The Tobacco Valley Teachers Federal Credit Union offers a variety of Mortgages* to fit our member's needs. Mortgages offered include:

Conventional Mortgage

Fixed and Adjustable rates. Loan to Values up to 97% with loan terms of 10, 15, 20, 25, and 30 years. One to four family homes allowed, starting with credit scores at 620. Owner Occupied and Investment available.

Home Ready and Home One Mortgages

Conventional options for borrowers looking to purchase with a low down payment or refinance with limited equity.

FHA & 203k Rehab Mortgage

Loan to Values of 96.5% with credit scores starting at 580. Home must be an owner-occupied home. Down payment can be a gift from a close family member. One to four family homes allowed with 3 months reserves for three and four families only. This government loan will have an additional 1.75% charge to closing cost that funds the government insurance for this loan. This fee can be incorporated inside the loan.

Home Possible Mortgage

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.

VA Mortgage

For those who have served in the Armed Forces. Loan to Values up to 100% on Purchase and Refinance. One to four family homes with credit scores as low as 620. No PMI required and all homes must be owner occupied. The VA insurance will charge 2.15% to the loan in the closing cost that can be included in the loan. Disabled veterans upon approval incur no fee.


For eligible homes in rural areas. Loan to Value up to 100% with credit scores as low as 580. Single-family owner-occupied homes, condos included. Available to member buying in USDA towns and with permitted income limits. 

HomeReady Conventional

First-time homebuyer, 3% down payment, lower PMI, lower rates (income-based).

Reverse Mortgage

For seniors over the age of 62. A great way to tap into unused home equity without making monthly payments. Use the funds to supplement retirement income, pay off existing mortgage, or consolidate debt.

Mortgages also offered in the following states through our Mortgage partner.*
Massachusetts, Rhode Island, New Hampshire, Maine, Florida, Georgia and South Carolina

View Current Rates     Apply Now

Mortgage Express

Our Mortgage Express is a beneficial option for those looking to pay-off their mortgage in 15 years or less without going through the added time and expense of a residential first mortgage refinance. Plus there are NO CLOSING COSTS! There is only a $350 Application Fee. Our staff will assist you through the simple process and get you closer to your future dreams!

  • LOW fixed rate
  • NO points
  • NO attorney fee
  • NO credit report fee
  • NO recording fee
  • NO title insurance fee
  • NO flood certification fee
  • NO prepayment penalty

View Current Rates   Apply Now

Member Discount on Homeowner's Insurance

Members may purchase homeowner's insurance at a discounted rate through our insurance partner TruStage. For more information call 844-337-5830 or visit**

*Mortgage products offered in partnership with Allanach Mortgage Group, broker's license
CT ML2894 – MA MC2894 – RI 20051935LB – NH 5616MB
ME  CS04501 - FL MLD1444 – GA 65192 - SC MLS 2894

**The insurance offered is not a deposit and is not federally insured by NCUA.  The insurance is not guaranteed by the credit union nor an obligation of the credit union. The insurance may lose value.


Go to main navigation