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Your dream home starts here!

Affordable mortgages from Centra Credit Union

Whether you’re ready to buy, build, or remodel a home, you’ll find mortgage options that fit your wants and needs with Centra!

Speak with one of our experienced mortgage loan consultants today!

Find a Loan Consultant

Experience Centra’s personalized service!

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Competitive rates & flexible terms

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Tailored guidance from mortgage experts

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Streamlined online application process

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Commitment to Member satisfaction

Empowering your homebuying journey

We simplify homebuying experiences while offering great, affordable mortgage options. Check out our educational resources below!

 

Learn more with our Homebuyer’s Guide!

Click the button below, enter your name and email address, and learn how Centra can help you secure your first home.

Check it out!

Watch our mortgage resource videos!


Learn more about our home loans with videos including tips for construction loans, first-time homebuyers, purchasing a home when interest rates are higher, and more! Use the video player to the right to get started, and click the playlist icon in the top right corner of the video to see the entire playlist.

Featured Mortgage Products

First-Time Homebuyer

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

Apply Now!  View Our Rates

Zero Down / 100% Purchase

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.

Apply Now! View Our Rates

Professional Purchase Program

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.

Apply Now! View Our Rates

Fixed-Rate Mortgage

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.

Apply Now! View Our Rates

Adjustable-Rate Mortgage (ARM)

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.

Apply Now! View Our Rates

Construction Loan

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!

Apply Now! View Our Rates

$0 Closing Cost

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.

Apply Now! View Our Rates

FHA Loans

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.

Apply Now! View Our Rates

VA Loans

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.

Apply Now! View Our Rates

USDA Loans

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.

Apply Now! View Our Rates

Land / Lot Loans

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.

Apply Now! View Our Rates

How much can you afford?

Check out our interactive mortgage calculator and estimate monthly payments based on the loan amount, interest rate, and down payment.

Mortgage Calculator

Meet our team

Maggie De La Rosa
Mortgage Loan Consultant
[email protected]
812-314-0228

Malina Albertson
Mortgage Loan Consultant
[email protected]
812-314-0446

Lora Cochran
Mortgage Loan Consultant
[email protected]
317-395-2244

Samantha Rich
Mortgage Loan Consultant
[email protected]
812-314-0310

Kristina Linville
Mortgage Loan Consultant
[email protected]
812-314-0466

Amanda Johnson
Mortgage Loan Consultant
[email protected]
812-405-1964

Tammy Hercamp
Mortgage Loan Consultant
[email protected]
812-314-0230

Leah Ott
Mortgage Loan Consultant
[email protected]
812-280-2836

Lynne Coverdale
Mortgage Loan Consultant
[email protected]
317-370-0016

Putting Members First


Hear what one of Centra Credit Union’s Members has to say about working with Centra during their homebuying experience. Centra goes the extra mile to center homebuying experiences around our Members.

Find the hidden cash in your home

(Hint: It’s not under the couch cushions)

Take advantage of your home’s equity! Not ready to refinance? No worries! You might be able to use the equity in your home to finance your next project.

Find out more!

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