St. Luke Credit Union

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St. Luke Credit Union- a division of Generations
210 W. Boulevard
Williamston, NC 27892
(252) 792-1899

Generations Mortgage Program

Generations’ Mortgage Loan Program is for all members looking to purchase a home and includes: first time homebuyers, members seeking to refinance a home or those needing a second mortgages for home improvements or to pay for education. The credit union will guide you through the entire process beginning with pre-qualification.

The homebuyer mortgage program coupled with the home counseling workshops will successfully prepare members for homeownership while providing them access to an affordable product. For more information on obtaining a home loan or registering for a Homebuyers Workshop, please contact your local branch.

Generations offers:

• 2 year ARM (Initial rate is fixed for 2 years)

• 1% maximum change every two years (Rate will adjust every two years)

• 8% maximum upward adjustment over life of loan.


Other Information:

• Adjustment Index: One Year Constant Treasury Maturity

• Loan Term: 30 year fully amortizing

• Minimum Credit Score: None

• Origination Fee: 1% of loan amount

2008 Generations Community Credit Union