We Share A Common Thread


Whether you want to buy a new home, refinance the one you’re in, downsize, upsize or custom-build your dream home, Jeanne D’Arc Credit Union can make it possible. Our Loan Officers make applying for your mortgage easy and convenient. In fact, they can meet you at any of our branches, at your office or at your home whenever it’s convenient for you.

Also known as a primary mortgage, a first mortgage is a traditional real estate loan that can either be a conventional loan or jumbo loan. It can also be a fixed-rate loan, where the principal and interest payments remain the same over the entire term of the loan, or adjustable. A variable-rate mortgage (also known as an adjustable-rate mortgage, or ARM) offers a fixed rate for an initial period, and then the rate adjusts either up or down, based on the 1 Year Treasury Rate, every year after that initial period ends.

Fixed-rate mortgages are a good option for people who plan to stay put for many years, while adjustable-rate mortgages are generally better for people who move frequently or don’t plan to stay in their home for a long period of time.

Jeanne D’Arc offers both fixed-rate conventional mortgages as well as ARMs with various term options. With both programs, your loan can either be conventional or jumbo.

It sounds complicated, but our mortgage professionals will be happy to talk to you about your needs, discuss your options and find the mortgage product that’s right for you. Contact one of our Loan Officers today to get started.

If you already have a mortgage, refinancing the loan could potentially save you thousands of dollars over the life of the mortgage or make your monthly payments more manageable. That’s the great thing about refinancing—you can do it at any time, assuming it makes good financial sense to do so, and you have several options available to provide you with greater control of your finances.

For example, you can refinance to a different rate, a different term or a combination of both. You can even take cash out at closing based on the total equity you have in your home. Typically, when you refinance to a longer term, your monthly payment may be lower, but you’ll pay more interest over the life of the loan. If you refinance to a shorter term, your monthly payments may actually increase, but you’ll pay the mortgage off sooner and thus, you’ll save money in interest charges. And if you can refinance to a lower rate, you may save a considerable amount of money without changing the term at all.

Jeanne D’Arc offers the same programs for refinancing as we do with First Mortgages. Our Loan Officers will be happy to listen to your goals, then go through the numbers with you to arrive at the best solution for you.

Buying a home is an exciting and overwhelming time, especially for those who are taking this big financial step for the first time. Our programs are designed to make the journey to first-time homeownership more affordable. We can help you move into your new home with a much lower down payment than other lenders require. If you decide to put down less than 20%, we can also assist you in avoiding Private Mortgage Insurance (PMI), which will save you on your monthly mortgage payment.

If you’re purchasing a home in Massachusetts, be sure to ask about our MassHousing loan programs.

  • MassHousing Loan: The MassHousing loan program provides qualified borrowers* with a down payment assistance loan for up to 5% of the purchase price or $15,000, whichever is less, for a 15-year term at a fixed rate of 2.00% APR***.
  • MassHousing Operation Welcome Home: We salute our veterans, active-duty military, and members of the Army Reserves and National Guard. Service members can take advantage of our Operation Welcome Home loan program, which can be used to purchase a home or to rehabilitate/repair a home. This program provides qualified borrowers** with a down payment assistance loan for up to 5% of the purchase price or $15,000, whichever is less, for a 15-year term at a fixed rate of 2.00% APR***. It also offers a $2,500 credit to go toward closing costs. In the event of deployment or unemployment, eligible Operation Welcome Home borrowers will receive a special benefit that covers your monthly principal and interest payment for up to $2,000 for six months.

We understand that buying a home can be intimidating. That’s why our Loan Officers will be happy to meet with you—at our office, at your office or even at your home, whenever it’s convenient for you.

Lot Loans are a great way to secure that prime piece of real estate—especially if you’re waiting a few years or more to build the home of your dreams on the site. This makes sure that the spot you pick out won’t get snatched up by someone else while you’re getting your plans together to start construction.

And once you get ready to start the building process, a construction loan is the way to go. It provides you with the funds to pay the builder, contractors, suppliers, etc. during the construction process, then converts to a conventional mortgage once construction has been completed.

Let our Loan Officers provide you with the details you need to get started on building the home of your dreams. They’ll be happy to meet you when and where it’s most convenient for you to get the process in motion.

Be sure to ask us about:

  • No cost, no obligation pre-approval. You’ll know how much home you can afford, and you’ll be ready to make an offer when you find the perfect place.
  • Refinancing your current mortgage to a lower rate, shorter term or to take cash out
  • Our First-Time Home Buyer Programs
  • Avoiding Private Mortgage Insurance (PMI) with less than 20% for a down payment
  • Unique Construction Mortgage Loans
  • Loans for members with less-than-perfect credit
  • Mass Save Heat Loans for qualifying energy efficiency improvements in your home

Still Have Questions?

Contact a Jeanne D’Arc Loan Officer at 978-323-4716 to discuss your needs.


Borrowers must be first-time buyers, income limits apply and vary by region. Income limits can be viewed at www.masshousing.com/limits. Other eligibility criteria apply. Down payment assistance is now available on 1-4 family homes, condos and Planned Unit Developments (PUDs).


To qualify for an Operation Welcome Home loan, you must be an active duty military member, member of the Reserves or National Guard, a Veteran who served honorably, or a Gold Star Family member; be a first-time homebuyer; purchase a 1- to 4-family property in Massachusetts (including condominiums); and meet income and loan limits. Visit www.masshousing.com/owh for details. Income and purchase price limits apply. Subject to credit approval, not all applicants will qualify. You do not have to be a first-time homebuyer if you are purchasing a home in Boston, Chelsea, Cambridge, Everett, Fall River, Lawrence, Lynn, North Adams and Somerville.


APR=Annual Percentage Rate. Example of payment based on loan terms: $15,000 down payment assistance loan = 180 payments of $96.53; 2.011% APR.