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Manufactured Housing*
100% Financing -FIRST TIME BUYER PROGRAM
Conventional Conforming and Jumbo Mortgages**
"SIMPLY YOURS" PICK YOUR TERM! Fixed Rate -(CCU PORTFOLIO IN HOUSE LOAN)
90-95% Financing- Purchase/Refinance*
Land*
HOME EQUITY LOANS
RENOVATION*

Manufactured Housing*

Manufactured Housing offers an attractive alternative to escalating home prices, making it more affordable to reach the American Dream of home ownership. manufactured units or on-frame modular homes.

  • Primary Residence- 96.5% LTV
  • Second Homes- 90% LTV
  • 640 Minimum Credit Score  
  • NO PMI 
  • Maximum Term 25 years. (Term based on age of unit)   
  • Maximum Loan Amount $175,000.00
  • Fixed Rate
  • Purchase, Refinance / End Loan for New unit  
  • Term based on manufactured date , 10-25 years (1980 minimum date)
  • Older than 10 years requires full home inspection by licensed inspector 

*Call for current rates -tiered based on credit score.


100% Financing -FIRST TIME BUYER PROGRAM

 100% Financing For First-Time Home buyers*

NO DOWN PAYMENT REQUIRED!!

  • Primary Residence Only
  • Gifts allowed for closing costs/Seller paid closing cost allowed 
  • 680 credit score required
  • Rates tiered based on Credit Score 
  • $250,000 maximum loan amount
  • NO PMI
  • 3/1 ARM, 30 year Amortization

*Call for current rates 


Conventional Conforming and Jumbo Mortgages**

30, 25, 20, 15, 10 Year Terms 

  • Fixed Rates
  • Adjustable Rates
  • Competitive Pricing
  • Primary Residences
  • Second Homes
  • Investment Property
  • Reduced PMI Rates! As a Credit Union we charge lower PMI than banks/brokers
  • Expanded lending areas 

*Certain Restrictions May Apply


"SIMPLY YOURS" PICK YOUR TERM! Fixed Rate -(CCU PORTFOLIO IN HOUSE LOAN)

"Simply Yours" *

  • Pick Your Term - 5, 8, 10, 12, 15 Years
  • Primary or Second Homes 
  • 660 Minimum Credit Score
  • Rates based on term
  • $275,000.00 maximum loan amount
  • No PMI

*Call for current rates.  

 


90-95% Financing- Purchase/Refinance*
  • NO PMI
  • 2-year Adjustable
  • 95% Primary Residence
  • 90% Second Home
  • Purchase or Refinance 
  • 660 Minimum Credit Score Primary Residence/ 680 Second Home
  • Rates tiered based on credit score     
  • Maximum Loan $275,000
  • $275,001.-$325,000;720 Minimum Credit Score; 90% Max LTV;No exceptions   

*Call for Current Rates 


Land*
  • Purchase only
  • Fixed or Adjustable
  • 80% 
  • 700 minimum credit score  
  • Maximum Loan $80,000.00
  • Maximum 10 acres

 

 

*Call for Current Rates


HOME EQUITY LOANS

Home Equity Line of Credit - 10 year draw period; followed by repayment of principal over 180 months. Fixed Rate Home Equity Loan, Maximum Term 20 years.  

*CALL FOR CURRENT RATES. TIERED BASED ON CREDIT SCORE

  • Primary Residence and Second Homes- 85% CLTV
  • Manufactured Homes- 70% CLTV Fixed only up to 10 year term
  • Maximum Loan Amount $75,000
  • 660 Minimum Credit Score Required/680 second homes 
  • Life and Disability Insurance Available
  • No Origination Fee (No closing costs,if no appraisal required)* 
  • Current Appraisal May Be Required
  • Property must be located in CCU counties of membership 


RENOVATION*

* Maximum LTV based on mortgage product loan type

*Maximum of $25,000 for renovation expenses.

*Maximum loan amount of $275,000.

*Renovation funds held and disbursed as work completed

*Closing costs may come from loan proceeds*restrictions apply

*Final inspection required

 

*Call for details. *Certain restrictions apply*  

 



*Champion Credit Union Holds and services these mortgages. CCU will only lend on property located within the following counties: Buncombe, Clay, Cherokee, Graham, Henderson, Haywood, Jackson, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania, and Yancey.  Certain restrictions apply.  Rates may change without notice.   

**Conventional Conforming Mortgages - Have expanded lending areas.