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1st Time Homebuyer Program

Our 1st Time Homebuyer Program is designed to help you navigate through your first home buying experience. We can help you make your move to home ownership! 

Why Choose CPM for your mortgage needs?

Our 1st Time Homebuyer offers features and qualifications for buyers who are just starting out or over.

A couple standing on porch of their new house with a sign that says our first house

• 15/1 ARM

• As little as 3% down

• No points

• 60 day rate lock

We want you to make the best decision and understand the responsibilities that come along with homeownership, not just the pride. CPM requires all of our 1st Time Homebuyers to take a course that explains what to expect with home ownership, the potential costs and benefits.

We are here for you every step of the way. Call us today at 864.879.1599 and let’s get started!


*Membership rules and restrictions apply. APR=Annual Percentage Rate. Taxes and insurance are not included. Flood and/or property hazard insurance may be required. Other fees and closing costs may apply. Maximum loan amount up to $350,000.00. Down payment of 3% required. Private mortgage insurance is required for amounts financed over 80% LTV. Gifted funds are allowed. Rates and terms vary depending upon credit, and underwriting requirements, and may change without notice. Available for purchase transactions only. Payments are estimates and include only principal and interest for loan amounts of $150,000.00 for 30-year terms. The initial monthly payment of principal and interest would be $631.60. Beginning in year 16 the rate and payment adjusts every year thereafter. The rate will change based on adding the then current index value and the loan margin, rounded up or down to the nearest 1/8%, but may not change more than 2% in any one change. The rate may not change more than 5% over the life of the loan. The monthly payment in year 16 is estimated at $676.52 if all prior payments were made a scheduled and the rate went up the maximum amount allowed of 2%. Uses 1-Year Treasury Constant maturity Index. Restrictions and qualification requirements may apply. See mortgage representative for details. Homebuyer course is required and cost is the responsibility of the borrower.  

Rates are accurate as of September 29, 2021 and subject to change without notice.