Mortgage Loan Options | Neighbors Federal Credit Union
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Mortgage Loan 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
Start your application process

Lot/Land Loans

Purchase a lot or land prior to building.

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

Start your application process

Construction Loans

We’re here to help you build the home of your dreams.

• Flexible terms.
• Interest only payments.
• For primary residence only.

Start your application process

Conventional Mortgage Loans

Purchase and Refinance

With a wide choice of terms and competitive 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.


Apply Now

Start your application process

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.