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Mastering Your Credit Score: Strategies for Financial Success in 2025
Curious about how to build and maintain a robust credit foundation? Learn the essential habits such as timely bill payments and managing credit utilization effectively. Listen Now

Mortgage Loan Rates & Options

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

Scan with your smartphone to apply for any of the mortgage products below

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)

Apply Now

*Other conditions may apply.

Lot/Land Loans

Purchase a lot or land prior to building.

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

Apply now
View Rates

*Other conditions may apply.

Jumbo Mortgage

For mortgages between $766,550 and $1,000,000.

  • Up to 85% financing available on purchases and all refinances
  • NO private mortgage insurance (PMI) required
  • Minimum credit score of 720
  • Primary residence only in the following parishes: East Baton Rouge, Ascension, East Feliciana, Iberville, Livingston, Pointe Coupee, St. Helena, West Baton Rouge, West Feliciana

Apply Now
View Rates

*Other conditions may apply.

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 rate financing.
• Multiple down payment options.

Apply Now
View rates

*Other conditions may apply.

Neighbors Federal Credit Union NMLS ID# 421676

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