Home Loans

Whether you're a first time homebuyer, looking to upgrade to a new home or simply interested in lowering your monthly payments, we have flexible loan programs that enable you to make the best financing choice.

With more choices and better rates, Essential FCU has a range of home and home equity loan options that can meet your needs and budget, while giving you:

  • Fast, convenient application process
  • Competitive interest rates
  • Flexible terms up to 30 years
  • Refinancing solutions
  • Personalized service
  • Low down payments
  • No prepayment penalties
  • No PMI required in many cases
  • Fast pre-approval
  • Free, no-obligation rate quotes

Conventional - Fannie Mae and Freddie Mac Programs

If you're looking for a lower interest rate and a greater opportunity to be approved for a home loan, a conventional loan is what you're looking for.

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Fannie Mae's HomeReady Program

This is the perfect loan for low-to-moderate income borrowers.  It also offers a flexible source of funds that can be used for your down payment and closing costs with no minimum contribution required from your own funds.

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FHA Loan Program

With no income or location restrictions, the FHA Loan is one of the most popular mortgages.  At Essential, we offer only the best products to our members!

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Rural Development

Many properties in popular suburban areas are considered Rural Development.  A major benefit of the Rural Development loan is that it does not require any money down and 100% can be financed.  You do not need to be a first time homebuyer either!

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VA Loan Program

Essential honors its Veterans and that's why we offer a mortgage product designed just for our Veterans.

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LA CAFA HOME Loan Grant Program

Receive up to 4% financial assistance with our LA CAFA HOME Loan Grant Program.  These funds do not require repayment.  Not only do you want a new home, we want a new home for you and we're helping you get it!

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Jumbo Loan Program

Our Jumbo Loan Program is exactly what it sounds like...a jumbo loan!  If your desired home loan is larger than average, this loan was designed with you in mind.

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Construction, Renovation and ReHab Loans

Building a brand new home or renovating an existing home can be quite expensive initially, but Essential FCU's Construction Loan Program will there to help with the from the conception to the completion of your dream home.

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Home Equity Line of Credit

You've already invested in your home. It's time your home returned the favor. With a Home Equity Loan from Essential FCU, you will be able to get cash out of your home to consolidate your debts, fund a home improvement project, or for any purpose. You could get up to 95% of the value of your home!

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Mortgage Loan FAQ

Apply Online or contact our Mortgage Department at 888.369.2207 with any questions:

Please note: A Credit Report fee will be assessed to all applications. This fee will be deducted from the total costs of your loan, if approved.
*Normal credit restrictions apply. Other restrictions may apply, please see a Essential FCU Representative for details.

Verify Insurance

In order to obtain your loan you may be required to provide proof of insurance in accordance to your Loan Agreement.  Get your insurance verification by a simple click with our Insurance Verification Online Customer Service Center.  Click here to visit http://www.myinsuranceinfo.com/ to get started.

Mortgage Loans - Essential FCU - Baton Rouge Mortgage Loans

Mortgage loans don't have to be difficult to secure, whether you're in Central, Walker, Plaquemine, Gonzales, New Roads or Baton Rouge: Essential can help.