Last Updated: 04/18/2025
Carolinas Telco FCU Fixed Rate First Mortgages
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Home Mortgage Loans
Filter & compare all your options in one place.
Highlights
Credit Score Range
Starting at 600
Amount Range
Up to $200,000
Loan Term (Years)
10 - 30
Carolinas Telco FCU Fixed Rate First Mortgages Review
Carolinas Telco FCU Fixed Rate First Mortgages is offered by Carolinas Telco Federal Credit Union (NMLS #402929), a credit union founded in 1934 and based in Charlotte, NC. Carolinas Telco FCU Fixed Rate First Mortgages are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Standard interest rates types. Carolinas Telco FCU Fixed Rate First Mortgages only offers fixed-rate mortgages.
- No primary residences considered. Carolinas Telco FCU Fixed Rate First Mortgages 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 Fixed Rate First Mortgages has a maximum loan to value ratio of 95%, 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 Fixed Rate First Mortgages.
Carolinas Telco FCU Fixed Rate First Mortgages Pros & Cons
| Pros | Cons |
|
|
Carolinas Telco FCU Fixed Rate First Mortgages FAQ
How much can you borrow via Carolinas Telco Federal Credit Union?
Carolinas Telco FCU Fixed Rate First Mortgages 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 Fixed Rate First Mortgages?
Carolinas Telco FCU Fixed Rate First Mortgages offers mortgages with terms ranging from 10 to 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 Fixed Rate First Mortgages may charge a loan origination fee .
What is the customer service phone number?
The customer service number for Carolinas Telco FCU Fixed Rate First Mortgages is (800) 622-5305.
What is the support contact email?
The support contact email for is support@ctelco.org.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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