Mortgage Loan Rates & Options

Buying a home? Stay local. We offer a variety of mortgage loan options to fit your needs.

Purchase Power Mortgage

With 100% financing for purchases, a Purchase Power Mortgage is ideal for a first-time homebuyer.

  • No down payment required
  • Fixed interest rate
  • NO Private Mortgage Insurance (PMI) required
  • Seller contribution up to 6% allowed
  • Maximum loan amount $300,000
  • Maximum DTI (Debt to Income ratio) 40%

Requirements to qualify

  • Minimum mid 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
  • Minimum 25 months of verified employment in the same or related field
  • Two years W-2s and Tax returns required
  • 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)
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Lot/Land Loans

Purchase a lot or land prior to building.

  • Up to 100% financing available
  • Terms up to 12 years

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Conventional Mortgage Loans

Purchase and Refinance

With a wide choice of terms and competitive mortgage rates, our mortgage options work within your budget and fulfill your homeownership dreams.

• 10, 15, 20, or 30-year terms.
• Fixed or adjustable-rate financing.
• Multiple down payment options.


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Thank you for considering Neighbors FCU as your mortgage lender. Please fill out the information below and one of our mortgage team members will reach out to you.