment with automated saving for your home insurance and property tax payments, our fixed-rate loan is a great choice. This loan features a fixed principal and interest payment for the life of the loan, with no private mortgage insurance (PMI) required.

Fixed rates, flexible options

Use our fixed-rate loan to buy or refinance a home for a primary residence, second home, vacation home or rental properties. Please note that the maximum loan term is 15 years for second home and vacation home loans.

LGFCU mortgages are subject to approval and are available only for properties located in North Carolina, South Carolina, Virginia, Georgia or Tennessee. For mortgages on primary residences, members must reside in North Carolina or bordering states to be eligible.

No matter your home needs, LGFCU can help!

Easy solution to managing homeowner expenses

When it’s time to pay your property tax and homeowners insurance, LGFCU’s got you covered with a dividend-earning escrow account. Each time you pay your mortgage, a little money goes into that account, which we use to cover those expenses.

How our fixed-rate loan works

The maximum loan amount depends on the loan's purpose, the type of loan and the occupancy status of the home. For home purchases or a refinance, the maximum amount you can borrow, and your loan-to-value financing tier, are determined by either the sales price or appraised value, whichever is less.

The loan-to-value ratio is the portion of the appraised value of the property not covered by your down payment.

For the purchase of or no cash-out refinance of a primary residence, 100% financing is available up to a total purchase or refinance price of $500,000. Closings on most loan refinancing may be completed online or at your local branch. 

Mortgage rates are set by the LGFCU Board of Directors and are subject to change daily.

Upfront costs and fees

Costs or fees may arise during the mortgage loan process. At the time of application, your Credit Union loan officer will provide a loan estimate of settlement costs involved with the mortgage process, such as appraisal fee, origination fee, attorney fees, recording fees, title insurance costs, and survey and pest inspection costs (typically not required). The origination fee is 1% of the loan amount with a cap of $2,500.

Using one of LGFCU’s mortgage calculators is an easy way to see how much home you can afford or to compare two mortgages.

Let’s get started!

Download the Loan Information Checklist to know what information you’ll need to have ready to complete a loan application.


Next Steps

When you’re ready to purchase a home or to refi, choose how you want to apply.

  • Log in to Member Connect and select the Loan Center tab. Choose Mortgage Center.
  • Call us at 888.732.8562. Lending Services hours of operation are 8 a.m. to 9 p.m., Eastern.
  • Visit your local branch.
  • Not an LGFCU member yet? Join us!

Mortgage loans are subject to approval. Greater than 90% loan-to-value limited to maximum financing of $500,000. Mortgages are available for properties located in NC, SC, GA, TN or VA. For mortgages on primary residences, members must reside in NC or bordering states to be eligible.