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Make owning your “home sweet home” even sweeter by choosing Centra for your mortgage!

We make buying a home simple and give you great options for affordable mortgage loans. Plus, we offer personalized service to give you the best possible loan experience.

Whether this is your first home or your last, we’ll help you figure out which options are best for you. Centra will provide you with all the information you need to make educated decisions. Not sure where to start? Visit our Mortgage Center for helpful information and guidance through every step of the process.

Fixed-Rate Mortgage

The monthly principal and interest payments remain the same throughout the life of the loan, your monthly payment would only change due to property taxes or insurance.

  • 10, 15, 20, or 30 year terms available

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

Adjustable-Rate Mortgage (ARM)

Your monthly payments will start out lower initially and will change depending on what term you chose. If you chose a 10/1 ARM for 30 years, your payment would stay the same for 10 years and the rate could then change annually for the remaining 20 years of the loan.

  • 10, 15, 20, or 30 year terms available
  • 10/1,  7/1, 5/5, 3/3, 5/1, & 3/1 ARMs available

Beneficial if you:

  • Plan to live in your home for only a few years
  • Like to have an initial lower monthly payment
  • Understand that your rate and payments may change

Zero Down Mortgage

Don’t waste money paying rent on a property you will never own. Take advantage of low mortgage rates now, and get in your dream home sooner.

Beneficial if you:

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

First Time Homebuyer Mortgage

Finance up to 95% of the home’s purchase. With a smaller down payment, you can get into the home of your dreams sooner, lock in great mortgage rates, and keep more money in savings. Make a down payment of 5% or more and you may be able to skip paying Mortgage Insurance.

Beneficial if you:

  • Want to save on Mortgage Insurance
  • Have less than 20% to put down
  • Are buying your first home

$0 Closing Cost Mortgage

A $0 Closing Cost Mortgage can save you thousands of dollars on the initial cost of your mortgage. It’s also a good option if you’re looking to refinance and lower your monthly payment without going through the expense of closing costs again.

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

Professional Mortgage

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.

Professional

FHA Mortgage

Homebuyers may not always have a sizable down payment or perfect credit. This option allows you to move into your home with more flexible financing options. 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

VA Mortgage

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-Rate and ARMs available
  • Max loan amounts determined by property location
  • No Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) required
  • The property must be occupied by the veteran as their primary residence.

USDA Mortgage

Offers options that require no down payment for a new project, recently constructed home, or current home in rural or suburban
communities. If you don’t have a large down payment and you meet the USDA requirements this option is great for certain
home buyers.

  • 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

Construction Loan

Short-term financing that provides the freedom to build your dream home or remodel your current home with the added benefit of paying interest only payments on the amount you need to borrow until construction is complete.

Construction