Competitive mortgage financing is here in your community, not thousands of miles away with someone you’ll never meet. Home ownership opens the door to a sense of pride and a connection to your community. We offer decades of experience in the mortgage lending arena. Unlike the “online” and “out-of-town” lenders, we know the local real estate market and the industries that drive the economy. Like you, we live and work here. So, we take a straightforward approach because you aren’t just transactions to us. You’re our neighbor and we want to build a lasting relationship with you. We understand that buying a home can be a stressful process. It’s our job to be your trusted advisor, manage your expectations, and get you the keys to your new home quickly with the financing that you can afford. For us, it’s all about you and it’s just that simple.

The perfect home. The right financing. It’s all here at Carter.

A conventional mortgage or conventional loan is any type of homebuyer’s loan that is not offered or secured by a government entity, like FHA, VA, USDA, but rather available through or guaranteed by a private lender or the two government-sponsored enterprises, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.


  • Do not come with the amount of stipulations that FHA loans do.
  • The rules and regulations are far less strict with conventional loans in many cases.
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An FHA loan is a home loan that is insured by the FHA (Federal Housing Administration). That offers a guarantee to the bank: if a customer fails to repay the mortgage, FHA will step up and repay the bank instead.


  • Smaller down payment
  • Fixed rate
  • Flexible loan terms
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USDA loans are zero-down-payment mortgages for rural and suburban homebuyers. They’re mainly for borrowers who aren’t wealthy and can’t get a traditional mortgage.


  • No Down Payment Required.
  • Competitive Rates.
  • Flexible Credit Guidelines
  • No Maximum Purchase Price
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The Veterans Administration (VA) helps Service members, Veterans, and eligible surviving spouses become homeowners. The VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.


  • Interest Rate Reduction Refinance Loan (IRRRL)
  • Native American Direct Loan (NADL) Program
  • Adapted Housing Grants
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Refinance with No Appraisal

The Home Affordable Refinance Program (HARP) is a government program that was established in 2009 for Freddie Mac- and Fannie Mae-held mortgages. HARP provides the opportunity for homeowners to refinance at a lower rate when they have “under water mortgages.” HARP addresses situations where the homeowners’ property value has fallen, causing them to no longer qualify under traditional underwriting criteria. Homeowners with a loan owned by Freddie Mac or Fannie Mae have the opportunity to refinance without an appraisal.

Eligibility and Criteria

  • Your loan is owned or backed by Fannie Mae or Freddie Mac
  • Your mortgage is upside down or your current loan-to-value ratio is greater than 80%
  • You are current on your mortgage payments (no 30-day late payment in the past six months or no more than one late payment in the past 12 months)
  • Your home is your primary residence, second home, or investment property
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A portfolio loan is a loan that is serviced by the lender that issued the money. Loans that are issued by a lender are packaged together with other loans and sold in the secondary market. With a portfolio loan, the lender that initially wrote the loan is going to hang onto it and keep it as part of their investment portfolio.


  • Service the loan from another location
  • Customers will be able to keep their relationship with the lender that they originally worked with
  • Customers will be able to contact their lender whenever they have a problem
  • Better customer service experience
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The calculators on our website are provided for informational purposes only. Carter Bank & Trust and its affiliates disclaim any warranties, endorsement or representation, expressed or implied, related to these resources.

Frequently Asked Questions