Purchase Power Mortgage

The biggest barrier to home ownership for most people? Coming up with the big  down payment that most mortgages require. Our Purchase Power Mortgage eliminates that upfront cost, allowing borrowers with solid financial histories to skip the years of saving and buy their own place right now.

• Ideal for first-time homebuyers
• No down payment required  
• Maximum loan amount $300,000
• Fixed interest rate
• No Private Mortgage Insurance (PMI) required
• Seller contribution up to 6% allowed

Requirements to qualify

• Minimum credit score of 660
• No slow payments in the last 24 months
• Judgments, liens, collections, voluntary or involuntary repossessions, charge-offs, federal and state tax liens must all be paid in full
• No open or active mortgage allowed qualifying for the product
• Maximum DTI (Debt to Income ratio) 40%
• Minimum 25 months of verified employment in the same or related field
• Two years W-2s and tax returns 
• Property must be located in East Baton Rouge, West Baton Rouge, East Feliciana, West Feliciana, Ascension, Iberville, Livingston, Pointe Coupee, or St. Helena parish
• Property must be a detached single family dwelling (no condos/town homes/mobile or manufactured/modular homes)