Home Mortgages
Your Dream Home Starts Here.
Whether you’re buying a home, refinancing, or tapping into equity — MTC Federal’s mortgage team delivers personalized rates, fewer fees, and guidance at every step.
Mortgage Calculator
Estimate your monthly payment, see how different down payments affect your budget, and factor in taxes and insurance — before you even apply.
Mortgage Solutions
Find the Right Mortgage for You
Home Purchase
First home or your next one — our mortgage experts find the loan that fits your budget and goals. Flexible down payment options and competitive fixed & adjustable rates.
Home Equity (HELOC)
Access the equity you’ve built for renovations, education, debt consolidation or anything else. Flexible draw periods and rates that beat most personal loans.
Home Refinancing
Lower your monthly payment, shorten your term, or consolidate debt. Our refinance options help you make your mortgage work harder for your financial goals.
*Consult a tax advisor regarding the deductibility of interest.
Mortgage Loan Specials
More Opportunity to Own the Home You Want.
Rates effective as of July 2nd, 2026. Subject to change.*
7-1 ARM as low as 5.75%*
If you're looking to reduce your monthly mortgage payment, a 7/1 ARM could be a smart solution. With a lower initial rate than many traditional fixed-rate mortgages, you may be able to save significantly while enjoying the stability of the same rate for the first seven years.
- Flexible down payment options
- Available for purchased and refinance transactions
- Lower monthly payments compared to many traditional mortgage options
No Money Down
First-Time Homebuyer
Buying your first home can feel challenging — but it may require less money upfront than you realize with the MTC Federal First Time Home Buyer program. If you’ve been waiting to buy because of upfront costs, this program could help make your first home a reality. Program Highlights:
- Up to 100% financing available.
- Only 1% of personal funds required.
- Seller, family, or other approved sources may help cover additional costs.
- Available to qualified buyers who have not owned a home in the past 3 years.
10% Down
No PMI Mortgage Program
Private Mortgage Insurance (PMI) can add hundreds of dollars to your monthly payment. With the MTC Federal No PMI Program, qualified borrowers can enjoy lower monthly payments without the added PMI expense. Program Highlights:
- Only 10% down payment required.
- No PMI.
- Available for purchase and refinance transactions.
- Lower monthly payments compared to many traditional mortgage options.
The Mortgage Process
From Application to Keys in Hand
Buying a home is a big step. Here's exactly what to expect when you work with MTC Federal.
Expert Insight
Speaking to a mortgage expert for personal service.
Get Pre-Approved
Full application review. A pre-approval letter shows sellers you’re serious.
Find Your Home
Shop confidently knowing your budget. Make an offer with your pre-approval in hand.
Underwriting
We verify details, order the appraisal and finalize your loan terms.
Closing Day
Sign the papers, get your keys. Welcome home — you did it!
Why Choose Us
Credit Union Mortgage vs. Big Bank
| MTC Federal | Typical Bank | |
|---|---|---|
| Personalized rate consultation | Call center only | |
| Fewer fees at closing | Higher origination fees | |
| Dedicated loan officer | Rotated between reps | |
| Member-owned, not-for-profit | Shareholder-driven |
Jeff Wheatley
VP of Mortgage
MTC Federal Credit Union
NMLS#: 420330
Jeff Wheatley brings more than 30 years of experience in mortgage and residential lending to his role as VP of Mortgage at MTC Federal. Throughout his career, Jeff has helped thousands of individuals and families navigate the home buying process with confidence, combining deep industry expertise with a practical, member-focused approach. Jeff is passionate about helping members make informed decisions about home financing, and he regularly shares insights to simplify the mortgage process and help hardworking families achieve homeownership.
Member Review
4.8 · 312 Google reviews
If you're looking for a mortgage lender that combines competitive financing with outstanding personal service, I highly recommend Jeff and the team at MTC Federal. They truly made homeownership a great experience.
Scott M.
Simpsonville, SC
Get Pre-Qualified
Start Your Mortgage Application
To speak with a lending expert today, call 800-277-8793, or simply fill out the form below and your dedicated representative will contact you.
Mortgage Solutions
Find the Right Mortgage for You
How to get Pre-Approved for a Mortgage
What pre-approval means, what documents you need, and why it gives you an edge in a competitive market.
10 Things to do Before Submitting Your Mortgage Application
The steps that separate a smooth closing from months of delays. Our lending team shares what they wish every applicant knew.
How Much Home can You Afford?
Use our mortgage calculator to estimate monthly payments, factor in taxes & insurance, and find your comfortable price range.
FAQs
Frequently Asked Questions
Yes—mortgages are provided to members. If you’re not yet a member, you can apply online; eligibility includes several employer/association groups and family/household relationships. We can help you complete membership and the mortgage application together if needed. See our Join Us and Eligibility pages for details.
Both estimate how much you might be able to borrow, but lenders use the terms differently. A pre-approval is generally based on verified information and is stronger for making offers; either way, neither is a guaranteed loan offer. Ask your loan officer which letter you’ll receive and how long it’s valid.
A rate lock holds your interest rate for a set period (commonly 30–60 days) while you finish the process, as long as your application details don’t change and you close in time. If your rate isn’t locked, it can change with the market. Your loan estimate and disclosures will indicate lock status and timing.
Conventional loans often require private mortgage insurance (PMI) when the down payment is under 20%. PMI protects the lender, not you, and can usually be removed when you’ve reached the equity thresholds set by law or your servicer’s policy. Program rules vary (e.g., FHA/VA/USDA). Your loan officer at MTC Federal will explain options for your situation.
Your monthly payment typically includes principal and interest, and many borrowers also use an escrow account so the lender/servicer pays property taxes and insurance when due. If items aren’t escrowed, you’ll pay them directly—often in larger, less frequent bills. We’ll show both scenarios on your estimates.
You’ll receive a Loan Estimate within three business days after submitting an application, and a Closing Disclosure at least three business days before closing. Use those windows to review details, ask questions, and resolve discrepancies before you sign
Expect recent pay stubs, W-2s or 1099s, federal tax returns, bank/asset statements, ID/SSN, and information about debts and the property. Exact items vary by borrower and program (for example, VA certificates or self-employed documentation). Your loan officer with MTC Federal Credit Union will present you a tailored list before you need to submit anything.
Ready to Start Your Home Journey?
Apply online, call us at 800-442-7792, or stop by any branch to meet with a mortgage specialist in person.