Loans
NOFFCU Home Loans
Consider your credit union first when you are looking for a home loan. Whether you are thinking about repairs or bill consolidation, we have a loan for you!
Home Equity Loan*
Use the equity in your home to borrow at low rates. Equity is calculated by taking the current value of your home and subtracting any mortgage loan(s) outstanding.
- Fixed rate, closed-end loan
- Borrow up to 80% of the equity available in your home
- Loan amounts from $5000 to $150,000
- Competitive rates and repayment terms up to 180 months
- No pre-payment penalties
- No points or origination fees
- Apply today!
*Single family owner-occupied residences located in Louisiana and Mississippi
Find out more about NOFFCU home loan conditions.
Home Equity Line of Credit *
- Variable rate, open-end loan
- Interest only payments during the 5 year draw period
- Borrow up to 80% of the equity available in your home.
- Loan amounts from $15,000 to $150,000
- Repayment term up to 15 years after the draw period expires
- No annual fees and no pre-payment penalties
- No points and no origination fees
- Competitive rates
- Apply today!
*Single family owner-occupied residences located in Louisiana and Mississippi
What you should know about home equity lines of credit
No Equity Loan*
- No equity required
- Fixed rate closed-end loan
- Competitive rates and terms up to 120 months
- Borrow up to $25,000
- No pre-payment penalties
- No points and no origination fees
- Preferred members receive up to .50% discount on stated interest rate
- Apply today!
*Owner occupied single and double residential dwellings only
Vacant Land Loans
- Purchase undeveloped residential land
- Borrow from $5000 to $150,000
- Competitive rates and terms up to 180 months
- Low monthly payment
- Up to 80% financing of purchase price or appraised value, whichever is less with approved credit
- No pre-payment penalties
- No points
- Apply today!
1st Mortgage In-house Loans
- 15 year fixed rate loan to purchase or refinance your home
- Borrow up to 80% of the purchase price or appraised value, whichever is less with approved credit
- No discount points
- No pre-payment penalties
- Contact us for current rate information or to apply today
