Open the Door to Your Welcome Home Loan

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:

Rates as low as 6.99% APR¹
No Private Mortgage Insurance (PMI) required
Skyla 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

$726,200

maximum loan
amount offered

$50,000

minimum loan
amount required

$2,000

MINIMUM DOWN PAYMENT
($2,500 for loans over $400,000)

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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 Skyla’s Welcome Home Loan compares to an FHA and fixed-rate conventional loan. The consumer in this example has requested a loan amount of $350,000, currently maintains a credit score of 700, and is estimated to pay $2,800 in annual property taxes and $1,200 in annual homeowners’ insurance.

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interest rate

7.250% APR¹

6.99% APR¹

down payment required

$12,250

lender fee

$3,500

$2,000

appraisal, credit report, & flood certification fees

$825

other estimated costs²

$5,000

loan terms

30 years

principal & interest payment (p&i)

$2,304

$2,387

escrow payment

$334

monthly pmi payment

$243

total monthly payment

$2,881

$2,721

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make a big impact

The payment difference between the Welcome Home Loan and conventional loan PMI payment is $160.

... so what?!?

With no down payment required, that extra $160 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

ready to get started?

applying for your welcome home loan

At this time, our Welcome Home Loans are only available for properties located in North or South Carolina. If you're interested in purchasing a home outside of the Carolinas, please visit our Home Loans page for mortgage options.

Apply for a Home in the Carolinas

Open the Door to Your Welcome Home Loan

unlock your homeownership potential

$726,200

maximum loanamount offered

$50,000

minimum loanamount required

$2,000

MINIMUM DOWN PAYMENT($2,500 for loans over $400,000)

have a welcome home loan question?

home loan comparisons*

make a big impact

ready to get started?

applying for your welcome home loan

ok, so here’s the fine print:

maximum loan
amount offered

minimum loan
amount required

MINIMUM DOWN PAYMENT
($2,500 for loans over $400,000)