We are committed to getting you into your dream home.
You are ready to take the plunge on a major life purchase — a new home. But, like many, you’re faced with a challenging market, one that is uncertain at best.
As your financial partner for life, we remain committed to helping you achieve your financial goals. We are proud to offer our NEW Adjustable Rate Mortgage Program¹ featuring an interest-only monthly payment and flexible term options. Uniquely designed to get you into your dream home – without breaking the bank.
Why our member-exclusive program is for you:
Lower monthly payments
as a result of the interest-only (no principal) payment feature
Adjustable rate loans
1/1, 3/3, and 5/5 terms allow for flexibility
Loans to $2,000,000
to increase your home affordability
from our experienced mortgage professionals
Second homes/condominiums eligibility
for a variety of qualified property types
No Mortgage Insurance
increasing your purchasing power
Lafayette Federal offers nationwide membership eligibility!
Already a member?
¹Offer applies to a 1/1, 3/3, or 5/5 Adjustable Rate Mortgage (ARM) only. Rate adjusts as indicated by loan term. For example, a 1/1 ARM has a fixed rate for one year then can increase or decrease each (1) year thereafter. At the end of the loan term, a final lump sum principal payment is due. Maximum Loan-to-Value for each property type is as follows: Primary Residences up to 90%; Second Homes up to 80%; Condominiums up to 75%; Investment Properties up to 65%. Other restrictions may apply. Must be eligible for membership. $50 minimum balance required to open and earn 0.10% APY (APY = Annual Percentage Yield) on Lafayette Federal share savings account balances. Rates current as of January 1, 2023 and subject to change without notice. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal Credit Union is an Equal Housing Lender. NMLS# 464425.