First Charter Bank

First Charter Bank is a Charlotte, North Carolina based Bank that has more than fifty locations. They provide standard services such as savings, checking, money market accounts, CDs, insurance, trust services, mortgage banking, IRAs, and loans. Their loan portfolio is about one-third commercial real estate (including business, construction, mortgage, and consumer loans). First Charter Bank also has brokerage, leasing, and real estate subsidiaries. First Charter has been in business since 1888 and has grown steadily since its inception. They operate based on the motto “Expect More From Us,” and three principals: relationship banking, exceptional service, and community banking. The corporation currently holds $4.2 billion in assets.

First Charter Bank Mortgage Loan Options

First Charter offers a variety of home loan programs; one is bound to suit your needs. They offer the ever popular Fixed Rate Mortgage with terms of ten, fifteen, twenty, and thirty-year terms. Their Adjustable Rate Mortgage (ARM) comes with a variety of amortization options, including three, five, seven, and ten years. They offer the Adjustable Rate Mortgage as an Interest Only option. This option may suit you if you want very low initial payments.

First Charter also offers a 100% Financing option. This option comes just as it sounds; it offers borrowers 100% financing for their home purchase. They do not require a down payment or mortgage insurance, and it comes with a thirty-year amortization and fixed interest rate.

If you are interest in government backed loans, consider First Charter’s Federal Housing Administration and Veterans Administration Loans. Both of these loans feature liberal credit score requirements and minimal to no down payment requirements. If you are a first time home buyer and do not qualify for rather of these loan programs, inquire about other First Time Home buyer Programs First Charter offers.

First Charter also offers excellent Home Equity Line of Credit programs. They do not require application fees, attorney fees, or closing costs for this loan. Their Home Equity Line of Credit can be re-payed with a Fixed Rate or Interest Only plan.

First Charter does not accept online applications for any of their mortgage programs. They request that you apply in person at your nearest branch, or call their toll-free number to apply over the telephone.

First Charter is an Equal Housing Lender. They comply with the Fair Housing Act of 1968 and do not discriminate against borrowers based on color, race, national origin, religion, age, sex, familial status, or disability.

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