Louisiana Mortgage Rates & Home Loans

What moves Louisiana mortgage rates

The rate you actually get on a Louisiana home loan depends on your credit tier, down payment and loan-to-value, loan program, occupancy, and whether you buy points or take a lender credit, not just the headline number. As a Louisiana mortgage broker we price your exact scenario across multiple lenders and show the rate near par next to a lower rate bought down with points. The live Louisiana mortgage rates below update from our pricing engine for a sample statewide scenario, though in Louisiana the payment is shaped as much by insurance as by the rate.

Insurance is the real challenge

Since the recent run of hurricanes, Louisiana's homeowners insurance market has been under real strain, with some carriers leaving the state and premiums rising sharply. This affects both your monthly payment and, in some cases, your ability to close, since lenders require coverage. We treat insurance as a first-order part of every Louisiana file: getting a real quote into your qualification early, understanding options including the state's insurer of last resort where needed, and making sure the payment you plan around survives closing.

Flood zones and elevation

Much of Louisiana is low and near water, and flood is a central consideration. In FEMA flood zones, separate flood insurance is required, and a property's elevation certificate can dramatically affect the cost, sometimes two nearby homes differ enormously based on how high they sit. We check a property's flood status early, weigh NFIP against private flood options, and build the real number into your estimate so flood does not ambush your payment.

The homestead exemption

Here is real good news: Louisiana's homestead exemption is one of the more generous in the country, exempting a meaningful chunk of your home's assessed value from parish property taxes on a primary residence. That keeps the property-tax portion of a Louisiana payment relatively low, which helps offset the insurance side. We estimate your taxes on a homesteaded basis so your Louisiana mortgage payment reflects reality.

Historic homes and renovation

Louisiana, and New Orleans especially, is full of historic homes, shotguns, Creole cottages, raised centers, that carry real character and sometimes real condition questions. A renovation loan that finances repairs into the mortgage can turn a fixer into a home, and because we work with many lenders, we can match the loan to older and unusual properties better than a single bank's box allows.

New Orleans Mortgage Rates & Broker · Orleans Parish & the metro

A New Orleans mortgage broker for a market of historic homes, elevation and flood questions, and a tough insurance climate. We handle shotgun and Creole cottages, renovation loans, condos, and short-term-rental financing. See New Orleans mortgage rates and guidance →

Baton Rouge Mortgage Rates & Broker · The Capital region & LSU

Baton Rouge mortgage rates in the affordable state capital, home to LSU. Strong on first-time and move-up buyers, flood-zone guidance after the 2016 floods, and new construction in the growing suburbs. See Baton Rouge mortgage rates and guidance →

Lafayette Mortgage Rates & Broker · Acadiana & the energy belt

A Lafayette mortgage broker for the heart of Cajun country and the energy economy. Strong on first-time buyers, self-employed and energy-sector income, and affordable move-up homes. See Lafayette mortgage rates and guidance →

Shreveport Mortgage Rates & Broker · Northwest Louisiana & the Ark-La-Tex

Shreveport mortgage rates in one of the state's most affordable metros, with VA demand near Barksdale and strong first-time-buyer and FHA activity. See Shreveport mortgage rates and guidance →