Local decision-making and personal service every step of the way—that's the Pelican mortgage difference!


First & Second Mortgages
  • Purchase, refinance, and cash-out programs available
  • Combo loans available
  • Fixed and adjustable rates available
  • No PMI required on certain programs

Traditional 30-Year Mortgage 
  • Financing up to 97%5
  • Competitive rates
  • Single family, owner-occupied only
  • Purchase and refinance cash out program options available

Home Equity Lines of Credit (HELOC)2
  • Only pay interest on what you use
  • Interest may be tax deductible3
  • Use funds for any purpose
  • Re-access as needed without re-applying
  • 10-year draw period

Land & Lot Loans
  • Build your dream home
  • 100% financing available

Home Equity Loans
  • Fixed rates available
  • Interest may be tax deductible3
  • Use funds for any purpose
  • Financing up to 100%²

Mobile Home without Land Loans
  • Purchase and refinance programs available
  • Flat $525 origination fee

Mobile Home with Land Loans
  • New or used
  • Single or double-wide

Specialized Programs
  • Rural Development
  • VA
  • FHA
  • Construction



























Ready to make your dreams a reality?
Angela Welch
NMLS ID #1600003
 
 
With over 20 years in the mortgage industry, I am passionate about making your homebuying dreams a reality. If you would like to pay off debt, put in a swimming pool, or update your home, I would love to have the opportunity to find the best product to help you reach your goals.

Darian Bordelon
NMLS ID #2079425
 
 
I have had the pleasure of assisting our Pelican members with their financial needs for over 7 years. I thrive on educating our members to help them make informed decisions. Whether you are looking to purchase your first home, do home improvements, or need help consolidating debt, it would be my pleasure to help you with your mortgage needs.

Theresa Thomas
NMLS ID #1866876
 
Theresa Thomas

I‘m a highly motivated individual, driven to make a difference in the lives of those around me. I’m confident in my ability to deliver exceptional member service with over 16 years of experience and 7 years in the financial services industry. I look forward to helping you on this journey!

Contact our team today by calling 225-408-6229!




Keep in mind there are closing costs associated with refinancing. These costs can be rolled into your mortgage. This greatly lessens how much you'll need to bring to closing, but this also means you are adding to the principal loan amount.

To determine if you will be better off refinancing for the long-term, determine how much you will save per month by refinancing. Calculate how many months it will take, based on these savings, to equal the closing costs. That is your break-even point. If you will be in the home at least that long, you come out on top.

Designed for credit union members like you, the TruStage Home Insurance Program provides top quality protection for your home that is designed to be affordable. This valuable coverage can help you protect your family's home and personal belongings. You'll also have access to outstanding online and 24/7 claim services.2

Get your free quote today by visiting the TruStage website or call 1-855-483-2149.












All Pelican State Credit Union mortgages comply with federal and state regulations. NMLS #635443

1Membership required. This information is not an offer to extend consumer credit. Rates and terms are subject to change without notice. Product is offered through our partner, CU Members Mortgage. Applications will be processed using FHA guidelines. Some restrictions apply. See representative for details. 

2The maximum amount you can borrow with any Home Equity Loan is 100% and with any HELOC is 90% of the appraised value. Home Equity Loans and HELOCs are available on your primary residence only. Loans subject to credit approval. Rates and terms are subject to change without notice. Other restrictions apply. Your specific rate and term will be dependent upon your credit rating, collateral value, amount financed, lien position, and other factors. Hazard insurance and flood insurance may be required, if applicable. A processing fee of $150 will be due at closing. Borrower will be responsible for certain closing costs which may include title insurance, appraisal fee, and survey costs. Consult a tax advisor regarding the deductibility of interest and charges under the plan. NMLS #635443

3Consult a tax professional.

4Pelican State CU membership eligibility required. Approval based on certain credit criteria and credit worthiness. Not everyone will qualify. Rate and term determined by credit worthiness, collateral, and loan to value. If refinancing a loan currently financed by another financial institution, registration fees may apply. Volunteer collateral protection products available at additional costs. Some restrictions apply. See a Pelican representative for additional details.

5PMI required for LTV’s 80% or more. First mortgages only, no combo loans.