Mortgage Loans

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Ask us how you can avoid PMI with less money down.

Many mortgage lenders require a large down payment to avoid Private Mortgage Insurance (PMI). We don’t. Our adjustable rate mortgages do not require PMI unless you borrow more than 90% loan to value. That means you keep more of your money for moving, furnishing–whatever you need to make that house yours. 

Talk to us about how you can save money with a competitive mortgage rate and lower down payment– whether you need an ARM or fixed rate, standard or jumbo.

 See all rates. 

Not a member yet? Our community-based charter allows anyone who lives, works, worships or attends school in Greenville County to join. 

Adjustable Rate Mortgage (ARM)

Need a great rate and a lower down payment? Greenville Federal Credit Union provides ARMs up to 97%* loan to value that generally have lower initial rates than fixed rate mortgages. We charge a 1% origination fee to underwrite and process your loan request. Private mortgage insurance is not required unless you borrow more than 90% loan to value. Our ARM rates cannot change more than 8% up or down over the life of the loan. The credit union manages and services your loan locally.  Apply now.

Two-year ARM

  • Initial rate, and principal and interest payments fixed for two years
  • Rate cannot change more than 1% every two years 

Five/One ARM

  • Initial rate, and principal and interest payments fixed for the first five years
  • After five years, rate cannot change more than 1% each year

*For first time home-buyers, 95% after.

Fixed Rate Mortgage

Choose a term of 10 to 30 years and apply through us for a competitive fixed rate mortgage. A fixed rate may make sense when rates are low and you expect to stay in your home more than seven years. Mortgages up to 97% loan to value are available.  Rates change daily – check back often to make sure you have the most current rate information. Apply now.

Refinance for a Better Rate

Refinancing your existing loan is a great way to lower your monthly payment, shorten the term of your loan, or reduce the amount of interest that you will pay over the life of your loan. With interest rates at all time lows there couldn’t be a better time to consider refinancing your existing loan for a better rate. Apply now.     

Other Mortgage Options

  • Jumbo rates
  • Unimproved Property
  • Primary Residence
  • Secondary Residence
  • Investment Property

*Five/One Adjustable Rate Mortgage (ARM): Annual Percentage Rate (APR) quoted assumes our Five/One ARM of $100,000 without private mortgage insurance (PMI) for a term of 30 years. Initial interest rate of 5.75%. Initial monthly principal and interest of $583.58. Rate floor is 4.00%. Escrow may be required. PMI is not required unless you borrow more than 90% loan to value (LTV). APY includes 1% origination fee and 30 days interim interest paid at closing. This limited-time rate applies to new loans and refinanced loan amounts not currently held by the credit union. Limited to borrower’s primary or secondary residence located in SC. Adjustable rates cannot change more than 8% over the life of the loan. Excludes attorney, title, tax, recording, survey, pest inspection, and other fees. $625 appraisal and $10 flood certification are required. Other closing costs may apply. Initial rate set independent of current index plus margin. Other property and underwriting restrictions apply. Mortgage loans are subject to credit approval.

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's Web site (

Pre-Approval or Pre-Qualification Letter

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Current Rates

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Equal Housing Lender


For general questions about mortgage, refinance or home equity loans call our Contact Center or email

Download our Mortgage Services Flyer for more information on our loan services and the loan process.