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Home Loans

Home Loans from JPEFCU

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

First Mortgage Features

  • Fixed rates

  • 10, 15, 20, 25, 30-year term available

  • Primary residence

  • Up to 95% LTV for purchases

  • Cash-out refinances up to 90%

  • Rate & term refinances up to 90%

  • Maximum loan amount $647,200

  • 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 Louisiana and Mississippi

  • NMLS #433944

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 2% below prime rate

  • Primary residence

  • Up to 80% CLTV

  • Draw period for the first five 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

  • For a mortgage application, please email mtgdept@jpefcu.org

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

Items Needed to Apply

for Mortgages & Home Equity Line of Credit (HELOC)

  1. Copy of latest property tax bill

  2. Copy of statement or printout of present mortgage balance

  3. Copy of latest declaration of homeowners and flood insurance

  4. (Once we have the pre-approval) – Need check for appraisal

  5. Completed and signed mortgage application. Include name, property address, SS#, loan amount, estimated value of property, balances on all loans, credit cards, savings, and checking account.

  6. Most recent 2 paycheck stubs

  7. Current 2 months bank statements for each account. The following information must appear on the statements: Bank or institution name, borrower(s) name(s), account number. The statement must contain all pages (for example, if statement is 6 pages, we need all 6 pages) We can obtain JPEFCU statements

  8. Last two years of IRS tax returns with schedules (for self employed, commission, and rental income)

  9. Last two years W-2s and/or 1099 form for income

  10. Copy of Purchase Agreement (for a purchase)

  11. Copy of valid driver’s license

  12. Name and phone number for Human Resources Dept. or Payroll Dept. contact person.

Please contact the Mortgage Department when completed. Once we get everything in we’ll start the processing the loan. Please let us know if you have any questions.

Terry Fallon, VP of Mortgage Lending at (504) 736-6157, tfallon@jpefcu.org.
NMLS #442013

Amanda Zeller, Mortgage Officer at (504) 818-3514, azeller@jpefcu.org.
NMLS #1955824