Home Mortgage Loan Details

Working with Fidelity Bank means having access to a variety of mortgage loan options designed to fit different financial situations:

• Primary Residence, Second Homes, or Investment Properties: We offer loans for all types of properties, whether it's your primary home or an investment.
• Financing Options:
• Adjustable-Rate Mortgages (ARMs)
• Bond Loans
• Condo Loans
• Construction Loans
• FHA Loans
• First-Time Homebuyer Specials
• Fixed-Rate Mortgages
• Jumbo Loans
• Physician Loans
• USDA Rural Housing Loans
• VA Loans
• Flexible Term Options: Choose from a wide range of terms to match your financial goals.
• Automatic Payments: Set up automatic payments for convenience and peace of mind.
• Local Expertise: Our loan officers are based in Louisiana, Mississippi, and Florida. They have in-depth knowledge of the local real estate market, providing you with valuable insights and personalized advice.
• Competitive Rates: Secure a mortgage with some of the most competitive rates available, ensuring your home loan fits comfortably within your budget.
• Free Pre-Qualification: Get pre-qualified at no cost, so you can shop for your new home with confidence.
• Local Processing: Enjoy the benefits of local decision-making and processing, ensuring quick and efficient service.
• Refinancing Available: Explore refinancing options to potentially lower your rate or adjust your loan terms to better fit your current situation.

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Fidelity HOME Program: Simplifying Home Ownership 

Fidelity Bank is committed to making homeownership easy and straightforward. We participate in multiple programs to make homeownership accessible.  One example of our home financing offerings includes the Fidelity HOME program. It is a great option for eligible applicants planning to purchase properties located in Jackson, MS¹

• No Income Limit: Flexible financing options without income restrictions.
• 100% Financing: Up to 100% of the home’s value², making it easier to purchase your dream home.
• No Mortgage Insurance Required: Save on monthly costs with no mandatory mortgage insurance.
• Down Payment Assistance: Assistance programs may be available to help with your down payment.
• Flexible Credit Requirements: More lenient DTI (Debt-to-Income) ratios and credit score requirements than other mortgage options.

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¹While all credit-qualified borrowers are eligible for the HOME program, not all properties are quality. Please contact a loan officer for details.

²Financing cannot exceed 100% of the subject property’s fair market value.  No down payment is required. Terms of repayment: For a $250,000 loan, 360 monthly payments will be $2,396.69 with a monthly interest rate of 7.375%, payment amount includes amounts for property tax and insurance. 7.435 Annual Percentage Rate. No balloon payment. Consult your tax advisor regarding the deductibility of interest.

The origination fee at consummation is retained by Fidelity Bank and does not include other 3rd party fees. Information stated above is subject to change without notice. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend or offer an extension of credit. All loans are subject to credit approval. Not all applicants will qualify for all products offered. All loan programs, terms, and interest rates are subject to change without notice and may only be available in select markets.

Fidelity Community Development Initiative (FCDI) Loans

The Fidelity Community Development Initiative (FCDI) Loan provides affordable financing options for applicants who may not qualify for traditional loans. Before an applicant may be considered for a community development loan, the applicant must first be considered and not qualify for any other traditional loan program whether portfolio or secondary market.

Details include:

• 580 Credit Score Minimum: Qualify with a credit score of 580 or higher.
• 95% Loan to Value¹: Maximum LTV for eligible properties.
• Homebuyer Class: Attend a homebuyer education class approved by HUD².
• No Private Mortgage Insurance: Enjoy the benefits of no PMI, reducing your monthly payments.
• No Prepayment Penalties: Pay off your loan early without additional fees.
• $500 Lender Credit*: Receive a lender credit to help offset closing costs.
• Property must be located in the program target area and income limits apply.³
• Gift funds allowed for a portion of the down payment.

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*Lender Credit offer valid at the time of application on applications submitted. Offer not valid with any other offer or discount. Lender credit will be applied at the time of closing. Offer may be redeemed at any NOLA Lending office location. Cannot be copied or altered. This coupon has no cash value. Lender Credit is for the FCDI loan only. 

¹Financing cannot exceed 95% of the subject property's fair market value, plus allowable excess costs. Consult your tax advisor regarding the deductibility of interest.

²Homeowner education is required via an approved HUD counselor/vendor to qualify for this loan, additional fees may apply.

³Property must be located in the program's targeted area and the applicant's income must be 80% or less than the HUD median income for the area. The property must be located in a low, moderate, or majority-minority census tract. 

Refinancing with Fidelity Bank

Now could be the perfect time to refinance your mortgage. Fidelity Bank offers a variety of refinancing options that can help you save money, shorten your loan term, or provide cash-out options for other financial needs.

• Shorten Your Term: Pay off your mortgage faster and save on interest.
• Cash-Out Options: Access funds for renovations, education, or other expenses.
• Evaluate Your Options: Refinancing can lead to significant savings, but it's essential to consider the costs. Fidelity Bank has been helping homeowners make informed decisions since 1908, and we can help you determine if refinancing is the right choice for you.

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Keep Your Mortgage Loan Processing Close to Home 

NOLA Lending Group, a division of Fidelity Bank controls all aspects of the loan process at our home office — processing, underwriting, and closing — all done in-house. You live, you work, and you play locally. Shouldn’t you use a local lender?

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