woman holding a model house for mortgage loan page

As Little As 5% Down Payment

Buy a home with a smaller down payment – as little as 5% down**- and avoid paying expensive mortgage insurance each month.  

Avoid Private Mortgage Insurance (PMI)

“Families could be spending nearly $200 a month on (mortgage) insurance.  That’s as much as a car payment!”*

When you buy a house with a down payment of less than 20 percent, many lenders require that you to pay for expensive mortgage insurance.  But here at First Castle, we have mortgage options to help you avoid paying mortgage insurance.

Fill Out the Form Below – We’ll Give You a Call!

First Castle Federal Credit Union logo

(985) 867-8867

Covington | Slidell | New Orleans

No origination points • Quick approval process • Mortgage serviced locally

FCFCU established 1934, federally insured by NCUA, equal housing lender


By submitting this form above, you authorize First Castle FCU to contact you at the telephone number or email provided for this home loan inquiry, even if you have previously registered on a Do Not Call registry or requested FCFCU to not send marketing information by email.  Any cellular/mobile telephone number you provide may incur charges from your mobile service provider.

*Investopedia.com – reference to Investopedia.com does not constitute an endorsement of their website or products.  Your individual situation may vary.

** 5% down of the amount financed. Buyer is still responsible for all closing costs. All normal qualifications apply.  Not everyone will qualify for this product.

^ The interest rate may change quarterly.  To determine your interest rate, we use the Wall Street Journal Prime Rate, plus a margin we assign based on your creditworthiness.  Interest rates may not increase by more than 2% annually and may never exceed 18% or the maximum permitted by law.

APR = Annual percentage Rate.  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