Loan Payment

Pay Now

Money Market: 0.350% APY
3  Year CD: 0.700% APY
2 Year STEP CD: 0.600%APY
1 Year CD: 0.500% APY


View Rates
Follow us on Facebook


Pay your mortgage loan online:


Select a product below:


Mortgage Loans

Fifth District can help you buy or build the home of your dreams or remodel your existing home. Our loan officers are local, so they know you and your neighborhood. We hold and service all our loans in-house, so you'll never have the hassle of dealing with an impersonal, out-of-state mega-institution.

  • All mortgages held & serviced in-house
  • Interest rate lock-in at application
  • Low closing costs, no junk fees
  • No prepayment penalty
  • Re-amortization of balance anytime with principal reduction
  • 95% financing available (PMI required)*
  • Single closing construction/permanent loans available
  • Rates available without origination fees and discount points
  • Pre-application counseling available
  • Monthly payments made by automatic payment service
  • Maximum loan amount $510,400

*Loans in excess of 80% may require Private Mortgage Insurance (PMI) which is paid at the borrower’s expense.  The Bank requires additional collateral protection for all loans in excess of 80% LTV either in the form of Private Mortgage Insurance (PMI) or higher interest rates.  Please contact us for additional information.

Construction Loans

Are you planning to build a new home? Fifth District can provide financing through a one-closing construction loan which will save you time and money. This type of loan features low closing costs that are paid only once and a locked-in interest rate, at application, for both the construction and permanent portion of the loan. Follow these easy steps to build the home of your dreams.

Step 1

Arrange a pre-qualification meeting with a Fifth District construction loan specialist. Call 504-363-6505 or email

Step 2

Finalize home site selection, house plan design, and contract negotiations with your builder. We will need a copy of your building contract signed by a Louisiana licensed residential contractor and 2 sets of plans and specifications at the time of loan application.

Step 3

Loan application, processing, and closing - Fifth District will receive and process your loan application. During this process, we will order an appraisal based on your building plans and contract.  We will also verify your income and assets. Upon loan approval, we will set the loan for closing. This process typically takes 30-45 days.

Step 4

Once the loan is closed, construction can begin. Fifth District uses a 5 draw payment system which allows for periodic payments at various stages of completed construction. During the construction period, interest and escrow payments will be required. The typical construction period is 12 months. The loan will convert to a permanent loan after 12 months and the full principal and interest payments will be required.

As always, Fifth District allows you the freedom to apply additional funds to the principal of your loan. By applying additional funds during the construction period, your loan will convert at a lower principal balance and payments can be re-amortized at conversion, thereby lowering your monthly payment. Additional principal payments made after conversion will also lower your balance which can be re-amortized for your convenience.

*Terms and conditions of our construction loan program are subject to change without notice.

First-Time Home Buyer: Advantage Plus 

Fifth District focuses its service efforts towards helping residents of the New Orleans Metropolitan Area acquire the home of their dreams. To encourage home ownership, Fifth District created the Advantage Plus mortgage loan program available exclusively to individuals with low/moderate income who desire to become first-time home-owners. Additionally, Fifth District financially supports local non-profit agencies and organizations whose purpose is to foster home ownership.

Vacant Lot Loans

  • Established subdivisions
  • Maximum loan to value: 70%
  • No origination
  • No discount points

Fifth District Equity Line


Equity-Line is Fifth District's innovative Home Equity Line of Credit, which combines the convenience of a checking account with the low interest rates and tax advantages of a Home Equity Loan.

How can I use my Equity-Line?

The Equity-Line provides you with pre-approved purchasing power anytime you need it, anywhere you can write a check. Consider using the Equity-Line to pay for home improvements, tuition expenses, a new car or boat, a vacation or for any other purpose.

How much can I borrow?

Subject to credit approval, the amount of Equity-Line you qualify for is determined by multiplying the current market value of your home by 70% and subtracting the current balances of all other mortgages. The minimum Equity-Line is $10,000.

What are the terms?

The interest rate on the Equity-Line has a variable rate feature that may adjust monthly. 

Once approved, you can use your Equity-Line for 10 years (Draw Period). To access your Equity-Line just write a special purpose check for $500 or more. Your Equity-Line is available 24 hours a day, 7 days a week, wherever or whenever you need it.

During the Draw Period, only minimal monthly payments are required. There is no pre-payment penalty so the more you repay, the more you rebuild your borrowing power. Once the Draw Period ends, you will have 15 years to repay the Equity-Line.

What costs will I be expected to pay?

For the typical Equity-Line, there are no annual fees and no pre-payment penalties. You pay only a one-time charge to get your Equity-Line started.

*Residents of Orleans Parish may be assessed a Documentary Tax (if applicable).

What tax advantages are associated with the Equity-Line?

Interest paid on home mortgage loans is one of the last remaining tax deductions for the home-owner. All or some of the interest you pay on your Equity-Line may be tax deductible. It is best to consult with your tax advisor to determine your particular benefits.

Call us for rates.


Home Equity Conversion Mortgage

A Home Equity Conversion Mortgage (HECM) - commonly known as a reverse mortgage - is a government insured loan option for people age 62 and older that allows you to tap into the equity you've already built in your home.  You can choose to take your funds as a lump sum, line of credit, monthly installments, or a combination. All you need to pay for is your property taxes, homeowners and flood insurance, and property maintenance. Call our Loan Department for more information, we'll be happy to help. (504) 363-6505.

  • Be age 62 or older
  • Own and live in your home
  • Home must be principal residence and meet U.S. Department of Housing and Urban Development (HUD) minimum property standards