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Empower Your Financial Savvy

Through our free workshops members learn practical tips on how to reach goals and improve their personal finances.

The right loan turns a nice house into your next home.

Friendly financing. Sure, it means that our professional lenders will help you every step of the way. But it also means that you get a loan that's easy to live with for the long haul.

The right mortgage can save you thousands over the years. It can help you build equity and financial security. It can keep your cash flow comfortable. What's the right loan look like? Our experienced team can help you figure that out. Come see what our one-on-one approach to lending is all about.

  • Up to 100% financing available
  • No Private Mortgage Insurance (PMI) for qualified loans*
  • Loan options ranging from 10 to 30 years
  • Fixed-rate and adjustable-rate options available
  • First-time homebuyer programs
  • FHA Loans that feature lower down payments and flexible credit guidelines for people with modest incomes
  • VA Loans offer 100% financing and other advantages for active duty military, veterans and reservists
  • USDA Loans offer attractive features for people who want to live in rural areas or select suburbs 
  • Lending is limited to North Carolina


Home Refinancing

  • Reduce your interest rate or change your repayment period
  • "Cash-out" payments available for borrowers with sufficient equity
  • Up to 95% financing of appraised value for Summit Credit Union loans
  • Up to 96.5% financing of appraised value available for FHA Loans

Meet Your Home Loan Professional

Call to make an appointment with and meet one of our home loan professionals. They can help with the following.

  • Home loan options
  • Down payment and closing requirements
  • Preparing to buy
  • Credit score concerns
  • Documents needed
Dirk Spainhour

Dirk has been a Mortgage Originator at Summit Credit Union for 11 years. He is the Sr. Mortgage Originator for the team and brings with him over 28 years of mortgage lending experience. Dirk has worked in all phases of the mortgage industry from origination, processing, closings, and the servicing aspects. He loves what he does and works to make sure that the member needs are his priority.

  • Serving Western Greensboro, High Point, Winston-Salem, and Other Areas of Central North Carolina
  • Office phone: 336-662-6120
  • NMLS ID 464620
Patrick Featherstone

Patrick has been a Mortgage Originator with Summit Credit Union for over 5 years. He has 25 years of lending experience, both in consumer and mortgage lending. He is based in our Hickory branch and is available to serve our members in Hickory and other areas of Western North Carolina. Patrick is very passionate about helping members get to the home buying finish line.

  • Serving Hickory and Other Areas of Western North Carolina
  • Office phone: 828-267-5768 ext. 6565
  • NMLS ID 810170

Summit Credit Union is a full-service financial institution with eight branches throughout North Carolina.

*100% financing is available for well qualified buyers. Subject to credit approval. Applicable for 30-year variable and 15-year fixed loans only. Home Loan lending is limited to North Carolina. 

Maximum loan-to-value varies depending on the property type. Possible costs include appraisal, attorney fees, flood insurance, recording fee, survey, tax stamps/mortgage tax, title insurance, title search. 

Summit Credit Union NMLS ID 446557

Frequently Asked Questions

For Fixed rate Conventional, FHA, and USDA loans, a borrower needs to have at least a 640 and above credit score. There are some programs that will allow below 640, but very few and are very hard to get an approval on.

There are two First Time Home Buyer loans that require 3% of the purchase price as down payment and a third one that requires 3.5%. If you have owned a home in the last 3 years, then you are required to put 5% down on a Conventional loan or 3.5% on an FHA loan. USDA and VA loans may allow for no down payment.

If you are only doing a refinance to payoff the first mortgage and nothing else, then you are allowed to go to 95% of the current value of the home. If you are paying off any other debts or getting cash-out, then you are limited to 80% of the current value of the home. There are some specialty loans that allow different amounts, but those are considered Non-Conventional loans.

Our Home Loan rates change daily. Our current rates can be found here.

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