Home Loans

    Home Loans
    Whether you are looking to purchase a new home, or refinance your current one… we are here to help!

    Mortgage Application Mortgage Checklist Mortgage Calculators

    First Mortgage Features**
    • Fixed Rates
    • 10, 15, 20, 25, 30 Year Term Available
    • Primary Residence
    • Up to 90% LTV for purchases
    • Cash out refinances up to 90
    • Rate & term refinances up to 90%
    • Maximum Loan Amount $450,000
    • Loan origination fee only $500
    • Fast Funding
    • Make bi-weekly mortgage payments up to 30 years 80% LTV
    • Investment Properties & Second Homes up to 75% LTV
    • Lend in all Louisiana parishes

    Home Equity Line of Credit (HELOC)
    A home equity line of credit, also known as HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses such as debt consolidation on high interest credit cards or loans, and home improvement projects. 

    HELOC Features**
    • Adjustable Rates
    • Rates as low as 1% below Prime Rate
    • Primary Residence
    • Up to 80% CLTV  
    • Draw period for the first 5 years
    • Interest may be tax deductible – consult your tax advisor
    • Drive-by Appraisal
    • Fast Funding

    Home Equity Loan/2nd Mortgage
    A home equity loan is a type of loan in which the borrower uses the equity of their home as collateral.

    Home Equity Loan/2nd Mortgage Features**
    • Fixed Rates
    • Terms up to 15 years
    • Primary Residence
    • Up to 80% CLTV refinancing available 
    • Interest may be tax deductible – consult your tax advisor
    • Drive-by Appraisal
    • Fast Funding

    To learn more about our Mortgage products, or to apply, contact us at:

    • Terry Fallon, Mortgage Department Manager – NMLS #442013, 504.736.6157
    • Amanda Zeller, Mortgage Loan Officer – NMLS #1955824, 504.818.3514
    • By email at mtgdept@jpefcu.org

    *No other credit union fees. Title company and third party fees still apply. 

    **Some restrictions apply.