The Best Mortgage Lenders in Amelia, LA
Compare verified mortgage lenders serving Amelia, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Amelia
Featured Mortgage Lenders
Chris Ferachi
Gulf Coast Bank & Trust Company
Gulf Coast Bank & Trust Company is one of Louisiana's most respected regional banks with a strong mortgage division serving communities throughout southern Louisiana. With over 30 years of operation, they have deep roots in the region and understand the unique needs of Amelia and surrounding St. Mary Parish residents. Their mortgage team offers personalized service with local decision-making, competitive rates, and expertise in various loan programs including rural development loans suitable for the Amelia area. They consistently receive high marks for their responsive service and community-focused approach.
Loan Types:
Mortgage Department
Neighbors Federal Credit Union
As one of Louisiana's largest credit unions, Neighbors FCU has been serving members across southern Louisiana for over 65 years, including the Amelia area. Their mortgage department is particularly noted for exceptional member service, competitive rates for qualified borrowers, and flexible lending criteria. They offer specialized first-time homebuyer programs and have extensive experience with USDA rural housing loans that benefit Amelia residents. Members consistently praise their straightforward process, transparency, and willingness to work with borrowers throughout the entire home financing journey.
Loan Types:
Local Mortgage Advisor
Guild Mortgage
Guild Mortgage is a national lender with strong presence in Louisiana and specialized knowledge of rural communities like Amelia. With six decades of experience, they offer a comprehensive range of loan products and have particular expertise in government-backed loans including VA and USDA programs that work well for the Amelia market. Their local mortgage advisors understand the specific needs of St. Mary Parish homebuyers and provide personalized service with the backing of a large lender's resources. Guild is consistently rated highly for their customer service, loan processing efficiency, and competitive rate offerings.
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Frequently Asked Questions
Common questions about mortgage lending in Amelia, LA
What are the current average mortgage rates for homebuyers in Amelia, LA?
Mortgage rates in Amelia typically align with national averages but can be slightly higher due to the rural nature of St. Mary Parish. As of 2024, conventional 30-year fixed rates in the area generally range from 6.5% to 7.25%, though local credit unions like Teche Federal Credit Union often offer competitive rates. It's important to get multiple quotes from both local and national lenders to find the best rate for your situation.
Are there any first-time homebuyer programs specifically available in Amelia?
Yes, Amelia homebuyers can access Louisiana's Hardest Hit Fund program which offers down payment assistance up to $35,000 for eligible borrowers in St. Mary Parish. Additionally, the Louisiana Housing Corporation's Mortgage Revenue Bond program provides below-market interest rates and down payment assistance. Local lenders familiar with these programs can help you determine eligibility based on income and credit requirements.
How does Amelia's location in a flood zone affect mortgage requirements?
Given Amelia's low-lying coastal location, most lenders will require flood insurance as a condition for your mortgage. Properties in St. Mary Parish typically fall within FEMA-designated flood zones, meaning you'll need to budget for annual flood insurance premiums of $500-$2,000+ depending on your property's elevation certificate and flood risk. This is mandatory even if your property isn't in a high-risk flood zone.
What types of properties are most common in Amelia's mortgage market?
Amelia's mortgage market primarily consists of single-family homes and manufactured homes on permanent foundations. Traditional site-built homes typically qualify for conventional financing, while manufactured homes may require specialized loans like FHA Title II or VA loans. Many local lenders have experience with both property types common in this rural community, though manufactured homes may have stricter appraisal requirements.
Are there local down payment assistance programs for Amelia homebuyers?
St. Mary Parish offers the Soft Second Mortgage Program through the Louisiana Housing Corporation, providing up to $14,000 in down payment assistance that becomes a 0% interest loan forgiven after 10 years. Additionally, the USDA Rural Development program is widely available in Amelia and offers 100% financing with no down payment requirement for eligible borrowers meeting income limits in this designated rural area.
Why Choose a Mortgage Lender in Amelia?
Local Market Knowledge
Lenders who understand Amelia's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Louisiana.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Amelia and get competitive rates on your home loan.