St. Tammany Real Estate Mortgage Loans

First Mortgage Loan

First Castle Federal Credit Union can satisfy all of your mortgage loan needs. We offer great rates on conventional home loans. We have terms of 15, 20, and 30 years, and will loan up to 80% of the value of the home.

Purchasing a new home or refinancing your present home? We have you covered. Please contact our home mortgage specialist for more information or to see how you may qualify.

________________________________________

Refi-Express
Do you want to lower your monthly payments after you have made a large principal payment? Have interest rates declined since you did your mortgage?

If you answered yes to either of these questions our Refi-Express program may work for you.

What is it?
It is a streamlined process to refinance your mortgage loan that you already have with FCFCU. A modification agreement will be used to lower your monthly payment and/or reduce your current interest rate without going through the entire closing process.

Can I use it?
To be eligible to use the Refi-Express you must meet certain criteria. These are:

Must currently have a First Mortgage loan with FCFCU.
Must not have caused the Credit Union a loss. Must not be/or ever have been more than 10 days delinquent on any FCFCU loan.
Must have closed your current mortgage loan within one year of the Refi-Express application to apply for a rate reduction.
Must pay all and any unpaid interest due on the loan at the time of the Refi-Express change.
Members may only do one Refi-Express per original loan term.

A $250.00 processing fee is the only cost to participate. No additional closing documents and/or appraisal will be required. Any requests for additional funds and/or to extend the maturity date of the original loan will not be allowed on a Refi-Express. Other restrictions may apply. Please call the Credit Union for further details.

_____________________________________________________

Your House Has You Covered

First Castle FCU Home Equity Line of Credit Loan

You’ve put time and money into making your house a home. The house payments you’ve made have increased the equity in your home. And now it’s time to let your home give you something back. Take a well deserved family vacation, make home improvements, consolidate debt and more.

Why make a Home Equity Loan:

Low Rates that won’t raise the roof!
The ceiling’s the limit when you can borrow as much as 90% loan-to-value of up to $75,000.
Our budget-friendly terms are much cozier than those of high-rate credit cards.
You can spend the way you want whether for a new pool, computer, or a long-need vacation. How you improve your life is up to you.
Tax advantages are available when your loan is tied into your home loan. You may be able to deduct the interest you pay each month from your taxes!**
We slam the door on Closing Costs by offering low or no closing costs depending on loan amount.***

YES! I want to get started now and complete an application!

Give us a call today so we can help you put your house to work for you!

Free Credit Reports now Available
Louisiana consumers may now request a free copy of their credit report every 12 months. Find out how.

* Annual Percentage Rate based on the Wall Street Journal Prime rate minus .50%. Actual rate may vary depending upon individual credit score, term of the loan, and loan-to-value of the home. Interest rates are variable and may change the first day of each quarter based upon the prime rate stated in the Wall Street Journal. Once the loan is established the rate cannot be raised more than 2.00% per year and 6.00% during the entire original loan term up to a maximum rate of 18%. Owner-occupied Property. Maximum term 15 years with a draw period of five years depending on the loan term. The annual percentage rate can change quarterly on the first day of January, April, July, and October, following the published prime rate in the Wall Street Journal.

** Consult a tax advisor regarding deductibility of interest.

*** Includes customary closing fees. Does not include parish assessed documentation fees, title insurance, or certain recordation fees. Please call us for any costs you may incur, if any.

Real Estate Mortgage Loans for all of your needs - First Castle FCU