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Save big on your first home
when you choose Civic
Move your direct deposit to a Civic Checking Account and choose how you save
Qualify for up to 100% loan-to-value (LTV) lending
OR
Reduce your closing costs
by up to $1,000 with our lender credit
Set up direct deposit with Civic and qualify for new ways to save when you buy your first home
If you’re ready to move up and move into your first home, or your first home in 3 years, we’re ready to help. Apply for a Civic fixed1 or adjustable-rate mortgage (ARM)1 and you could qualify for up to 100% LTV lending or a lender credit up to $1,000,2 if you open a Civic checking account and enroll in direct deposit of over $750 before your loan closes.
Choose your savings
Reduce your closing costs by up to $1,000 with our lender credit or get up to 100% LTV
Automate your payments
Open a Civic checking account and enroll in Civic direct deposit to simplify your mortgage payments
Get the mortgage that’s best for you
Choose from a fixed or adjustable-rate mortgage, depending on your finances and future plans
Check out the First-time Homebuyer Program
See if you’re eligible for a federal grant to make homebuying even more affordable
Adjustable-Rate Mortgage
Our adjustable-rate mortgage blends fixed rates with adjustable rates to help you buy more house with affordable monthly payments — or to refinance an existing mortgage. Your rate, monthly principal and interest payments remain the same for an initial period of 5 or 10 years, depending on which mortgage you choose, then adjust periodically.
Fixed Rate Mortgage
Our fixed-rate mortgage keeps your payments unchanged and predictable for the entire term of the loan. Choose a fixed 15-year or 30-year term and be protected from rising interest rates.
Get started in the Mortgage Center
Apply for a mortgage through our trusted partner, Credit Union Mortgage Association (CUMA), with a streamlined process. Check rates, use free calculators and other tools, and apply online easily. A mortgage loan officer will contact you within 24 hours to talk about next steps for your prequalification.
More ways to save: First-time Homebuyer Program
If you have not owned a home in the past 3 years (or ever), you may be eligible for the First-time Homebuyer Program,2 in addition to our direct deposit promotion. The maximum subsidy amount is $17,500.
To be eligible, members must:
- Contribute at least $1,000 of their own funds toward the down payment and/or closing costs
- Have a household income at or below 80% of the area median income at the time of closing
- Complete the credit union’s prescribed homebuyer counseling, debt management planning, and default prevention program
- Own and reside in the home for at least 5 years from loan closing date
Sound like you may qualify? See full program details.
Start the road to savings
Bonus Checking
This online checking account works hard for you. Get dividends on your balance, access to your direct deposits up to 3 days early, and ATM fees reimbursed.
- Earn dividends on your balance every month
- No minimum balance requirement
- ATM fees reimbursed up to $20 per month
- Access direct deposits up to 3 days early
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.
1 Subject to approval. Civic membership required. Property must be in NC, SC, GA, VA, or TN. Not available for manufactured homes or rental properties. Adequate property and flood insurance required for life of loan. Loan product, availability, and terms subject to change.
2 Subject to approval. First-time homebuyers may choose either a $1,000 closing cost credit or financing up to 97–100% loan-to-value (LTV). To qualify, the member must have or open a Civic checking account and provide employer verification of a direct deposit of $750 or more into the account. Acceptable verification includes a direct deposit authorization form or other proof of direct deposit setup, submitted prior to loan closing. Verification must be completed at least 10 days before the closing date. Members who opt out of the closing cost credit offer will be responsible for all applicable closing costs.