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Save big on your home when you choose Civic
Qualify for closing credits when you move your direct deposit to a Civic Checking Account.
If you’re in the market to buy a home, we’re ready to help
Home buying just got easier. Get a lender credit1 at closing when you apply for an affordable fixed2 or adjustable-rate mortgage (ARM)2 and bundle your Civic accounts. Get a lender credit of $750 for loans between $100k - $249k, and a $1,500 credit for loans of $250k or more. Open a Civic checking account and set up direct deposit of at least $750 before your loan closes to qualify for lender credits.
See the savings
Reduce your closing costs by $750 - $1,500 with our lender credit
Automate your mortgage
Open a Civic checking account and enroll in Civic direct deposit to simplify your mortgage payments
Meet your mortgage
Choose from a fixed or adjustable-rate mortgage, depending on your finances and future plans
Adjustable-Rate Mortgage
An adjustable-rate mortgage (ARM) is a great way to ease into homeownership. The ARM rate is typically lower than other types of mortgages, and for the first 5 or 10 years (depending on your choice) the rate remains fixed and will not change. After that time, your ARM interest rate will adjust up or down with a cap on how high your interest rate can go. This lets you buy more house now or refinance with low ARM rates.
Fixed Rate Mortgage
A fixed-rate mortgage offers a predictable loan payment for the life of your mortgage, which will be either a 15- or 30-year term. Your principal and interest will remain unchanged, and you can add your taxes and insurance into your mortgage payment.
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.
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. Closing cost credit of $750 will be applied to mortgage loans between $100,000 and $249,999, and a $1,500 closing credit will be applied for mortgage loans of $250,000 or more. Qualifications include a Civic checking account, and 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.
2 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.