Skip to main content

Open the Door to Your Welcome Home Loan

Apply Now Comparison Chart

House mailbox
Moving Forward

unlock your homeownership potential

With lower down payments and options for limited credit history, owning your own home is now within reach. We’ve crafted our Welcome Home Loan with you in mind:

  • No Private Mortgage Insurance (PMI) required
  • Charlotte Metro pays your Appraisal, Credit Report, and Flood Certification fees
  • Options for those with limited credit history
  • 30-year fixed-rate term
  • No homeownership within the last 12 months
  • Most property types approved
  • Closing Costs can be paid by the seller
House mailbox
Mortgage Calculator
The Details

let’s talk numbers

  • Maximum loan amount: $500,000
  • Minimum loan amount: $50,000
  • Borrower contribution as low as $1,500 (closing costs not included)
Mortgage Calculator
Ask Mortgage

have a welcome home loan question?

If the Welcome Home Loan sounds like the perfect option for you, but you still have a few questions – reach out to us! We’ll respond to your message on or before the next business day.

have a welcome home loan question?

If the Welcome Home Loan sounds like the perfect option for you, but you still have a few questions – reach out to us! We’ll respond to your message on or before the next business day.

So… What’s the Difference?

home loan comparisons*

Below is an example of how Charlotte Metro’s Welcome Home Loan compares to an FHA and fixed-rate conventional loan. The consumer in this example has requested a loan amount of $250,000, currently maintains a credit score of 710, and is estimated to pay $1,800 in annual property taxes and $900 in annual homeowners’ insurance.

Swipe for more
fha
fixed-rate conventional
welcome home loan
interest rate
5.750% APR1
5.500% APR1
5.100% APR1
down payment required
$8,750
$12,500
$0
lender fee
$899
$1,350
$1,500
appraisal, credit report, & flood certification fees
$645
$645
$0
(Charlotte Metro pays)
other estimated costs2
$3,040
$3,040
$3,040
loan terms
30 years
30 years
30 years
principal & interest payment (p&i)
$1,433
$1,348
$1,479
escrow payment
$225
$225
$225
monthly pmi payment
$171
$139
$0
total monthly payment
$1,829
$1,712
$1,704

make a big impact

The payment difference between the Welcome Home Loan and conventional loan PMI payment is $139.

... so what?!?

With no down payment required, that extra $139 goes toward actually paying off your Welcome Home Loan rather than Private Mortgage Insurance (PMI) to the lender. This means you pay off your Welcome Home Loan faster than a conventional loan – because every cent builds your equity!

Apply for a Welcome Home Loan Ask Mortgage

ok, so here’s the fine print: