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.

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Details of FCDI Loans

• 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.

*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.

³Any out-of-area portfolio loan referral must be located within 100 miles of a NOLA LPO and within the same state as a NOLA LPO. The applicant's income must be 80% or less than the HUD median income for the area.  

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Find a Loan Officer

If you are looking for a loan officer to help you through the process, click the Find a Loan Officer button.

Find a Loan Officer

Skip to the pre-qualification application

If you're ready to submit your application, click the Fill Out a Pre-Qualification Application button and jump right in.

Fill Out a Pre-Qualification Application

LENDING IN ALL STATES EXCEPT: KANSAS, MARYLAND, NEW JERSEY, AND NEW YORK

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.