The Best Mortgage Lenders in Enterprise, LA
Compare verified mortgage lenders serving Enterprise, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Enterprise
Featured Mortgage Lenders
Red River Bank
Red River Bank
Red River Bank is a highly-rated regional bank serving Enterprise and central Louisiana with a strong reputation for personalized mortgage services. Founded in 1999, it offers competitive rates and a wide range of loan products, backed by excellent customer reviews highlighting their local expertise, responsive service, and community-focused approach. Their long-standing presence in the area ensures reliable and trustworthy lending solutions.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated national lender with a strong local presence in Louisiana, serving Enterprise through its Baton Rouge office. Known for exceptional customer service and competitive rates, they have numerous positive reviews praising their efficient processes and knowledgeable staff. Founded in 1996, they specialize in various loan types and have a track record of high customer satisfaction and reliability.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable national lender with a dedicated team serving Enterprise and surrounding areas from their New Orleans office. Founded in 2008, they are praised for their fast closings, transparent communication, and wide array of loan options. With high ratings and a focus on community engagement, they provide reliable mortgage solutions and have built a strong reputation for customer-centric service in Louisiana.
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Frequently Asked Questions
Common questions about mortgage lending in Enterprise, LA
What are the current average mortgage rates for homebuyers in Enterprise, LA?
Mortgage rates in Enterprise typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates hover around 6.5-7% for qualified buyers, while rural property loans might be slightly higher. It's best to check with local credit unions like Richland State Bank or regional lenders for the most competitive Enterprise-specific rates.
Are there any special mortgage programs for first-time homebuyers in Enterprise?
Yes, Enterprise homebuyers can access Louisiana's Hardest Hit Fund and Market Rate GNMA programs, which offer down payment assistance and competitive rates. Additionally, USDA loans are particularly valuable in Enterprise since much of the area qualifies for rural development loans with zero down payment requirements, making homeownership more accessible.
How does Enterprise's rural location affect mortgage lending options?
Enterprise's rural character actually expands mortgage options through USDA Rural Development loans, which are widely available throughout the parish. However, some national lenders may have stricter requirements for rural properties, making local community banks and credit unions often more flexible for financing older homes or agricultural properties common in the area.
What should I know about property taxes and insurance when getting a mortgage in Enterprise?
Enterprise homeowners benefit from relatively low property taxes compared to urban areas in Louisiana, typically around 0.5% of assessed value. However, flood insurance is a significant consideration since much of the area is in flood zones, adding $500-$1,500 annually to your mortgage escrow payments depending on your property's elevation and location.
Are there local down payment assistance programs specifically for Enterprise residents?
While Enterprise itself doesn't have city-specific programs, residents qualify for statewide programs like the Louisiana Housing Corporation's SoftSecond program, which offers up to $12,000 in down payment assistance. Local lenders also often work with first-time buyers to structure loans using Louisiana's Mortgage Credit Certificate program, providing valuable tax credits.
Why Choose a Mortgage Lender in Enterprise?
Local Market Knowledge
Lenders who understand Enterprise'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 Enterprise and get competitive rates on your home loan.