Jeff Teplitz
NMLS 184421
Stowe/Williston
Senior Mortgage Loan Officer
D: 802.878.7915
[email protected]
With over two decades of experience in mortgage lending and a deep commitment to customer service, Jeff brings a wealth of industry knowledge to his role as Senior Mortgage Officer at Union Bank. Jeff’s career has spanned both retail and portfolio lending, with leadership roles at institutions including Community Bank, NA, Academy Mortgage Corp, Coldwell Banker Mortgage, EverBank, Prime Lending, and National City Mortgage/PNC. His expertise in conforming, non-conforming, and government loan programs has made him a trusted resource for homebuyers across Vermont and New Hampshire.
Jeff is NMLS licensed (184421) and is known for his collaborative approach, working closely with Realtors, financial professionals, and community organizations to support borrowers throughout the home financing process. His dedication to regulatory compliance, personalized service, and community engagement reflects Union Bank’s values and mission.
A passionate advocate for the industry and his community, Jeff serves on the Board of Governors of the Vermont Mortgage Bankers Association and is an active member of the Vermont Association of Realtors, Northern Vermont Board of Realtors, and Lamoille Board of Realtors. He also holds a Level II certification with the Professional Ski Instructors of America and has volunteered as a Connecting Youth Mentor at Williston Central School from 2011- 2018
Jeff resides in Williston and Stowe, where he enjoys skiing, cycling, and running. His enthusiasm for the outdoors and his commitment to mentoring and service make him a natural fit for Union Bank’s Residential Lending team. Jeff is excited to serve homebuyers across the region from the Williston and Stowe branches, and he looks forward to helping individuals and families achieve their homeownership goals with integrity and care.
Mortgage Loan FAQs
How do I know how much house I can afford?
Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Give us a call, and we can help you determine exactly how much you can afford.
What is the difference between a fixed-rate loan and an adjustable-rate loan?
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us.
How is an index and margin used in an Adjustable Rate Mortgage?
An index is an economic indicator that lenders use to set the interest rate for an ARM. Generally the interest rate that you pay is a combination of the index rate and a pre-specified margin. Three commonly used indices are the One-Year Treasury Bill, the Cost of Funds of the 11th District Federal Home Loan Bank (COFI), and the London InterBank Offering Rate (LIBOR).
How do I know which type of mortgage is best for me?
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Union Bank can help you evaluate your choices and help you make the most appropriate decision.
How much cash will I need to purchase a home?
The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:
What does my mortgage payment include?
For most homeowners, the monthly mortgage payments include three separate parts:
- Principal: Repayment on the amount borrowed
- Interest: Payment to the lender for the amount borrowed
- Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company.