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 home purchases
- Assists qualified low- and moderate-income home buyers obtain an affordable first-time home mortgage loan through a private lender
- Up to $11,000 loan which may be applied toward down payment and/or closing costs
- Secured by a second mortgage and carries a term of 15 years (180 months)
- Participants must meet income requirements and must purchase a home within Lafayette Parish
- View eligibility requirements
- View mortgage application checklist (PDF – new window/tab)
Learn more about home buying and shopping for a mortgage.
Call our Mortgage Loan Officer, Nadine at 337-482-5656 to schedule an appointment, discuss rates or request a free mortgage comparison.
Payment Sample:
A fixed-Rate loan of $100,000 for 15 years at 2.42% APR will have a monthly payment of $663.07.
A fixed-Rate loan of $100,000 for 30 years at 2.89% APR will have a monthly payment of $415.78.
*Rates are based on an evaluation of credit history, so your rate may differ.
*Taxes and insurance not included; therefore, the actual payment obligation will be greater.
Fixed-Rate
Lock in a mortgage rate and payment. Available for your primary home including mobile homes.
- Up to 30-year term
- Fixed-Rate Mortgage
- Borrow up to 80% of the appraised value without Private Mortgage Insurance, not to exceed $400,000 (certain qualifications apply)
- No prepayment penalty
- View our mortgage application checklist (PDF – new window/tab)
Learn more about home buying and shopping for a mortgage.
Call our Mortgage Loan Officer, Nadine at 337-482-5656 to schedule an appointment, discuss rates or request a free mortgage comparison.
Fixed-Rate Mortgages do not adjust after consummation of the loan.
*Rates are based on an evaluation of credit history, so your rate may differ.
*Taxes and insurance not included; therefore, the actual payment obligation will be greater.
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 80% of the appraised value without Private Mortgage Insurance, not to exceed $400,000 (certain qualifications apply)
- No prepayment penalty
- View our mortgage application checklist (PDF – new window/tab)
Learn more about home buying and shopping for a mortgage.
Call our Mortgage Loan Officer, Nadine at 337-482-5656 to schedule an appointment, discuss rates or request a free mortgage comparison.
Adjustable-Rate Mortgages (ARMs) begin with a fixed interest rate and then adjust up or down after the initial term. For example, a 7/7 ARM would have the same interest rate for the first 7 years, and then the rate would adjust every 7 years after that.
*Rates are based on an evaluation of credit history, so your rate may differ.
*Taxes and insurance not included; therefore, the actual payment obligation will be greater.
Land
Our low down payment and flexible payment options make it easy to purchase your perfect piece of property.
- Terms up to 15 Years
- Borrow up to 90% loan-to-value (LTV) of the vacant land, not to exceed $150,000 (certain qualifications apply)
- No Private Mortgage Insurance (PMI)
- No prepayment penalty
- View our mortgage application checklist (PDF – new window/tab)
Learn more about home buying and shopping for a mortgage.
Call our Mortgage Loan Officer, Nadine at 337-482-5656 to schedule an appointment, discuss rates or request a free mortgage comparison.
*Rates are based on an evaluation of credit history, so your rate may differ.
*Taxes and insurance not included; therefore, the actual payment obligation will be greater.
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 80% of appraised value without Private Mortgage Insurance
- Choose from fixed-rate and adjustable-rate mortgage options
- 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
Learn more about home buying and shopping for a mortgage.
Call our Mortgage Loan Officer, Nadine at 337-482-5656 to schedule an appointment, discuss rates or request a free mortgage comparison.
*Rates are based on an evaluation of credit history, so your rate may differ.
*Taxes and insurance not included; therefore, the actual payment obligation will be greater.
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.
- Up to 15 year term
- 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
Learn more about home buying and shopping for a mortgage.
Call our Mortgage Loan Officer, Nadine at 337-482-5656 to schedule an appointment, discuss rates or request a free mortgage comparison.
*Rates are based on an evaluation of credit history, so your rate may differ.
*Taxes and insurance not included; therefore, the actual payment obligation will be greater.
University of Louisiana Federal Credit Union NMLS #411258