Your dream home starts here!

Finance up to 97% of your home’s purchase price. With a First-Time Homebuyer Mortgage, you can get into the home of your dreams sooner, lock in great mortgage rates, and keep more money in savings. With a down payment of 3% or more, you may be able to avoid paying for private mortgage insurance!

This mortgage is beneficial if you:

• Want to avoid the expense of private mortgage insurance.
• Have less than 20% for a down payment.
• Are buying your first home

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Get into your new home sooner with no down payment! With a Zero Down Mortgage, you can start paying toward a home you’ll own.

This mortgage is beneficial if you:

• Have less than 5% of the purchase price to put down.
• Want to start building equity in a home you own.
• Want to have more term options.

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Exclusively available for borrowers with certain advanced degrees in specific fields. Options include those with or without private mortgage insurance and may not require a down payment. Student loan debt may be excluded from debt-to-income considerations.

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With a fixed-rate mortgage, the monthly principal and interest payments remain the same throughout the life of the loan. This means your monthly payment would only change due to property taxes or insurance. Centra offers 10-, 15-, 20-, or 30-year terms.

This mortgage is beneficial if you:

• Plan to stay in your home for 10 years or more.
• Prefer a payment that doesn’t change.
• Want your interest rate to remain the same.

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Adjustable-rate mortgages are different from fixed-rate mortgages in that you’ll have a fixed rate for a certain number of years at the beginning of your loan, and then the rate may change periodically based on your term. ARM products typically have lower fees and closing costs than traditional fixed-rate products. Centra currently offers a 10/1, 7/1, 5/1, 3/1, 3/3, and 5/5 ARM. Learn more about ARMs here.

This mortgage is beneficial if you:

• Only plan on owning your home for a short time.
• Want lower payments at the beginning of the loan.
• Think interest rates might go down in the future.

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Construction loans offer short-term financing that lets you build your dream home or remodel your current home! Make interest-only payments on the amount you need to borrow until construction is complete. 100% financing is available!

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A $0 Closing Cost Mortgage can save you thousands of dollars on the initial cost of your mortgage!

This mortgage is beneficial if you:

• Want to keep more cash on hand.
• Are looking to refinance without the major expense of closing costs.
• Want to finance for a short term.

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You might not always have a sizable down payment or perfect credit, but an FHA loan can help you buy with more flexible financing options. The Federal Housing Administration (FHA) helps buyers achieve the dream of affordable home ownership.

• Fixed and adjustable rates available.
• No income limitations.
• Maximum loan amounts based on county as set by FHA.
• Mortgage insurance is required.

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Eligible veterans, reservists, and Active Duty personnel and their eligible spouses with suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) can take advantage of 100% financing options with a VA Mortgage, guaranteed by the Department of Veterans Affairs.

• Fixed and adjustable rates available.
• Maximum loan amounts determined by property location.
• No private mortgage insurance (PMI) or upfront mortgage insurance premium (UMIP) required.
• Property must be occupied by the veteran as their primary residence.

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USDA loans offer options that require no down payment for a new project, recently constructed home, or current home in eligible rural or suburban communities. If you don’t have a large down payment and you meet the USDA requirements, this option could be a great fit.

• No down payment required.
• Monthly mortgage insurance based on price of the home as defined by rural development.
• Household income must meet certain guidelines.
• The home to be purchased must be located in an eligible rural area as defined by USDA.

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Are you looking for your own little slice of land? Centra offers land/lot loans for plots that are 10 acres or less.

• Loan can cover 80% of purchase price.
• 15-year term or 15-year balloon with a 30-year amortization.

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