Mortgage Loans

At Neighbors, we put people first…your unique needs and your unique life. Sure our mortgage loans offer low interest rates, but it’s about much more than that. It’s about what’s right for you now, and what’s best for you tomorrow. Neighbors is also not-for-profit, which gives us the freedom to do what's right for you.

With the various mortgage loan plans we have available, there's sure to be one that fits your needs:

  • 100% financing on single family residence (no condos)1
  • Fixed rate loans with terms of 10, 15, 20 and 30 years2
  • ARM loans available2
  • And much more

Plus for a limited time only, when you finalize your mortgage purchase or refinance, take $500 off of closing costs!3

No matter which you choose, you can enjoy a fast quote online, low closing costs and a personalized consultation. Our rates are typically considerably lower than those offered by big banks and other lenders. Plus, the process is streamlined with a quick approval since the entire process—from application to closing—is handled at Neighbors, not outside underwriters.

Apply     Calculator     Mortgage Resources

Mortgage Loans only available in Missouri and Illinois.


No-Money-Down Mortgage

We can’t help you unpack the boxes, but we can provide the funds you need to purchase your dream home. Our financing makes the deal even sweeter with our no-money-down mortgage (must have a Neighbors checking account with direct deposit).

  • 100% financing (restrictions apply)1
  • Fixed rate loans with terms up to 30 years2
  • Borrow between $100,000 and $400,000 for well-qualified borrowers
  • Available on single family residence (no condos)

Plus, the no-money-down mortgage still comes with our quick approval since the entire process—from application to closing—is handled at Neighbors, not outside underwriters.

Apply     Calculator     Mortgage Resources

Mortgage Loans only available in Missouri and Illinois.


Mortgage Center

Our Mortgage Center features many helpful tools. Click here to view:

  • Current rates
  • Complete or return to an application
  • Read answers to frequently asked questions
  • Use one of our helpful calculators, like Rent vs. Buy


Mortgage Payment

  • If your mortgage loan was originated after March 2014, click here to make an online payment.
  • If your mortgage loan was originated during or prior to March 2014, click here to make an online payment.


What Our Members Say About Us

"Neighbors made getting our loan as quick and painless as possible! It honestly felt like a friend helping a friend instead of just a bank assisting another customer"
-Danica D.
"All of the staff at Neighbors Credit Union are quick to respond and always willing to help. They made my loan process very smooth from start to finish. I would choose NCU (Neighbors Credit Union) again and recommend it to anyone looking for quality financing."
-Korey W.
"We were happy with our service that we received through Neighbors as we had a fast, friendly and no hassle approach to our home loan."
-The Darden Family
"We are small business owners and Neighbors Credit Union took the time to treat us like friends, not just a number. Their service was quick, and they helped make our new home a reality for us."
-Justin M. & Jennifer P.


Member Comments Written on Surveys:

  • “Good as it gets.”
  • “The loan was started and closed within 3 weeks. Could not ask for better service.”
  • “The whole process was amazing!”
  • “This was the easiest experience I've ever had regarding a home loan. Simple. Convenient. Stress-Free. Basically the opposite of everyone else.”
  • “Went really smooth and Mr. Wall was a total professional the entire time.”



Find out the value of your home, or a home you might be interested in purchasing. Simply enter the street address and find out valuable property information with this free service for Neighbors Credit Union members!

Street Address of your Home



Mortgage Lending Team

Gregg Merkel, Mortgage Development Officer
Phone: (314) 892-5400, extension 11027
Fax: (314) 329-9860
MLO# 1490648


Dan Wall, Mortgage Development Officer
Phone: (314) 892-5400, extension 17024
Fax: (314) 892-9839
MLO# 226884



The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) established a national registry for mortgage loan originators called the Nationwide Mortgage Licensing System and Registry (NMLS). This registry is maintained by the federal government and assigns each registered professional a unique identification number that is provided to consumers upon request and on certain loan documentation. Additionally, each financial institution is provided with a unique identification number. The Credit Union’s NMLS ID number is 509288.


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1100% financing loan program is based on a maximum loan amount of $400,000 and a minimum loan amount of $100,000. Minimum 720 FICO score required. Owner-occupied one-unit single family residence only, No Condo’s or manufactured homes. Mortgage insurance required. Escrow account for insurance and taxes required. Loan origination and other fees may apply. Member must have direct deposit into Neighbors Credit Union Checking or Savings Account before closing. Subject to appraisal and underwriting terms and conditions. Other restrictions may apply. Mortgages available in Missouri or Illinois only. Contact credit union for full details.

2Rates are fixed or variable, based on your final loan amount and finance charges. The actual interest rate and fees available to you will be based on your credit history, property type, loan to value, and may be different than the rates displayed here. Please contact a loan officer for current rates and fees. Rates are subject to change without notice. Additional rates and terms may be available. Mortgages available in Missouri and Illinois only. Available only on owner-occupied, one unit, single family primary residences. Membership eligibility required. Restrictions apply. Please call 314-892-5400, ext. 11095, for details on all products. Fixed Mortgages: Minimum down payment of 5% (or 3% for EZ-3 Mortgage) required. For example, a $125,000 purchase price with $3,750 (3%) down payment and $121,250 financed at 4.00% fixed interest rate would result in a monthly payment of $734.75 for 240 months. Sample payment only includes principle and interest. Adjustable-Rate Mortgages: Minimum down payment of 5% (or 3% for EZ-3 Mortgage) required. Variable-rate loans have the possibility for the interest rate and payment to increase or decrease. For example, the 5/1 ARM is an adjustable-rate mortgage amortized over a thirty (30) year period. For the first five (5) years the loan is fixed. Following the initial fifth (5th) year of the loan, the interest rate may adjust by two percent (2%) every one (1) year thereafter with a lifetime cap of no more than six percent (6%) over the initial note rate. Minimum loan amount of $50,000 required.

3Offer must be presented at time of loan application. Membership eligibility required. Must apply by 12/31/2017.

The interest rates used in the foregoing examples are based on current market rates, are for purposes of example only and are not meant to be relied upon. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the annual percentage rate (“APR”) and the monthly mortgage payment. APR reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, mortgage insurance, discount points (also referred to as “points”) and loan-origination fees.

Neighbors Credit Union: NMLS #509288