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Mortgage Lending
NCPAFCU offers two mortgage1 options to our membership: an adjustable rate mortgage and fixed rate mortgage option. Whether you are in the market for a new home or simply want to refinance your existing home, these mortgage loans could be your answer. We also offer special mortgage programs for first time homebuyers and manufactured home loans.
Because the interest rate may only be adjusted every five years, this product offers additional protection against the possibility of rising rates.2 The rate may not change by more than 2% every five years or 6% over the life of the loan.
*Click to expand for additional program information and APR3 calculation
This product offers the borrower a fixed rate for the life of the loan.
*Click to expand for additional program information and APR3 calculation
*Click to expand for additional program information and APR3 calculation
*Click to expand for additional program information and APR3 calculation
*Click to expand for additional program information and APR3 calculation
The Secure and Fair Enforcement for Mortgage Licensing (S.A.F.E.) Act requires that all mortgage loan originators (MLOs) complete an online registration process through the NMLS Registry. The purpose of the S.A.F.E. Act is to increase accountability of MLOs, enhance consumer protections, reduce fraud in the residential mortgage loan origination process, and provide consumers with easily accessible information concerning the employment history of MLOs and any disciplinary or enforcement actions imposed against MLOs.
A list of all current MLOs for NCPAFCU, including their NMLS registration numbers can be found here.
1Financing up to a maximum of $250,000 loan amount for an individual loan or $350,000 loan amount for a joint loan.
2Future interest rate changes will be determined based on the five-year Constant Maturity Treasury (CMT) yield.
3APR = Annual Percentage Rate. APR is your cost over the loan term expressed as a rate. Stated APR based on a purchase transaction with a loan amount of $150,000 for a maximum term allowed for each loan program.
5-Year Adjustable Rate Mortgage (ARM)
Because the interest rate may only be adjusted every five years, this product offers additional protection against the possibility of rising rates.2 The rate may not change by more than 2% every five years or 6% over the life of the loan.
% Initial Rate (% APR3) for 80% or less loan-to-value*
Payment Example
Current Interest Rate: %
Fully Indexed Interest Rate: %
The estimated monthly payment is based on a loan amount of $150,000 with an initial interest rate of % (% APR) for the first 5 years of a 30-year loan term. Future rates are subject to change, so the rates for months 61-360 are estimated by adding the margin to the current index rate. Future rates and payments determined based on adding a margin of 1.50% to the index (5-Year Constant Maturity Treasury Yield rounded to the nearest one-eighth of one percentage point). Subject to a floor rate of 2.750%.
This is a variable rate loan, and the interest rate can increase over the life of the loan. NCPAFCU ARM rates can increase or decrease a maximum of 2% every 60 months up to 6% over your initial rate during the life of the loan.
Taxes and insurance are not included in the estimated monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
Fully Indexed Interest Rate: %
The estimated monthly payment is based on a loan amount of $150,000 with an initial interest rate of % (% APR) for the first 5 years of a 30-year loan term. Future rates are subject to change, so the rates for months 61-360 are estimated by adding the margin to the current index rate. Future rates and payments determined based on adding a margin of 1.50% to the index (5-Year Constant Maturity Treasury Yield rounded to the nearest one-eighth of one percentage point). Subject to a floor rate of 2.750%.
This is a variable rate loan, and the interest rate can increase over the life of the loan. NCPAFCU ARM rates can increase or decrease a maximum of 2% every 60 months up to 6% over your initial rate during the life of the loan.
Taxes and insurance are not included in the estimated monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
% Initial Rate (% APR3) for 80.01% to 90% loan-to-value*
Payment Example
Current Interest Rate: %
Fully Indexed Interest Rate: %
The estimated monthly payment is based on a loan amount of $150,000 with an initial interest rate of % (% APR) for the first 5 years of a 30-year loan term. Future rates are subject to change, so the rates for months 61-360 are estimated by adding the margin to the current index rate. Future rates and payments determined based on adding a margin of 2.00% to the index (5-Year Constant Maturity Treasury Yield rounded to the nearest one-eighth of one percentage point). Subject to a floor rate of 3.250%.
This is a variable rate loan, and the interest rate can increase over the life of the loan. NCPAFCU ARM rates can increase or decrease a maximum of 2% every 60 months up to 6% over your initial rate during the life of the loan.
Taxes and insurance are not included in the estimated monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
Fully Indexed Interest Rate: %
The estimated monthly payment is based on a loan amount of $150,000 with an initial interest rate of % (% APR) for the first 5 years of a 30-year loan term. Future rates are subject to change, so the rates for months 61-360 are estimated by adding the margin to the current index rate. Future rates and payments determined based on adding a margin of 2.00% to the index (5-Year Constant Maturity Treasury Yield rounded to the nearest one-eighth of one percentage point). Subject to a floor rate of 3.250%.
This is a variable rate loan, and the interest rate can increase over the life of the loan. NCPAFCU ARM rates can increase or decrease a maximum of 2% every 60 months up to 6% over your initial rate during the life of the loan.
Taxes and insurance are not included in the estimated monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
% Initial Rate (% APR3) for 90.01% to 100% loan-to-value*
Payment Example
Current Interest Rate: %
Fully Indexed Interest Rate: %
The estimated monthly payment is based on a loan amount of $150,000 with an initial interest rate of % (% APR) for the first 5 years of a 30-year loan term. Future rates are subject to change, so the rates for months 61-360 are estimated by adding the margin to the current index rate. Future rates and payments determined based on adding a margin of 2.50% to the index (5-Year Constant Maturity Treasury Yield rounded to the nearest one-eighth of one percentage point). Subject to a floor rate of 3.750%.
This is a variable rate loan, and the interest rate can increase over the life of the loan. NCPAFCU ARM rates can increase or decrease a maximum of 2% every 60 months up to 6% over your initial rate during the life of the loan.
Taxes and insurance are not included in the estimated monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
Fully Indexed Interest Rate: %
The estimated monthly payment is based on a loan amount of $150,000 with an initial interest rate of % (% APR) for the first 5 years of a 30-year loan term. Future rates are subject to change, so the rates for months 61-360 are estimated by adding the margin to the current index rate. Future rates and payments determined based on adding a margin of 2.50% to the index (5-Year Constant Maturity Treasury Yield rounded to the nearest one-eighth of one percentage point). Subject to a floor rate of 3.750%.
This is a variable rate loan, and the interest rate can increase over the life of the loan. NCPAFCU ARM rates can increase or decrease a maximum of 2% every 60 months up to 6% over your initial rate during the life of the loan.
Taxes and insurance are not included in the estimated monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
- Maximum term of 30 years
- For purchases, maximum financing and loan-to-value financing tier determined based on the lesser of the sales price or appraised value. Member is responsible for appraisal costs.
- Origination fee 1% of loan amount (cap of $2,500)
- No application fees or credit report fees
- Private mortgage insurance is not required
- Property must be located in and member must reside in North Carolina
- Up to 100% financing available for purchases and no cash-out refinances of single-family primary residences, further limited to 90% financing available for cash-out refinances of primary residences. Cash out is defined as any funds that exceed the balance owed on the first mortgage being paid off, plus closing costs.
- Initial Rates subject to change daily
Fixed Rate Mortgages
This product offers the borrower a fixed rate for the life of the loan.
10-Year Fixed Rate Mortgage
Fixed Rate of % (% APR3) for 90% or less loan-to-value*
Payment Example
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Fixed Rate of % (% APR3) for 90.01% to 95% loan-to-value*
Payment Example
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
15-Year Fixed Rate Mortgage
Fixed Rate of % (% APR3) for 90% or less loan-to-value*
Payment Example
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Fixed Rate of % (% APR3) for 90.01% to 95% loan-to-value*
Payment Example
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
20-Year Fixed Rate Mortgage
Fixed Rate of % (% APR3) for 90% or less loan-to-value*
Payment Example
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Fixed Rate of % (% APR3) for 90.01% to 95% loan-to-value*
Payment Example
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
30-Year Fixed Rate Mortgage
Fixed Rate of % (% APR3) for 90% or less loan-to-value*
Payment Example
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
Current Interest Rate: %
The monthly payment is based on a loan amount of $150,000.
Taxes and insurance are not included in the monthly payment amount. Your actual monthly payment will be greater.
Contact your local branch for additional information.
- Origination fee 1% of loan amount (cap of $2,500)
- No application fees or credit report fees
- Private mortgage insurance is not required
- Property must be located in North Carolina
- Up to 95% financing available for purchases and no cash-out refinances of single-family primary residences (except for 30-year term option), further limited to 80% financing for cash-out refinances of single-family residences. Cash-out is any funds that exceed the balance owed on the first mortgage being paid off, plus closing costs
- Up to 85% financing available for purchases and no cash-out refinances of 2 - unit primary residence, further limited to 75% financing for cash-out refinances of a 2 - unit residence
- Up to 80% financing available for purchases and no cash-out refinances of a 3 – 4 unit primary residence, further limited to 75% financing for cash-out refinances of a 3 – 4 unit residence
- For purchases, maximum financing and loan-to-value financing tier determined based on the lesser of the sales price or appraised value
- Rates subject to change daily
NATIONAL MORTGAGE LICENSING SYSTEM (NMLS) AND S.A.F.E. ACT
The Secure and Fair Enforcement for Mortgage Licensing (S.A.F.E.) Act requires that all mortgage loan originators (MLOs) complete an online registration process through the NMLS Registry. The purpose of the S.A.F.E. Act is to increase accountability of MLOs, enhance consumer protections, reduce fraud in the residential mortgage loan origination process, and provide consumers with easily accessible information concerning the employment history of MLOs and any disciplinary or enforcement actions imposed against MLOs.
A list of all current MLOs for NCPAFCU, including their NMLS registration numbers can be found here.
1Financing up to a maximum of $250,000 loan amount for an individual loan or $350,000 loan amount for a joint loan.
2Future interest rate changes will be determined based on the five-year Constant Maturity Treasury (CMT) yield.
3APR = Annual Percentage Rate. APR is your cost over the loan term expressed as a rate. Stated APR based on a purchase transaction with a loan amount of $150,000 for a maximum term allowed for each loan program.
*Quoted rates, dividends, annual percentage yields (APY) and annual percentage rates (APR) are subject to change daily at the discretion of the Board of Directors.
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North Carolina Press Association Federal Credit Union conducts all member business in English. All origination, servicing, collection, marketing, and informational materials are provided in English only. As a service to our members, we will attempt to assist those who have limited English proficiency where possible.