The Best Mortgage Lenders in Carencro, LA
Compare verified mortgage lenders serving Carencro, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Carencro
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender serving Carencro and the broader Acadiana region, known for its exceptional customer service and competitive rates. With nearly three decades of experience, they specialize in a wide range of loan products, including first-time homebuyer programs and refinancing options. Their local Lafayette office ensures personalized support, and they have built a strong reputation for reliability and community involvement, with high customer satisfaction ratings highlighting their efficient loan processing and dedicated loan officers.
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New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a strong presence in Louisiana, including service to Carencro residents. Founded in 2003, they offer diverse loan options and are praised for their inclusive lending practices, such as programs for minority and first-time homebuyers. Their Baton Rouge office provides accessible support, and they are recognized for competitive rates, transparent processes, and a commitment to customer education, backed by numerous positive reviews for their responsive and knowledgeable staff.
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Movement Mortgage
Movement Mortgage
Movement Mortgage is a reputable lender with a local office in Lafayette, actively serving the Carencro area. Established in 2008, they are known for their fast loan closings and community-focused approach, including support for local events and charities. They offer a variety of mortgage products with competitive terms and have earned high marks for customer service, with reviews highlighting their efficiency, transparency, and personalized guidance throughout the homebuying process. Their experienced team ensures a smooth experience for both purchase and refinance loans.
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Frequently Asked Questions
Common questions about mortgage lending in Carencro, LA
What are the current mortgage rates like in Carencro, LA?
Mortgage rates in Carencro typically align with national averages but can vary slightly based on local lenders and market conditions. As of recent trends, rates for 30-year fixed mortgages in the area generally range from 6.5% to 7.5%, though it's best to check with local credit unions and banks for the most current offers. Lafayette-area lenders serving Carencro often provide competitive rates for qualified buyers.
Are there any first-time homebuyer programs specific to Carencro?
Yes, Carencro homebuyers can access Louisiana's statewide programs like the Soft Second Mortgage Program, which offers below-market interest rates and down payment assistance. Additionally, the Lafayette Consolidated Government offers programs that extend to Carencro residents, providing down payment assistance and favorable terms for first-time buyers meeting income requirements.
How does Carencro's location in a flood zone affect mortgage requirements?
Since much of Carencro is in a designated flood zone, most lenders will require flood insurance as a condition for your mortgage. This is in addition to standard homeowners insurance and typically adds $500-$1,500 annually to your housing costs. Your lender will help determine the specific flood zone designation and insurance requirements for your property.
What types of properties are common in Carencro's mortgage market?
Carencro's mortgage market primarily consists of single-family homes, many with larger lots typical of rural communities. You'll also find manufactured homes on permanent foundations, which many local lenders will finance with specific loan programs. Historic properties in older neighborhoods may require additional inspections but can qualify for renovation loans.
Are there any local down payment assistance programs for Carencro homebuyers?
Yes, through the Louisiana Housing Corporation's Market Rate GNMA Program, Carencro buyers can access down payment assistance up to 4% of the loan amount. Local lenders also often participate in USDA Rural Development loans, which require no down payment for eligible properties in and around Carencro, making homeownership more accessible.
Why Choose a Mortgage Lender in Carencro?
Local Market Knowledge
Lenders who understand Carencro'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 Carencro and get competitive rates on your home loan.