Last Updated: 04/18/2025
Carolinas Telco FCU Adjustable Rate Mortgage
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Credit Score Range
Starting at 600
Amount Range
Up to $200,000
Loan Term (Years)
Up to 30
Carolinas Telco FCU Adjustable Rate Mortgage Review
Carolinas Telco FCU Adjustable Rate Mortgage is offered by Carolinas Telco Federal Credit Union (NMLS #402929), a credit union founded in 1934 and based in Charlotte, NC. Carolinas Telco FCU Adjustable Rate Mortgage are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. Carolinas Telco FCU Adjustable Rate Mortgage only offers adjustable-rate mortgages.
- No primary residences considered. Carolinas Telco FCU Adjustable Rate Mortgage does not offer financing for primary homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- High maximum LTV ratio. Carolinas Telco FCU Adjustable Rate Mortgage has a maximum loan to value ratio of 97%, which is higher than average. Most lenders want you to have at least 20% equity.
- Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Carolinas Telco FCU Adjustable Rate Mortgage.
Carolinas Telco FCU Adjustable Rate Mortgage Pros & Cons
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Carolinas Telco FCU Adjustable Rate Mortgage FAQ
How much can you borrow via Carolinas Telco Federal Credit Union?
Carolinas Telco FCU Adjustable Rate Mortgage allows borrowers to apply for loan amounts of up to $200,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with Carolinas Telco FCU Adjustable Rate Mortgage?
Carolinas Telco FCU Adjustable Rate Mortgage offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Carolinas Telco Federal Credit Union offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, Carolinas Telco FCU Adjustable Rate Mortgage may charge a loan origination fee .
What is the customer service phone number?
The customer service number for Carolinas Telco FCU Adjustable Rate Mortgage is (800) 622-5305.
What is the support contact email?
The support contact email for is support@ctelco.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed