Top 5 FHA Lenders in Louisiana 2019
Home Buyers looking for the best lenders in Louisiana have a lot of shopping around to do. Louisiana is home to almost 5 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 roughly 3.7 percent between December of 2017 through 2018 and are forecasted to rise another 3.6% through 2019.
The upward trend of rising home values makes it the prime time 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, since FHA loans offer low interest rates, down payments as little as 3.5%, and an ultra-low 580 credit score requirement, they’re often some of the most desirable loans for home buyers like you.
In this article, we’ll review the best FHA approved lenders in Louisiana and how they can help you on your quest to home ownership.
2019 Louisiana FHA Lender Best Picks
Best for First Time Home Buyers: GMFS Mortgage
Best Online Experience: Guaranteed Rate
Best Local Lender: Family First Mortgage
Best Face-to-Face Experience: Premier Nationwide Lending
Best Overall Performance: Quicken Loans
#1 Louisiana FHA Lender: Quicken Loans
Finding a mortgage online may have seemed sketchy at best a decade ago, but the amazing team over at Quicken loans has truly set the standard for the online mortgage experience. Quicken Loans (and it’s online division Rocket Mortgage) have made FHA financing as simple and straightforward as possible.
The online FHA loan process is highly geared towards a streamlined user experience. Progress on the status of an FHA loan application can be easily tracked online, and preapproval for an FHA loan can be completed in a matter of minutes.
The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The real icing on the cake comes from the support staff that can be reached by phone or through the website that is standing by to offer their advisory services and answer any questions a potential borrower may have.
#2 Louisiana FHA Lender: GMFS Mortgage
Combining excellent service and a depth of mortgage knowledge and experience is a defining trait of GMFS Mortgage. Getting an affordable FHA 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.
#3 Louisiana FHA Lender: Guaranteed Rate
A Kingpin of the online mortgage trend that plays a large role in FHA financing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.
Guaranteed Rate is also extremely experienced with the origination of FHA loans. FHA financing through one of the best digital mortgage platforms available makes them serious competition to other FHA lenders, and highly favored among repeat and first time home buyers. FHA products are one of highest selling loans through guaranteed rate.
The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be closed without ever needing to speak with someone unless requested by the home buyer.
#4 Louisiana FHA Lender: Family First Mortgage
As cheesy as it may sound, having a mortgage lender put the well being of a borrower’s family first is more than any home buyer could ever hope for. Maybe that is exactly why borrowers who have obtained FHA financing through Family First mortgage rate them so highly.
The average loan officer tends to move faster than a home buyer is actually comfortable with, and only works with the mindset of closing as many loans as possible. At Family First, the loan officers take the time to get well acquainted with the goals and finances of the borrower, to make sure that the end result is satisfaction.
Borrowers need not worry when seeking FHA loans from Family First Mortgage, as they are proven powerhouses when it comes to securing affordable home financing. Best part is that they do it with the home buyer’s future in mind.
#5 Louisiana FHA Lender: Premier Nationwide Lending
With an amazing track record on the home finance market, Premier Nationwide Lending is not just a fancy sounding name. One look at their reviews, and its easy to understand why.
Clients who have obtained home loans through Premier have almost nothing negative to say about the company or its expert loan officers. Many have marveled at the speed and efficiency of the Premier Nationwide Lending team, and refuse to seek any other mortgage lender for future transactions.
Obtaining an FHA loan through Premier is no exception, and home buyers can expect 5 star service throughout the entire mortgage transaction from a highly experienced and knowledgeable loan officer. They may even be able to provide lower rates than any of the competition!
Shop Around Before You Get a Louisiana FHA Loan
Our picks for the best FHA 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. As a home buyer, 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 home loan 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 FHA lender in your area, don't hesitate to contact a home.loans mortgage expert!