Mortgage Rates as Low as 6.375%*
The L&N 15/15 Mortgage plan is an adjustable rate mortgage that offers a rate lock for 15 years. That’s an adjustable rate mortgage with only 1 rate change in 30 years!
The 15/15 Mortgage Includes:
- Up to 95% Financing Available (to receive rate shown above, points and 80% loan to value required).
- No Closing Costs Available
- No PMI
- 30 Year Term
- Rate Locked in for 15 Years
- Competitive Rates
Active duty military, military veterans and first-responders will have underwriting and processing fees waived!**
If you have already applied for a Mortgage with us, please use the link below to access your account.
*15/15 rate of 6.375 available for 80% financing with points.
**Includes Army, Navy, Air Force, Marines, Coast Guard, Firefighters, Police and EMS. Must show valid I.D. New loans only. Offer subject to change at any time without notice. NMLS#531738
The L&N 15/15 Mortgage plan is an adjustable rate mortgage that offers a rate lock for 15 years. That’s an adjustable rate mortgage with only 1 rate change in 30 years!
30 Year Term Available
- Up to 95% Financing
- No Closing Costs Available
- No PMI
- Rate Locked in for 15 Years
- Competitive Rates
Rate adjusts after 15 years. This is only 1 change during the term of the loan. Ask for details. Approval based on credit qualifications. Terms of the program are subject to change.
The L&N 7/5 Mortgage plan is an adjustable rate mortgage that offers an initial rate lock for 7 years. After the 7th year, adjustments occur every 5 years.
10, 15, 20, & 30 Year Terms Available
- Up to 100% Financing
- No Closing Costs Available
- No PMI
- Rate Locked in for the First 7 Years
Competitive Rates
The 7/5 adjustable rate mortgage is also available with normal closing costs and a lower interest rate. First rate adjustment occurs at year 7, then adjustments may occur every 5 years after the 7th year. Ask for details. Approval based on credit qualifications. Terms of the program are subject to change.
We never sell the servicing on our conventional mortgage loans!
So not only do you get competitive rates and terms, you get peace of mind knowing that you can count on L&N Federal Credit Union to always be there.
- Adjustable Rate
- Fixed Rate
- 10, 15, 20, & 30 Year Terms
Let L&N Federal Credit Union help you build the home of your dreams!
We offer a one-time closing, construction-to-permanent financing loan.
- Rate lock available at time of application
- Same rate during construction phase and permanent financing
- Primary residence
- Up to 90% financing
- No PMI
- 12 month construction phase
- 15/15 ARM loan program available
L&N Federal Credit Union Home Equity Programs all feature low rates, low payments, and easy access.
Home Equity Loans can be used for purchasing a new automobile, home remodeling, the vacation you’ve been longing for, or debt consolidation to pay off high interest rate credit cards.
With a Credit Union Home Equity Loan, your money is at your fingertips. You can transfer funds through internet banking, write a check, or contact your branch location and have your money deposited into your account. It is that simple.
- Interest Only
OR
- Term Home Equity
Five to ten year draw-periods are available, 90% Loan-to-Values,* and low closing costs. The Fixed Rate version features a maximum repayment period of 15 years, while the Adjustable Rate version has maximum repayment periods of 20 years, depending on the plan you qualify for.
* 90% LTV if L&N holds the first mortgage
Financing a home for the first time can be overwhelming. Our First-Time Home Buyers Program will take you through the home buying process step-by-step, and provide useful assistance throughout.
This program provides no discount points, no origination fee, reduced closing fees, and an Escrow account to pay for items such as property taxes and insurance. We can finance up to 97% of your purchase up to $647,200 with terms up to 30 years.
- Adjustable Rate
OR
- Fixed Rate
Choose the plan that fits you like a glove. This means you get affordable, convenient financing with a company that cares about your future.