The Best Mortgage Lenders in Labadieville, LA
Compare verified mortgage lenders serving Labadieville, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Labadieville
Featured Mortgage Lenders
John D. Hebert
Supreme Lending
Supreme Lending is a highly-rated mortgage company with a strong local presence in the Bayou Region. The Thibodaux branch, led by John D. Hebert, specializes in serving communities throughout Assumption Parish including Labadieville. They are known for exceptional customer service, competitive rates, and expertise in various loan programs including USDA loans which are particularly relevant for rural areas like Labadieville. With over 20 years in business and numerous positive reviews highlighting their personalized approach and smooth closing processes, they are a top choice for home financing in the region.
Loan Types:
Mortgage Department
Gulf Coast Bank & Trust Company
Gulf Coast Bank & Trust Company is a well-established regional bank with deep roots in Southeast Louisiana. Serving Labadieville and surrounding communities, they offer comprehensive mortgage services with the advantage of local decision-making and personalized service. Their mortgage team has extensive experience with the unique real estate markets of the Bayou Region and provides competitive rates with various loan options. Customers consistently praise their knowledgeable staff, efficient processing, and commitment to the local community, making them a trusted choice for home financing.
Loan Types:
Mortgage Center
Whitney Bank
Whitney Bank, now part of Hancock Whitney, has been serving Louisiana communities for over a century and maintains a strong presence in the Labadieville area. Their experienced mortgage team offers a wide range of loan products with competitive rates and local underwriting expertise. Known for their reliability and customer-focused approach, Whitney Bank provides the stability of a large financial institution while maintaining local decision-making capabilities. Their extensive experience with Louisiana's unique housing markets and flood insurance requirements makes them particularly well-suited for serving Labadieville residents.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Labadieville, LA
What are the current mortgage rates like in Labadieville, LA?
Mortgage rates in Labadieville typically align with national averages but can be slightly influenced by local economic factors. Currently, rates for 30-year fixed mortgages range from 6.5% to 7.2%, though these vary by lender and borrower qualifications. It's advisable to compare offers from local credit unions like Teche Federal Credit Union alongside national lenders for the best rates.
Are there any first-time homebuyer programs specific to Labadieville or Assumption Parish?
Yes, the Louisiana Housing Corporation offers statewide programs like the Market Rate GNMA Program that Labadieville residents can access, providing competitive interest rates and down payment assistance. Additionally, local lenders may offer special programs for first-time buyers in rural areas like Labadieville, including USDA loans which require no down payment in eligible locations.
How does Labadieville's rural location affect my mortgage options?
Labadieville's rural designation makes many homes eligible for USDA loans, which offer 100% financing with no down payment requirement. This can be particularly advantageous given the area's moderate home prices. However, some lenders may have stricter appraisal requirements due to the limited number of comparable home sales in this small market.
What should I know about flood insurance requirements for Labadieville mortgages?
Given Labadieville's location in low-lying Assumption Parish near bayous, most lenders will require flood insurance regardless of FEMA flood zone designation. Premiums typically range from $500-$1,200 annually depending on elevation and proximity to water. This is a crucial cost factor to include in your mortgage budgeting for Labadieville properties.
Are there any local down payment assistance programs for Labadieville homebuyers?
While Labadieville itself doesn't have city-specific programs, Assumption Parish residents can access the Soft Second Mortgage Program through the Louisiana Housing Corporation, which provides up to $14,000 in down payment assistance. Local lenders like Citizens Bank and Teche Federal Credit Union may also offer their own assistance programs tailored to the area's moderate-income buyers.
Why Choose a Mortgage Lender in Labadieville?
Local Market Knowledge
Lenders who understand Labadieville'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 Labadieville and get competitive rates on your home loan.