Home Loans

You found the perfect home. Let us help you with the loan. 

Whether you’re buying your first home, making a move, want to refinance your current mortgage, or need to tap into your home’s equity, UL Federal Credit Union has money-saving options.

First-Time Home Buyer

A great option for first-time home buyers. 

  • Down payment and closing costs assistance program for new and existing home purchases
  • Assists qualified low- and moderate-income home buyers obtain an affordable first-time home mortgage loan through a private lender
  • Up to $15,000 loan which may be applied toward down payment and/or closing costs
  • Secured by a second mortgage and carries a term of ten years (120 months)
  • Participants must meet income requirements and must purchase a home within Lafayette Parish
  • View eligibility requirements
  • View mortgage application checklist

Click here to learn more about home buying and shopping for a mortgage.

Call our Mortgage Team at 337-482-6956 / 1-800-232-9616 to schedule an appointment, discuss rates or request a free mortgage comparison.

Fixed-Rate

Lock in a mortgage rate and payment. Available for your primary home including mobile homes.

  • Up to 15 year term
  • Fixed rate mortgage
  • No down-payment required
  • Borrow up to 90% of the appraised value, not to exceed $400,000 (certain qualifications apply) 
  • No Private Mortgage Insurance (PMI)
  • No prepayment penalty
  • View our mortgage application checklist

Click here to learn more about home buying and shopping for a mortgage.

Call our Mortgage Team at 337-482-6956 / 1-800-232-9616 to schedule an appointment, discuss rates or request a free mortgage comparison.

Adjustable-Rate

This mortgage loan begins with a fixed interest rate for the initial term then adjusts according to an index. Available for your primary home including mobile homes. 

  • Up to 30 year term
  • Adjustable rate mortgage (ARM)
  • Borrow up to 90% of the appraised value, not to exceed $400,000 (certain qualifications apply) 
  • No down-payment required
  • No Private Mortgage Insurance (PMI)
  • No prepayment penalty
  • View our mortgage application checklist

Click here to learn more about home buying and shopping for a mortgage.

Call our Mortgage Team at 337-482-6956 / 1-800-232-9616 to schedule an appointment, discuss rates or request a free mortgage comparison.

Land

Our low down payment and flexible payment options make it easy to purchase your perfect piece of property.

  • Terms available up to 15 Year Fixed-Rate & 30 Year Adjustable-Rate (7/7)
  • Borrow up to 90% loan-to-value (LTV) of the vacant land, not to exceed $100,000 (certain qualifications apply) 
  • No Private Mortgage Insurance (PMI)
  • No prepayment penalty
  • View our mortgage application checklist

Click here to learn more about home buying and shopping for a mortgage.

Call our Mortgage Team at 337-482-6956 / 1-800-232-9616 to schedule an appointment, discuss rates or request a free mortgage comparison.

Refinance

Pay less for your existing loan! Let our Mortgage Team help you save money by moving your loan from another lender. 

Features

  • Refinance up to 90% loan-to-value (LTV) of the home, up to $400,000
  • Choose from fixed-rate and adjustable-rate mortgage options
  • No down-payment required
  • No Private Mortgage Insurance (PMI)
  • No prepayment penalty

Benefits

  • Lower your monthly payment
  • Get cash out to pay other debt
  • Pay off your mortgage sooner
  • Convert a variable rate mortgage to fixed rate mortgage

Click here to learn more about home buying and shopping for a mortgage.

Call our Mortgage Team at 337-482-6956 / 1-800-232-9616 to schedule an appointment, discuss rates or request a free mortgage comparison.

Home Equity

Use the equity in your home to fund renovations or other personal expenses. Considered a first mortgage (if home is paid for) or a second mortgage (if existing mortgage on home) with its own term and repayment schedule.

  • Term options of 5, 10, or 15 years
  • Borrow up to 90% loan-to-value (LTV) of the home less any first mortgage recorded, up to $150,000
  • No down-payment required
  • Choose from fixed-rate and adjustable-rate mortgage options

Click here to learn more about home buying and shopping for a mortgage.

Call our Mortgage Team at 337-482-6956 / 1-800-232-9616 to schedule an appointment, discuss rates or request a free mortgage comparison.

University of Louisiana Federal Credit Union NMLS #411258