Mortgage options

Home Loans, Made Easy

Home is a special place. It’s where we gather. Make memories. Relax. It can also be your largest financial transaction to date, so it's important to make the right decisions and educate yourself on the details. CPM Federal Credit Union can help with just that! With our assistance, along with your Real Estate Agent, it should be a smooth, pleasant and ultimately rewarding experience.

Fixed Rate Mortgages

With a fixed rate option, your payment and rate stay the same for the life of the loan. Makes maintaining a budget that much easier.

Term*Rate
as low as		APR**
as low as		Estimated Monthly Payment (P&I)***
excludes taxes and insurance, actual payment will be higher
10 Year4.490%4.808%$1554
$150,000.00 fixed rate mortgage for a term of 120 months with a 4.808% APR;
monthly principal and interest payment will be $1,553.85.
15 Year4.490%4.711%$1147
$150,000.00 fixed rate mortgage for a term of 180 months with a 4.711% APR;
monthly principal and interest payment will be $1,146.72.
20 Year4.990%5.169%$989
$150,000.00 fixed rate mortgage for a term of 240 months with a 5.169% APR;
monthly principal and interest payment will be $989.11
30 YearCall 864-879-1599 for current rates.
Rates and terms vary depending upon loan to value ratio, credit, and underwriting requirements, and may change without notice. Available for both purchase and refinance transactions. No loan origination fee. Other fees and closing costs apply. Loan amounts up to $1,250,000. Down payment of 5% or more required.

*Fixed rate terms of 10, 15, 20, or 30 years have 120, 180, 240, or 360 monthly payments, respectively.
** APR = Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.
*** Payment Example, Rate, and Payment Assumptions. The Interest Rate, APR, and Estimated Monthly Payment assumes the the property is an existing single-family home used as the borrower’s primary residence. The Estimated Monthly Payment reflects the principal and interest payment only, which does not include amounts for taxes, nor insurance (actual payments will be greater). The amount of each payment will apply over the term of the loan.

Still have questions? Call us at 864.879.1599 or click here.

ARMs - Adjustable Rate Mortgages

An Adjustable Rate Mortgage or ARM is a variable rate loan that has an interest rate that may change periodically depending on changes in a corresponding financial index that's associated with the loan. It’s possible your payment could increase or decrease over the life of the loan.

ARMs can feel unfamiliar at first, but for the right goals and timelines, they can be a smart and flexible option. Our team is here to help you understand whether an ARM is the right fit for you.

Term*RateAPR**Estimated Payment (P&I)***
Assuming $150,000 loan for 30 year term. Taxes and insurance are not included. Actual payments will be higher.
15/15.290%5.645%$832
The initial monthly payment of principal and interest would be $832.03. Beginning in year 16 the rate and payment adjust every year. The monthly payment in year 16 would be $944.68.
10/14.990%5.574%$804
The initial monthly payment of principal and interest would be $804.32. Beginning in year 11 the rate and payment adjust every year. The monthly payment in year 11 would be $944.94
7/14.890%5.664%$795
The initial monthly payment of principal and interest would be $795.18. Beginning in year 8 the rate and payment adjust every year. The monthly payment in year 8 would be $871.70
5/54.890%5.953%$795
The initial monthly payment of principal and interest would be $795.18. Beginning in year 6 the rate and payment adjust every 5 years. The monthly payment in year 5 woud be $962.38 for additional 5 years.
5/14.490%5.338%$759
The initial monthly payment of principal and interest would be $759.14. Beginning in year 6 the rate and payment adjust every year. The monthly payment in year 6 would be $838.74
First Time Homebuyer5.240%5.744%$827
The initial monthly payment of principal and interest would be $827.38. Beginning in year 6 the rate and payment adjust every year based on the initial period. The monthly payment in year 6 payment would be $998.06
Construction LoanConstruction to permanent financing available.
Call 864-879-1599 for more information.
*Adjustable Rate Mortgage (ARM) loans are variable rate loans, where interest rates and payments may increase after consummation. A 5/1 ARM has an initial fixed interest rate for the first 5 years (7 years for a 7/1 ARM, 10 years for a 10/1 ARM and 15 years for a 15/1 ARM), then adjusts every year thereafter based on an index, plus a margin. After the initial fixed-rate period, your interest rate can increase or decrease annually according to the market index. Any change may significantly impact your monthly payment. Loan origination fee is 1.00% of the loan amount. Other fees and closing costs apply. Loan amounts up to $1,250,000. Down payment of 5% or more required. Rates and terms vary depending upon loan to value ratio, credit, and underwriting requirements, and may change without notice. Available for both purchase and refinance transactions.

**APR = Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.

***Payment Example, Rate, and Payment Assumptions. The Interest Rate, APR, and Estimated Monthly Payment assumes the the property is an existing single-family home used as the borrower’s primary residence. The Estimated Monthly Payment reflects the principal and interest payment only, which does not include amounts for taxes, nor insurance (actual payments will be greater). The amount of each payment will apply over the term of the loan. Flood and/or property hazard insurance may be required. The rate my not change more than 5% over the life of the loan. The monthly payment adjustments assume all prior payments made as scheduled and the rate went up to the maximum amount allowed. Uses 1 Year Treasury Constant Maturity Index.

Still have questions? Call us at 864.879.1599 or click here.

We also offer Home Equity Lines of Credit, loans for Manufactured Homes and Government backed loans

Manufactured Homes

• Fixed rate terms up to 30 years
• Financing up to 95% Loan to Value available
• Primary and Secondary Homes
• Learn More here.

FHA, VA, USDA Mortgages

• Call 877.906.7032 for more information or click here to apply

Home Equity Line of Credit (HELOC)

• Fixed and Variable rate options available
• Variable rate HELOC offers a variable rate tied to the prime rate
• Learn more here.

Rates accurate as of 2/12/2026.

The SAFE Act requires a mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry and provide their Mortgage Loan Originator Identifier number to a consumer when engaging in a mortgage loan transaction. You may obtain information about the Mortgage Loan Originator by accessing the Nationwide Mortgage Licensing System and Registry at www.nmlsconsumeraccess.org.

Federally insured by NCUA. Institution's NMLS Identifier Number: #509298