5 Best Mortgage Lenders in Louisiana 2019
If you’re a repeat or first time home buyer looking to purchase a home in Louisiana, there are some amazing mortgage solutions available to you. Louisiana is home to around 4.6 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 3.2 percent between December of 2017 through 2018 and are forecasted to rise another 4.9% through 2019.
The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, whether you’re looking for fixed rate or adjustable rate mortgages, FHA, VA, or USDA home loan options that offer amazing benefits like low interest rates or flexible down payment requirements, loans to cover the purchase and repair of a home, or even a large enough jumbo loan to purchase your dream home outright, The first step is to find the right lender.
In this article, we’ll review the best mortgage lenders in the state of Louisiana, and how they can help you on your quest to home ownership.
#1 Louisiana Mortgage Lender: J P Morgan Chase Bank
Chase Bank is a big name both in and out of the home finance industry. Throughout the region, Chase is highly commended by previous clients as being an incredible mortgage lender, who gets the job done as advertised.
Finding a nationally acclaimed bank on a top 5 list shouldn't come as that much of a surprise, but when it comes to mortgage, often times the larger institutions are less willing to go above and beyond for home buyers. Luckily, Chase is the exception.
Chase has countless years of experience with and an impressive volume of conventional and government-insured mortgages under its belt. Home buyers can expect personalized service and readily available advisers while working with the financial giant.
#2 Louisiana Mortgage Lender: CrossCountry Mortgage
CrossCountry Mortgage is one of the largest and fastest growing lenders in the United States. Since it was founded in 2003, CrossCountry Mortgage has done its best to meet the rapidly changing needs of the consumer. While it started as simply a small mortgage brokerage, today, CrossCountry Mortgage offers a wide variety of loans, including FHA loans, VA home loans, refinancing, home equity loans, and more.
While the company does have a robust online presence, with applications that can easily be filled out online, it also boasts a strong workforce of mortgage brokers. Its website even has an easy search function that allows potential borrowers to search for a mortgage broker by name or by branch location.
#3 Louisiana Mortgage Lender: Gateway Mortgage Group
Gateway Mortgage Group may have only been around since the year 2000, but in that short space of under 2 decades, they have grown into one of the largest privately held mortgage companies in the country. According to them, their success comes as a direct result of their dedication to originate home loans combined with their passion for strengthening families.
The Gateway Mortgage Group team takes special care to put down roots in whatever communities where they have branches. This “localization” helps them to better do their jobs by providing a deeper understanding of the communities they are a part of, and the families that reside within them. In turn, they are able to tailor unique, personalized home loans for their clients.
Gateway Loan Officers are experts at loan origination, and know just how to cut all of the tension and stress associated with a mortgage transaction out of the picture completely.
#4 Louisiana Mortgage Lender: Loan Depot
As large as Loan Depot has become since its inception, there is no surprise that it would make a list such as this one. Truly a powerhouse when it comes to home finance, Loan Depot is no stranger to conventional and government-insured mortgages and the borrowers who need them.
The loan officers under the employ at Loan Depot are highly knowledgeable and well-trained individuals. Their expertise is shown clearly in the speed and ease of the mortgage transactions they take part in, And their uncompromised goal of providing down to the decimal quotes that hold true through closing, leaving the borrower with no surprises.
Customer service is a big deal for the Loan Depot team, and they typically do not disappoint. Past clients have been stunned by the lower than expected rates and fees, combined with speedy closings.
#5 Louisiana Mortgage Lender: GMFS Mortgage
Combining excellent service and a depth of mortgage knowledge and experience is a defining trait of GMFS Mortgage. Getting an affordable home loan from GMFS Mortgage is almost too easy!
The loan officers of GMFS mortgage are seriously committed to making sure that their clients have a stress free closing. Through tireless work and attention to detail, they almost always succeed to that end.
As a home buyer, feeling under-informed can be the very pinnacle of stress during a mortgage transaction. Thankfully, GMFS Mortgage loan officers have a tendency to to be particularly adept at communication and keeping their clients in the loop, and highly content with their home loans.
Best Louisiana Mortgage Lender Picks 2019:
Best for First Time Home Buyers: Gateway Mortgage Group
Best Online Experience: Loan Depot
Best Local Lender: GMFS Mortgage
Best Face-to-Face Experience: CrossCountry Mortgage
Best Overall Performance: J P Morgan Chase Bank
Shop Around Before You Get a Louisiana Home Loan
Our picks for the best mortgage lenders in Louisiana may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!