Mortgage Loans

Congratulations! You are ready to purchase a new home!

Buying a home is one of the biggest purchase decisions you’ll ever make. But getting a mortgage loan doesn’t have to be difficult. That’s why 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.

No origination points • Quick approval process • Mortgage serviced locally

Purchasing a new home or refinancing your present home? We have you covered.*

Mortgage Loan Options

   Apply Online!

or call (985) 867-8867

Home Loan Services – Locally Grown Mortgages

What does local servicing of your mortgage mean to you? It means decisions about your mortgage loan are made locally by people you know and can trust.

Benefits of having your mortgage serviced locally include:

  • First Castle FCU handles your payments.
  • You can talk directly to your loan officer with any mortgage questions.

Our member service representatives are MLS licensed by the State of Louisiana ( First Castle Federal Credit Union (NMLS ID 772409)  and do not earn a commission on your mortgage.  This ensures that you work with someone who is accredited and someone whose primary goal is to walk you through the process with no pushiness.  We give you personal guidance from first call to closing.


We at First Castle FCU pride ourselves on our ability to close a home loan quickly.  We are able to do this because all of the decision making is done here in our community.  We don’t have to send the paperwork to headquarters and wait for a response. With First Castle FCU, the time between your application and your home closing is much faster than the average mortgage company, and we are proud of that.

Our #1 priority is you.

Read about pre-qualifying for a mortgage and more on applying for a home loan.

Piggyback Mortgage Loan a.k.a 80/10 Loan

white house with porch "mortgage loans with less down and no PMI" When purchasing a home with less than 20% down payment, the borrower will likely have to purchase mortgage insurance (Private Mortgage Insurance “PMI”or Mortgage Insurance Premium “MIP”).

This extra out-of-pocket expense is added onto the mortgage note each month until you can drop the mortgage insurance.

To avoid paying for mortgage insurance, a home buyer might consider a piggyback mortgage – often referred to as an 80/10 because:


  • 80% is a first mortgage,*
  • 10% is a simultaneous second mortgage or HELOC loan, which acts as the other half of your down payment to reach the full 20%, and mortgage insurance is no longer a requirement.

Your down payment of 10%, plus closing costs are your out of pocket expenses. **


For Any Home Loan Call First Castle

home equity line of credit Covington LA, Slidell, LA

For any mortgage loan, please contact our home mortgage specialist for more information, current rates or to see how you may qualify –(985) 867-8867

   Apply Online!

or call (985) 867-8867




Home equity early disclosure



*At 4.32% APR, 360 monthly payments of $49.60 per $10,000 borrowed. Not every borrower will qualify for the best interest rate.  APR based on many factors, including the creditworthiness of the borrower. APR = Annual Percentage Rate

** 10% down of the amount financed. Buyer is still responsible for all closing costs. All normal qualifications apply.  Not everyone will qualify for this product.