The Best Mortgage Lenders in Arcadia, LA
Compare verified mortgage lenders serving Arcadia, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Arcadia
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender renowned for its exceptional customer service, competitive rates, and extensive loan options. With over 25 years in the industry, they have a strong local presence in North Louisiana through their Shreveport office, serving Arcadia residents with personalized mortgage solutions. Their high customer satisfaction ratings and commitment to streamlining the home financing process make them a trusted choice for homebuyers in the region.
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New American Funding
New American Funding
New American Funding is highly respected for its diverse loan products and dedication to inclusive lending practices. Founded in 2003, they have built a solid reputation for assisting borrowers of all backgrounds, including first-time homebuyers and those with unique financial situations. Their Shreveport office actively serves the Arcadia area, offering competitive rates and a customer-centric approach that has earned them numerous positive reviews and industry accolades.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a rapidly growing lender known for its efficient, technology-driven mortgage process and competitive pricing. With over 13 years of experience, they focus on simplifying home financing for borrowers in North Louisiana, including Arcadia. Their local Shreveport team provides personalized service and a wide range of loan options, backed by strong customer reviews for reliability and responsiveness in the home buying journey.
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Frequently Asked Questions
Common questions about mortgage lending in Arcadia, LA
What are current mortgage rates like in Arcadia, LA compared to state averages?
Arcadia mortgage rates typically align with Louisiana state averages, but can be slightly higher than national rates due to the rural nature of the area. As of 2024, rates in Bienville Parish generally range from 6.5% to 7.5% for conventional 30-year fixed loans, though local credit unions like Citizens Progressive Bank may offer competitive regional rates.
Are there any first-time homebuyer programs specifically available in Arcadia?
Yes, Arcadia homebuyers can access Louisiana's Hardest Hit Fund program and the Market Rate GNMA program, which offer down payment assistance and affordable financing. Additionally, local lenders often participate in USDA Rural Development loans, which are particularly beneficial in Arcadia given its rural designation and can offer 100% financing.
How does Arcadia's rural location affect mortgage lending options?
Arcadia's rural classification makes USDA loans widely available, offering zero-down-payment options for qualified buyers. However, some national lenders may have limited presence here, so working with local banks and credit unions familiar with Bienville Parish property values and market conditions is often advantageous.
What special considerations should I know about property taxes when getting a mortgage in Arcadia?
Bienville Parish has relatively low property tax rates compared to urban Louisiana areas, typically around 0.5% of assessed value. Your mortgage lender will include these taxes in your monthly escrow payment, and it's important to note that Arcadia properties often have lower insurance costs than flood-prone regions of Louisiana.
Are there any local mortgage programs that help with Arcadia's older housing inventory?
Yes, the Louisiana Housing Corporation's Rehabilitation Loan Program can be paired with mortgages to finance needed repairs on Arcadia's older homes. Many local lenders also offer renovation loans like the FHA 203(k), which is valuable given that many Arcadia homes were built before 1980 and may require updates.
Why Choose a Mortgage Lender in Arcadia?
Local Market Knowledge
Lenders who understand Arcadia'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 Arcadia and get competitive rates on your home loan.