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Ferriday, LA

The Best Mortgage Lenders in Ferriday, LA

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

3
Top Lenders
4.8
Avg Rating
420+
Reviews
9
Loan Types

Available Loan Programs in Ferriday

Conventional
FHA
VA
USDA
Construction
Refinance
Jumbo
Construction-to-Permanent
First-time Homebuyer

Featured Mortgage Lenders

1

Concordia Bank & Trust Company

Concordia Bank & Trust Company

★★★★☆
4.8/5

As the primary local banking institution in Ferriday itself, Concordia Bank & Trust offers deeply personalized mortgage services with exceptional community knowledge. With over a century of continuous operation, they provide the advantage of local underwriting decisions and longstanding relationships with area residents. Their high rating reflects consistent customer satisfaction with both the mortgage process and ongoing banking relationships, making them the top choice for Ferriday residents seeking local expertise and personalized service.

Experience:120 years
Reviews:85 customer reviews
101 Texas Street, Ferriday, LA 71334

Loan Types:

ConventionalFHAVAUSDAConstructionRefinance
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2

Red River Bank

Red River Bank

★★★★☆
4.7/5

Red River Bank is a highly-rated regional institution that serves the Ferriday area through their Central Louisiana presence. With multiple "Best of" awards for mortgage lending in Louisiana, they offer competitive rates and a wide variety of loan products. Their mortgage team receives consistent praise for responsive communication and smooth closing processes. As a community-focused bank with strong capital reserves, they provide both stability and personalized service that competes effectively with national lenders while maintaining local decision-making capabilities.

Experience:23 years
Reviews:210 customer reviews
1412 Centre Court Drive, Alexandria, LA 71301

Loan Types:

ConventionalFHAVAUSDAJumboConstruction-to-Permanent
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3

Greg C. Gunter

Supreme Lending

★★★★☆
4.9/5

Located just across the Mississippi River in Natchez, Greg Gunter with Supreme Lending is one of the highest-rated mortgage professionals serving the Ferriday area. With nearly two decades of local lending experience, he specializes in guiding clients through the entire mortgage process with exceptional attention to detail. His numerous five-star reviews highlight his expertise with VA loans and first-time homebuyer programs, along with his ability to secure competitive rates for clients throughout the Mississippi-Louisiana border region.

Experience:18 years
Reviews:125 customer reviews
109 John R. Junkin Drive, Natchez, MS 39120

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Ferriday, LA

What are the current average mortgage rates for homebuyers in Ferriday, Louisiana?

Mortgage rates in Ferriday typically align with national averages but can vary based on local lenders and property types. Currently, rates for 30-year fixed mortgages in the area range from 6.5% to 7.25%, with local credit unions like Concordia Parish School Board Federal Credit Union often offering competitive rates. It's important to shop around with both local and regional lenders to find the best rate for your situation.

Are there any first-time homebuyer programs specifically available in Ferriday?

Yes, Ferriday homebuyers can access Louisiana's statewide programs like the SoftSecond Program and Market Rate GNMA Program, which offer down payment assistance and favorable terms. Additionally, the Concordia Parish Economic and Industrial Development District may offer local incentives for first-time buyers purchasing in designated areas. These programs can be particularly helpful given Ferriday's median home prices being below state averages.

How does Ferriday's flood risk affect mortgage requirements?

Given Ferriday's location near the Mississippi River and low-lying geography, many properties require flood insurance as a mortgage condition. Lenders will typically require a flood elevation certificate to determine if the property is in a FEMA-designated flood zone. This additional insurance cost (typically $500-$1,200 annually) should be factored into your monthly housing budget when applying for a mortgage.

What types of properties are most common for mortgage financing in Ferriday?

Ferriday's housing stock consists mainly of single-family homes, many of which are older properties (pre-1980). Lenders may require additional inspections for these older homes, and USDA rural development loans are popular since Ferriday qualifies as a rural area. Manufactured homes are also common but may have different financing requirements through specialized lenders.

Are there local property tax considerations that affect mortgage affordability in Ferriday?

Concordia Parish property taxes are relatively low compared to national averages, with millage rates around 90-110 mills. However, Louisiana's Homestead Exemption can significantly reduce tax burdens for primary residences by exempting the first $75,000 of home value from property taxes. Your lender should help calculate these local tax implications when determining your overall mortgage affordability.

Mortgage Insights

Finding Your Perfect Mortgage Match in Ferriday, Louisiana

Searching for "mortgage agents near me" is one of the smartest first steps you can take as a prospective homebuyer in Ferriday. While it might seem like a simple online query, in our close-knit Concordia Parish community, it’s about finding a local professional who understands the unique rhythm of our housing market and can be your trusted guide. Ferriday offers a compelling blend of historic charm, affordability, and a strong sense of community, but navigating the financial path to homeownership here benefits immensely from a local expert.

A mortgage agent or loan officer based in or familiar with Ferriday brings invaluable local market intelligence to the table. They understand the appraised values of homes in neighborhoods like Mary Bethune Street or near Lake St. John. They know which lenders are comfortable with the types of properties common here, whether it's a historic fixer-upper or a newer build on the outskirts. This local insight is crucial for getting an accurate pre-approval amount that reflects true Ferriday market values, strengthening your offer when you find the right home.

For Louisiana homebuyers, there are specific state and regional programs that a knowledgeable local agent can help you access. The most notable is the Louisiana Mortgage Credit Certificate (MCC) Program. This isn't a loan; it's a federal tax credit that can save you thousands of dollars over the life of your mortgage by reducing your annual federal income tax bill. A mortgage agent familiar with Louisiana's programs can determine if you qualify and integrate this benefit into your homebuying plan. Additionally, they can advise on USDA Rural Development loans, which are highly relevant for much of Concordia Parish, including areas around Ferriday, as they offer zero-down-payment options for eligible buyers in designated rural areas.

Your actionable search for a "mortgage agent near me" in Ferriday should go beyond just proximity. Start by asking for referrals from your local real estate agent, friends, or family who have recently purchased a home here. When you interview potential agents, ask direct questions: "How many loans have you closed in Concordia Parish in the last year?" "Can you walk me through the Louisiana MCC program?" "Which local lenders do you frequently work with?" Their answers will reveal their depth of local experience.

Finally, remember that in a smaller market, relationships matter. Choose an agent who is communicative, explains the process clearly (from pre-approval to the unique aspects of Louisiana closing attorney systems), and makes you feel confident. The right local mortgage professional won’t just process your loan; they’ll be a partner in helping you plant roots in Ferriday, ensuring your home financing is as solid as the community you’re joining.

Nearby Cities

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Why Choose a Mortgage Lender in Ferriday?

Local Market Knowledge

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