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Move into your dream home with the help of lenders you can trust — who also happen to know all about the Louisiana real estate market!

Whether you are looking to purchase a new home or refinance your current one, look no further than Pelican State Credit Union for an affordable low-rate mortgage.

  • Great low rates
  • Local decision-making
  • Several loan options and terms
  • Fixed-rate loans — multiple terms available
  • Adjustable Rate Mortgage (ARM) loans
  • First-time homebuyer specials
  • Federal Housing Administration loans available
  • Insured by the FHA
  • Lenient credit requirements
  • Seller contributions now available1
  • Personal service

Special Home Sweet Home Mortgage Program

Enjoy 100% financing when you purchase a home up to $200,000!*

To qualify, you must:
  • Be a first time homebuyer purchasing a single family, primary residence (mobile homes excluded)
  • Have a maximum household income of $75,000
  • Have a 590 credit score or higher
  • Have a debt-to-income ratio of 50% or less (i.e. your total debt cannot be more than half of what you make in a year)
  • Attach Escrow to the mortgage
The details:
  • Must be a 30-year term
  • Financing ranges from $15,000 - $200,000
  • Rates as low as 4.5%
  • Private Mortgage Insurance (PMI) not required for this program


*Home Sweet Home Mortgage: Pelican State CU membership/membership eligibility required. To have a loan with Pelican, you must open a primary savings account with Pelican State CU to become a member. There is a $10 minimum deposit to open a primary savings account and become a member ($5 to join + $5 minimum balance). Rate and term shown above are based on product, Loan to Value (LTV), collateral, and credit qualifications; not everyone will qualify for the advertised rate or Home Sweet Home Mortgage Program. Rates are subject to change at any time. Rates are not locked until a rate lock acknowledgement has been signed. Traditional fees and costs associated with mortgage closing and appraisals will apply. APR = Annual Percentage Rate. APR calculations are based on certain assumptions related to closing costs and fees. The APR is the cost of credit over the term of the loan expressed as an annual rate. For the starting rate of 4.5%, the APR is 4.543%. For a loan amount of $100,000, >=731 credit score, an owner-occupied property, and not taking including taxes and insurance, monthly payments of principal + interest only would be $506.69. All Pelican State Credit Union mortgages comply with federal and state regulations. Properties must be in Louisiana. Proof of homeowner’s insurance is required. Some restrictions apply. Reach out to the Pelican Mortgage Team for details. NMLS ID#635443.

When it comes to your home and family, you can never be too careful. Private Mortgage Insurance (PMI) is required of all first mortgage loans with less than 15% down payment. Homeowners must have proof of homeowners insurance.

Title Insurance is required for mortgages greater than $75,000. There's no better investment than a home that's safe and secure — both physically and financially.

Designed for credit union members like you, the TruStage Home Insurance Program provides top quality protection for your home that is designed to be affordable. This valuable coverage can help you protect your family's home and personal belongings. You'll also have access to outstanding online and 24/7 claim services.2

Get your free quote today by visiting the TruStage website or call 1-855-483-2149.

All Pelican State Credit Union mortgages comply with federal and state regulations.

1Membership required. This information is not an offer to extend consumer credit. Rates and terms are subject to change without notice. Product is offered through our partner, CU Members Mortgage. Applications will be processed using FHA guidelines. Some restrictions apply. See representative for details. 

2TruStage® Home Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.