Mortgage Programs
80/10/10 (No PMI)
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Purchase a new home today with only 10% down — and no PMI

A new home is a major investment. When you partner with Liberty Federal Credit Union, you can enjoy the financing you need while keeping your expenses to a minimum. Our popular 80/10/10 program allows you to finance your purchase without the added expense of PMI—with as little as 10% down.

  • Buyer receives first mortgage for up to 80% of the purchase price of the new home.
  • Liberty FCU will then establish a fixed second mortgage for 10% of the purchase price.
  • Down payment can be as low as 10%
  • No private mortgage insurance!
  • Receive a gift card worth up to $500!
Take the first step toward your new home. Apply today!
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Make an appointment
©2004 - 2024 Liberty Federal Credit Union. All rights reserved. Liberty FCU mortgage lending product availability may vary based on property location. Loans are subject to credit review and approval. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.
Loans are subject to credit review and approval. Loan amounts of $726,200 – $2,500,000.
An ARM is an adjustable-rate mortgage that has an initial interest rate for the first three, five, seven or ten years and an adjustment interval of 6 months thereafter. The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first seven years (84 payments). After the initial seven year period, your interest rate can increase or decrease semiannually based on the Secured Overnight Financing Rate (SOFR) index as published on the New York Federal Reserve website, plus our margin, which varies among Liberty FCU adjustable-rate mortgage products. Any change may significantly impact your monthly payment. The rate on 80% adjustable-rate home equity line of credit is the prime rate as published on the first business day of each month in the Wall Street Journal. Our 90% adjustable-rate home equity line of credit has the same benefits and uses the same index with a rate of 1.5% above the prime rate. There is a maximum cap of 18% APR. Offer available for new primary mortgage loans and mortgage loans already established at Liberty FCU when refinanced with at least $10,000 new money. This offer is available on conventional conforming financing of purchases for primary residences only. Contact a Liberty FCU mortgage loan officer for details.
Gift card offer is available on financing of purchase or construction loans for primary residences only. Purchase or construction loan amounts up to $149,999 will receive a $250 gift card. Purchase or construction loan amounts of $150,000 or greater will receive a $500 Gift Card. Not valid in combination with any other offer. Product offerings may vary by state or region.
Federally Insured by NCUA, Equal Housing Lender NMLS #518136
Loans are subject to credit review and approval. Loan amounts of $726,200 – $2,500,000.
Federally Insured by NCUA, Equal Housing Lender NMLS #518136
Liberty Federal Credit Union offers valuable banking solutions including checking accounts, savings accounts, mortgages, auto loans, home equity loans, HELOCs and much more. Bank online or with our mobile app, or visit one of our convenient locations in Indiana, Kentucky, and Tennessee.
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Liberty FCU
P.O. Box 5129
Evansville, IN 47716-5129
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(800) 800-9271
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286377777
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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. The National Credit Union Administration is a U.S. Government Agency. Equal Housing Lender. NMLS# 518136. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act. Liberty Federal Credit Union neither endorses nor guarantees any product, service, information, or recommendation made at an external website. An external site’s privacy policy may differ from Liberty Federal Credit Union's. External websites may provide less security than your credit union's website and may not meet the same ADA accessibility guidelines.
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