The Best Mortgage Lenders in Centerville, LA
Compare verified mortgage lenders serving Centerville, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Centerville
Featured Mortgage Lenders
Mortgage Solutions of Louisiana
Mortgage Solutions of Louisiana
Mortgage Solutions of Louisiana is a highly-rated local mortgage broker serving Centerville and surrounding St. Mary Parish areas. With nearly two decades of experience, they specialize in personalized mortgage solutions for Louisiana residents. Their team of local experts understands the unique housing market in South Louisiana and provides competitive rates with exceptional customer service. They consistently receive 5-star reviews for their responsive communication, streamlined process, and expertise with various loan programs including FHA, VA, and USDA loans that are popular in rural areas like Centerville.
Loan Types:
Neighbors Federal Credit Union
Neighbors Federal Credit Union
As one of Louisiana's largest credit unions, Neighbors FCU has been serving communities across South Louisiana for over six decades, including Centerville and St. Mary Parish. While headquartered in Baton Rouge, they have a strong digital presence and mobile banking capabilities that allow them to serve rural communities effectively. Members consistently praise their competitive mortgage rates, low fees, and exceptional member service. Their local loan officers have deep knowledge of Louisiana's housing market and offer personalized guidance through the entire mortgage process.
Loan Types:
The Mortgage Firm - Louisiana
The Mortgage Firm
The Mortgage Firm has been serving South Louisiana communities including Centerville for over 25 years. With their Houma location just a short drive from Centerville, they provide localized service with national lending capabilities. They are particularly known for their expertise in rural property financing and government-backed loans that benefit Centerville residents. Customers consistently rate them highly for their transparent communication, competitive rates, and efficient closing processes. Their team of experienced loan officers specializes in helping buyers navigate the unique aspects of purchasing homes in rural Louisiana communities.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Centerville, LA
What are current mortgage rates like for homebuyers in Centerville, LA?
Mortgage rates in Centerville typically align with national averages but can vary based on local lender competition and property types common in the area. Currently, rates for 30-year fixed mortgages range from 6.5% to 7.2% depending on credit score and loan terms. Local credit unions like St. Mary Land Bank often offer competitive rates specifically for Centerville residents.
Are there any first-time homebuyer programs specific to Centerville?
Yes, Centerville homebuyers can access Louisiana's Hardest Hit Fund program which offers down payment assistance up to $30,000 for eligible borrowers. Additionally, the Louisiana Housing Corporation's Market Rate GNMA program provides competitive financing options specifically beneficial for first-time buyers in smaller communities like Centerville where housing inventory can be limited.
How does Centerville's rural location affect mortgage lending requirements?
Centerville's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment required. However, lenders may require additional property inspections for older homes common in the area, and appraisals might take longer due to fewer comparable sales in this small St. Mary Parish community.
What special considerations should I know about flood insurance requirements in Centerville?
Given Centerville's location in flood-prone St. Mary Parish, most mortgage lenders will require flood insurance regardless of the property's specific flood zone designation. Premiums typically range from $500-$1,200 annually depending on elevation certificates, which is an important factor to include in your overall housing budget calculations.
Are there local lenders in Centerville who understand the unique aspects of buying property here?
While Centerville itself has limited brick-and-mortar lenders, several regional institutions like Teche Federal Bank and St. Mary Land Bank have deep experience with local property types including acreage properties and older homes. These lenders often have more flexible underwriting for the unique characteristics of Centerville real estate compared to national banks.
Nearby Cities
Explore mortgage lenders in cities near Centerville, LA
Why Choose a Mortgage Lender in Centerville?
Local Market Knowledge
Lenders who understand Centerville'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 Centerville and get competitive rates on your home loan.