Need a Home Loan?

Count On Us – Your Local Lending Specialists!

Nothing beats the “local touch,” and we’ve got it at Mid Carolina Credit Union! We know our members personally because we’re their neighbors and friends. We live and breathe Kershaw County, and it’s been that way since 1961. We’ve even expanded that relationship to our neighboring county of Richland. So if you’ve found the perfect house and need a mortgage, or you’re looking to refinance your current mortgage, or maybe just need a home equity loan for a kitchen renovation - we’re here to help.

 

Mortgage

Whether you are moving into a larger home or refinancing, Mid Carolina Credit Union understands that obtaining a home loan is one of the biggest financial transactions that you will ever face. We can help you obtain the loan that best suits your lifestyle and fits your budget.

Mortgages we offer include:

  • 30-year fixed loan

  • 20-year fixed loan

  • 15-year fixed loan

  • 10-year fixed loan

  • ARM - Adjustable Rate Mortgage

  • Raw land loan

  • Double-wide mobile homes to 30 yrs.

  • FHA

  • VA

  • USDA 100%

  • Home Equity Loans

  • Call for rates

Give us a call today to find out more! Our dedicated service is what sets us apart from other financial institutions. Rates change daily. Please call (803) 432-3280 for a rate quote today! To start the application process, click the "apply for home loan" button at the top of the page to fill out our online form. A mortgage representative will then be in touch.

Adjustable Rate Mortgage (ARM)

Mid Carolina ARMs

  • Low Initial Fixed Rate

    • During the initial term of your loan, your interest rate will be lower, making your payments more affordable. During the remaining term, the interest rate will change according to an index.

  • No Private Mortgage Insurance Required for Most Loans

    • Most lenders require the borrower to purchase PMI unless they're able to make a down payment of 20%. Most of our Adjustable-Rate Mortgages don’t require PMI, which saves you money each month.

  • Refinance Options Available

    • If you have a mortgage already and want to refinance for a different interest rate or shorter term, this loan may also be a good fit.

When Is an Adjustable-Rate Mortgage a Good Option?

Adjustable-Rate Mortgages (ARMs) begin with a fixed interest rate and then adjust up or down after the initial term. ARMs are a good option for buyers who plan to stay in their home for only a short period of time and want to keep their monthly payment low.

ARM products contain 2 numbers:

  • The first refers to the number of years the interest rate will remain fixed.

  • The second is the number of years between interest rate changes after the initial fixed term expires.

For example, a 5/5 ARM would have the same interest rate for the first 5 years, and then the rate would adjust every 5 years after that.

Contact a Mortgage representative today at 803-432-3280 for more information on our ARM loans and current rates.

Home Equity

The equity you've built up in your home can be used for almost any purpose.

Features include:

  • Borrow up to 85% of appraised value minus first mortgage balance

  • Term up to 120 months

  • Interest rates lower than most credit cards

  • Interest may be tax deductible (consult your tax advisor)

  • Choose from multiple home equity loan options

Land

When the home of your dreams is still a dream, but the location is as clear as day, consider a Mid Carolina Credit Union land loan.

All Mid Carolina Credit Union land loans offer:

  • Low, fixed rates

  • Low fees

  • Fast processing

  • Up to 70% of appraised value or purchase price, the lesser of the two

  • 5 and 10-year terms

S.A.F.E. Act Disclosure Notice

The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer Access, which is a free service for consumers to confirm that the bank or mortgage company and the mortgage professional with whom they wish to conduct business are registered with the federal system or licensed, if required, in the state in which they conduct businesTo access this service, please go to www.nmlsconsumeraccess.org or click on the NMLS numbers to be taken directly to our mortgage loan officer's registration information.