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Columbia, LA

The Best Mortgage Lenders in Columbia, LA

Compare verified mortgage lenders serving Columbia, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
470+
Reviews
9
Loan Types

Available Loan Programs in Columbia

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Home Equity
First-time Homebuyer

Featured Mortgage Lenders

1

Guidestone Financial Services

Guidestone Financial Services of Louisiana

★★★★☆
4.8/5

Guidestone Financial Services is one of Louisiana's most respected mortgage lenders with deep roots in the Northeast Louisiana region. As part of the larger Guidestone organization that has served Louisiana communities for decades, they offer personalized mortgage services with a strong focus on local expertise. Their team understands the unique real estate market in rural areas like Columbia and surrounding Caldwell Parish. They consistently receive high marks for their competitive rates, transparent process, and exceptional customer service, particularly for first-time homebuyers and veterans utilizing VA loans.

Experience:25 years
Reviews:150 customer reviews
1900 North 18th Street, Monroe, LA 71201

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Progressive Bank

Progressive Bank

★★★★☆
4.6/5

Progressive Bank has been serving Northeast Louisiana communities including Columbia for over two decades with reliable mortgage services and local decision-making. As a community bank with multiple branches throughout the region, they offer the advantage of working with loan officers who understand the local Columbia market and can provide personalized attention throughout the mortgage process. They are particularly noted for their construction loans and competitive conventional mortgage rates, with many customers praising their responsive service and local underwriting expertise.

Experience:20+ years
Reviews:120 customer reviews
1010 North 18th Street, Monroe, LA 71201

Loan Types:

ConventionalFHAVAConstructionRefinanceHome Equity
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3

Pelican State Credit Union

Pelican State Credit Union

★★★★☆
4.7/5

While headquartered in Baton Rouge, Pelican State Credit Union serves members throughout Louisiana including the Columbia area, offering highly competitive mortgage rates and exceptional member service. As a credit union, they operate as a not-for-profit institution, which often translates to lower fees and better terms for borrowers. They have built a strong reputation for their first-time homebuyer programs and USDA rural development loans, which are particularly relevant for the Columbia market. Their digital mortgage application process receives consistent praise for efficiency while maintaining personalized service.

Experience:15+ years
Reviews:200 customer reviews
2675 Millerville Road, Baton Rouge, LA 70816

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Columbia, LA

What are the current average mortgage rates in Columbia, LA, and how do they compare to state averages?

Mortgage rates in Columbia typically align closely with Louisiana state averages, often ranging between 6.5% and 7.5% for 30-year fixed loans as of 2024. However, local lenders may offer competitive rates specific to Caldwell Parish, sometimes slightly lower due to the rural nature of the area. It's best to compare offers from both local credit unions like Caldwell Bank & Trust and regional lenders for the most favorable terms.

Are there any special mortgage programs for first-time homebuyers in Columbia?

Yes, Columbia homebuyers can access the Louisiana Mortgage Revenue Bond Program, which offers below-market interest rates and down payment assistance to qualified first-time buyers. Additionally, the USDA Rural Development Loan is particularly relevant for Columbia properties, offering 100% financing with no down payment required for eligible borrowers in this designated rural area.

How does Columbia's location in a flood zone affect mortgage requirements?

Given Columbia's proximity to the Ouachita River and location in Flood Zone AE, most lenders will require flood insurance as a condition for your mortgage. This additional insurance cost typically adds $500-$1,500 annually to your housing expenses, and proof of coverage must be secured before closing. It's crucial to factor this into your budget when considering homes in flood-prone areas of Columbia.

What local down payment assistance programs are available for Columbia homebuyers?

The Louisiana Housing Corporation's Soft Second Program provides up to $12,000 in down payment assistance for eligible Columbia buyers, which becomes a forgivable loan after 10 years. Additionally, the Caldwell Parish Community Fund occasionally offers local grants for home purchases, particularly for essential workers and teachers serving the Columbia area.

How do property values and appraisal processes work in Columbia's unique real estate market?

Columbia's property values are generally lower than state averages, with median home prices around $120,000-$150,000. Appraisals can be challenging due to limited comparable sales in this small market, so working with lenders familiar with Caldwell Parish is advantageous. The mix of historic homes downtown and newer construction on the outskirts requires appraisers with local market expertise to ensure accurate valuations.

Nearby Cities

Explore mortgage lenders in cities near Columbia, LA

Why Choose a Mortgage Lender in Columbia?

Local Market Knowledge

Lenders who understand Columbia'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 Columbia and get competitive rates on your home loan.