I’m Here To Help You
Since 2013, with over a decade of banking experience at TEGFCU, Jeffrey “JJ” Shields has held several leadership roles. Quickly advancing into branch management-which enabled him to gain excellent skills in loan transactions, member relations, and team leadership. J.J. is known for outstanding service. You can count on him to look out for your specific interests and to keep you informed throughout the entire process from start to finish. He prides himself on his experience, honesty, and hands-on approach that shines through with each member he serves by over-communicating and taking extreme ownership. As a Mortgage Officer, his ability to make borrowers feel at ease makes homeownership a breeze.
J.J. is a born and raised Dutchess and Orange County resident currently residing in Fishkill with his wife Rachel and their pug Zeke.
Career Highlights
- 9+ years of consumer & home loan experience in the Hudson Valley
- 50+ five-star reviews on Google
- 13+ five-star reviews on Zillow
Contact Jeffrey
Download my e-Business Card here!
Why Choose TEGFCU for Your Mortgage?
There’s no place like home. There’s no place like the Hudson Valley. And there’s no place like TEGFCU for your mortgage. We know that everyone’s needs are different when it comes to home financing. So, whether you are looking to purchase a primary residence, second home, or investment property or refinance to a lower rate, we will go the extra mile to find the best possible financing solution that is right for you.
We’re proud to be local, member-owned, and not-for-profit. When you buy your dream home, you can feel confident you’re getting a competitive interest rate from us. We believe that making a mortgage affordable means not surprising you with extra closing costs like some other lenders. Compare our closing cost to theirs.
Discover the TEG Difference – our friendly, knowledgeable people. Our Mortgage Officers are here to answer any questions and help you through every step of what can be an intimidating process. We want you to enjoy the experience of finding the perfect home. Buy with confidence today and have peace of mind knowing that your loan will close quickly and easily.
Conventional Mortgage & Refinance Rates
| Mortgage Type | Rate | APR | Points |
|---|---|---|---|
| 30 Year Fixed | 6.625% | 6.778% | 1.000% |
| 20 Year Fixed | 6.500% | 6.684% | 0.875% |
| 15 Year Fixed | 6.125% | 6.351% | 0.875% |
APR = Annual Percentage Rate. Rates effective as of 11/21/2024. All loans are subject to approval. APR assumes a $300,000 loan amount with escrows a FICO score of 760 or higher for a loan for an owner-occupied (primary residence), single-family dwelling in New York State with a loan-to-value ratio of 75% or less, and no cash-out.
For example, a 30-year, $300,000 conforming mortgage with a fixed APR of 6.778% has an approximate payment amount of $1,920.93. Real estate taxes, insurance, and private mortgage insurance (if applicable) are not included; therefore, the actual payment obligation will be greater. Your rate may vary based on your creditworthiness, loan amount, purpose, property type, occupancy, LTV, lock period, and other credit characteristics.
All rates and terms are subject to change without notice. No rate is guaranteed without a valid rate lock. A point is equal to 1% of the loan amount’s balance. Private mortgage insurance (PMI) is required on mortgages that exceed 75% loan-to-value (LTV). When refinancing, the maximum loan-to-value is 80% if you take cash out. Contact a TEG Mortgage Officer for further details. Other terms and conditions may apply.
Adjustable-Rate Mortgage (ARM) Rates
| Mortgage Type | Rate | APR | Points | First Cap | Subsequent Cap | Lifetime Cap |
|---|---|---|---|---|---|---|
| 5/6 SOFR ARM | 6.000% | 6.750% | 1.000% | +/- 2.00% | +/- 1.00% | +/- 5.00% |
| 7/6 SOFR ARM | 6.250% | 6.761% | 1.000% | +/- 5.00% | +/- 1.00% | +/- 5.00% |
APR = Annual Percentage Rate. Rates effective as of 11/21/2024. All loans are subject to approval. APR assumes a $300,000 loan amount with a FICO score of 760 or higher for a loan for an owner-occupied (primary residence), single-family dwelling in New York State with a loan-to-value ratio of 75% or less. Rates on 5/6 ARMs are fixed for the first five years and subsequently subject to change bi-annually. Rates on 7/6 ARMS are fixed for the first seven years and subsequently subject to change bi-annually.
For example, a 5/6 ARM at a fixed initial interest APR of 6.750%, would initially be $2,201.29 or a 7/6 ARM at a fixed initial interest APR of 6.761%, would initially be $1,847.15. Real estate taxes, insurance, and private mortgage insurance (if applicable) are not included; therefore, the actual payment obligation will be greater. After the initial fixed term, rates will adjust based on the index, Secured Overnight Financing Rate (SOFR), and a margin, not to exceed the initial, subsequent or lifetime change cap. Your rate may vary based on your creditworthiness, loan amount, purpose, LTV, lock period, and other credit characteristics.
All rates and terms are subject to change without notice. No rate is guaranteed without a valid rate lock. A point is equal to 1% of the loan amount’s balance. Private mortgage insurance (PMI) is required on mortgages that exceed 80% loan-to-value (LTV). Contact a TEG Mortgage Officer for further details. Other terms and conditions may apply.
Jeffrey did an outstanding job! He was personable, knowledgeable, and patient. Any questions I had, he answered promptly, never making me feel like I was bothering him. He even responded to messages after hours, which was incredibly helpful given my busy daytime schedule. Jeffrey turned a stressful process into a much easier experience by being consistently patient and kind throughout. His dedication didn’t waver even after the loan was sent for closing; he kept in touch with me every step of the way. I will definitely recommend him to family and friends.
We wanted to take a quick moment to acknowledge the amazing experience we had working with mortgage officer Jeffrey Shields at TEGFCU. This is our first time buying a property and going through this journey with his help made it a lot easier. He always made an effort to be available to answer any questions we had as well as keeping us informed from start to finish. I highly recommend him as well as TEGFCU for your mortgage or banking needs.
Extremely helpful and always responsive! Made the entire process very easy.
Jeff and everyone did a great job and explained all options clearly.
JJ was amazing! He basically held our hands throughout the process of purchasing our home. His knowledge and guidance had us at ease and confident in our decision making. We are appreciative for everything JJ and his team did. Would highly recommend JJ for all your home needs, investments and interests.
Mortgage Resources
First-Time Home Buyer Webinar
First Wednesday of Every Month at 5:30 PM. Attend virtually and receive $500 OFF closing costs!
2nd Look Program
Pre-approved by another lender? TEG would like the opportunity to provide you with our own pre-approval decision so that you can compare, and to thank you for taking a second look we will give you $100.
Download our Free Guide
Get “The Comprehensive Guide to Finding, Buying and Financing a Home”. Learn how to get started and discover everything you need to know to help you buy a place you love – with a payment you can afford.
Mortgage FAQs
Have questions? We have answers.
We Do Business in Accordance with Federal Fair Lending Laws – Fair Housing Poster.
Home Mortgage Disclosure Act Notice – The HMDA data about our residential mortgage lending are available for review. The data show: Geographic distribution of loans and applications Ethnicity, race, sex, and income of applicants and borrowers Information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.
