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Purchase the home of your dreams.

At Carolina Trust, we understand purchasing a new home can be intimidating. Our Mortgage team walks borrowers through the entire home loan process. We will be with you every step of the way, from your first meeting at a Carolina Trust branch to your loan closing at the attorney’s office. We offer a variety of mortgage products, such as Fixed Rate Mortgages, Adjustable Rate Mortgages, First Time Homebuyer Mortgages, and much more.

Not ready to apply?

Use the form below to inquire about what you are looking for and one of our mortgage specialists will be in touch with you.


Fixed Rate Mortgages

Don’t worry about your rate changing! With a Fixed Rate Mortgage, your rate will stay the same for the life of the loan.

    • 15, 20 or 30-year terms*
    • Up to 95% Loan to Value
    • FHA, VA, USDA options**
    • Fast online application process
    • Stability of a fixed payment
    • Ideal for buyers planning on living in the home for 10 years or more

*Loan approval and Annual Percentage Rate subject to credit worthiness. Loan type subject to property and borrower qualifications. **Private Mortgage Insurance (PMI) is required for transactions over 80% loan-to-value (LTV) in the secondary market. Other restrictions apply.

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First Time Homebuyers

Buying your first home is a big deal. Carolina Trust helps make the process of financing your first home purchase totally achievable.

louise herring philosophy in action member service award

The Louise Herring Philosophy in Action Award is given to credit unions that practically apply the philosophy of People Helping People within their day-to-day operations and service to members.

  • 30-year Fixed Rate*
  • Competitive rates
  • Maximum 30-year term
  • 100% Financing
  • No down payment
  • No private mortgage insurance
  • No income limit restrictions
  • Must complete Balance Track counseling programs before closing

Here’s how it works:

If you’ve never owned a home or haven’t owned one in the last 3 years, you’re eligible for our First Time Home Buyers loan. This loan is a 30-year Fixed Rate mortgage.*

Review our First Time Homebuyers FAQ for more information.

*Loan approval and Annual Percentage Rate subject to credit worthiness. Loan type subject to property and borrower qualifications. Other restrictions apply.

Apply Now

Balance Track Counseling Programs

Before closing, borrowers must complete Balance Track Counseling programs through Balance™ Financial Fitness.

Courses include:

Financial Basics: Credit Matters
Learn how to borrow wisely from the beginning and avoid making expensive financial mistakes.

Financial Basics: Money Management
Learn about the core concepts of money management and developing a well-thought out plan.

Homeownership: The Road to Homeownership
Learn about what it means to become a successful homeowner through commitment and planning.

To enroll in the Balance Track program, click here.

First-Time Home Buyer FAQ

A first-time homebuyer is an individual or couple who has had no ownership in a primary residence or has not been listed on a Deed in the past 3 years.

The First Time Homebuyer mortgage is a 30-year Fixed Rate.

• The maximum loan amount is $726,200.00
• The maximum loan to value is 100% (Loan to value = loan amount divided by sales price)

No down payment required. 100% finance of purchase contract.

Parameters include:
• Property must be their Primary Residence
• Purchases only
• Property must be a single-family home, condominium, or townhouse.
• Manufactured Homes are excluded from this program.

No. PMI will not be added to the monthly payment. Therefore, more of your mortgage payment is being applied to the principal balance. Thus, you are growing equity in the home.

The Member(s) must be employed (full-time and/or part-time) in the same line of employment for at least 2 years.

Credit score must be 640 or above. Member must be current on all existing obligations.

Yes. The Member(s) must complete the pre-purchase counseling program through BALANCE Financial Counseling Service. There are no fees to the member for these classes.
There are 3 classes they must complete:
• Balance Track: Credit Matters
• Balance Track: Money Management
• Balance Track: The Road to Homeownership

• Commitment Fee: $995.00
• Appraisal Fee: $500.00
• Appraisal Review Fee: $100.00
• Escrow Service Fee: $75.00
• Wire Transfer Fee: $15.00
• Flood Certification Fee: $17.00
• Documentation Fee: $60.00
• Credit Report Fee: $50.00 +/-
• Recording Charge: $58.00 +/-
• Attorney Fees: TBD (Members select their own attorney, Attorneys set their own fees)

Yes, closing costs can be paid by the Seller or the funds can be a gift from a family member.

Yes. CTFCU requires escrow for taxes and insurance.

Yes, all loan payments must be repaid by automatic draft from a CTFCU checking account.

The home must be in marketable condition with “no needed repairs”. All property defects and repairs must be corrected prior to closing.

No, with existing membership in CTFCU the property can only be located in South Carolina or North Carolina.

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Home Equity Loans – 2nd Mortgage

With a Home Equity Loan from Carolina Trust, your home’s equity can cover big expenses that require a large sum of money at one time. The 2nd Mortgage Home Equity loan is on a fixed rate for a 15-year term.

  • 15-year term with a fixed interest rate*
  • Borrow up to 80% of your home’s appraised value; Appraised value less 1st mortgage balance
  • Primary Residence Only
  • Minimum loan amount of $20,000.00
  • Low loan rates*

*Loan approval and Annual Percentage Rate subject to credit worthiness. Loan type subject to property and borrower qualifications. Other restrictions apply.

Apply Now

Land Loans – Unimproved Property

  • Purchase Only
  • 15-year term with a fixed interest rate*
  • Minimum loan amount of $25,000.00
  • Residential lots maximum LTV 80%
  • Acreage maximum LTV 70%
  • Maximum 5 Acres
  • Purpose to build future Primary Residence

*Loan approval and Annual Percentage Rate subject to credit worthiness. Loan type subject to property and borrower qualifications. Other restrictions apply.

Apply Now

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