The Best Mortgage Lenders in Benton, LA
Compare verified mortgage lenders serving Benton, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Benton
Featured Mortgage Lenders
Guild Mortgage - Shreveport/Bossier City
Guild Mortgage Company
Guild Mortgage's Shreveport/Bossier City branch serves the Benton area with exceptional customer satisfaction ratings. As a top-rated regional mortgage lender with deep roots in Northwest Louisiana, they specialize in first-time homebuyer programs, VA loans for military families, and conventional financing. Their local team provides personalized service with competitive rates and extensive experience navigating the unique real estate market of Bossier Parish and surrounding areas.
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CrossCountry Mortgage - Shreveport
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Shreveport office consistently ranks among the top mortgage lenders serving Benton and Northwest Louisiana. They offer a comprehensive range of loan products with particularly strong VA and FHA loan expertise. The local team is known for their responsive communication, streamlined processing, and competitive rate offerings. Their national backing combined with local market knowledge makes them a preferred choice for Benton area homebuyers.
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Supreme Lending - Shreveport
Supreme Lending
Supreme Lending's Shreveport branch has built an outstanding reputation serving the Benton real estate market with reliable mortgage solutions and exceptional customer service. They excel in construction loans and renovation financing, which is particularly valuable in the growing Benton area. Their experienced loan officers provide personalized guidance through the entire mortgage process, with strong relationships with local real estate professionals and competitive rate structures for various loan types.
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Frequently Asked Questions
Common questions about mortgage lending in Benton, LA
What are the current average mortgage rates for homebuyers in Benton, LA?
Mortgage rates in Benton typically align with national averages but can be slightly lower due to Louisiana's overall affordable housing market. As of late 2024, conventional 30-year fixed rates in the area generally range from 6.5% to 7.25%, though your specific rate will depend on credit score, loan type, and down payment. Local lenders often offer competitive rates, so it's wise to compare options from both Benton-based banks and regional institutions.
Are there any first-time homebuyer programs specifically available in Benton?
Yes, Benton homebuyers can access Louisiana's statewide programs like the Market Rate GNMA Program and the Delta 100 Program, which offer competitive interest rates and down payment assistance. Additionally, the Louisiana Housing Corporation provides mortgage credit certificates that can reduce federal tax liability for qualified first-time buyers. These programs are particularly valuable in Benton's market where median home prices remain below national averages.
How does Bossier Parish's property tax structure affect my mortgage payments in Benton?
Bossier Parish has relatively moderate property tax rates compared to national averages, which helps keep escrow payments manageable. The current combined tax rate for Benton properties is approximately 0.45% of assessed value, meaning a $200,000 home would have annual taxes around $900. Your lender will include these taxes in your monthly mortgage payment through an escrow account, so budget for this additional amount beyond principal and interest.
What special considerations should I know about when getting a mortgage for older homes in Benton's historic areas?
Many Benton homes built before 1978 may contain lead-based paint, requiring specific disclosures and potentially affecting loan requirements. Additionally, older homes might need specialized inspections for foundation issues common in Louisiana's clay soil, and some lenders may require repairs before closing. FHA 203(k) renovation loans can be particularly useful for financing both purchase and repairs of Benton's historic properties.
Are USDA loans a good option for homebuyers in Benton given its location?
Yes, Benton's location qualifies for USDA rural housing loans, which offer 100% financing with no down payment requirement. This can be especially advantageous for buyers with moderate incomes looking at properties in Benton's more rural outskirts. Given Benton's classification as a rural area by USDA standards, many homes within and surrounding the town are eligible for these beneficial loan programs.
Why Choose a Mortgage Lender in Benton?
Local Market Knowledge
Lenders who understand Benton'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 Benton and get competitive rates on your home loan.