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
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.