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Whether you are purchasing your first home, moving to a new one or refinancing your existing mortgage,
Carolina First offers a mortgage option that can help you reach your goal. We offer conventional mortgage
loans, FHA, VA, State Housing, lot loans and first time home buyer financing. Carolina First also offers a
one-time closing construction to permanent program with a rate float down feature.
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| Fixed Rate Mortgages |
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A fixed rate mortgage guarantees the interest rate for the life of your loan. This loan offers a predictable monthly payment which provides you with the repayment of the principal and interest. A long term mortgage offers lower monthly payments and greater buying power, but the interest rate will generally be higher than a short term mortgage. A short term mortgage builds the equity in your home faster. However, monthly payments are approximately 15% to 20% higher per month than with a long term loan.
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| Adjustable Rate Mortgages (ARMS) |
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(ARM) - An adjustable rate mortgage's interest rate rises and falls with an index tied to market conditions. The loan has a cap to protect you from substantial increases in market rates and the terms of the mortgage explain how much the rate can be changed over the life of the loan. An ARM can offer you a lower initial interest rate than other loan options, which may help you qualify for a larger loan. The adjustable rate mortgage is also available through short- and long-term financing.
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| Jumbo Mortgages |
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We offer a range of fixed rate and ARM programs for loan amounts exceeding the standard Fannie Mae® loan limit of $417,000. |
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| Construction/Permanent Home Loans |
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If you're considering building a home, this loan offers you the advantage of having both your construction loan and permanent financing in one package with one closing. The rate of the loan is protected while you build your home, and funds are dispersed based on the construction percentage completed. There is a variety of financing options from which you can choose.
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For more information on Mortgages through Carolina First, you can
submit
a contact form, call 877-637-6718 or visit any of our branches.
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