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.

• 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
• All properties used as collateral must be the member's primary residence.
• 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

This product offers the borrower a fixed rate for the life of the loan.

• 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
• All properties used as collateral must be the member's primary residence.
• 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

Use our rates calculator to compare mortgage options and receive a personalized monthly payment estimate.

Check today’s rates


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.