The Best Mortgage Lenders in Lecompte, LA
Compare verified mortgage lenders serving Lecompte, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lecompte
Featured Mortgage Lenders
Red River Bank Mortgage Team
Red River Bank
Red River Bank is one of the most trusted regional lenders serving Central Louisiana, including Lecompte. As a community-focused bank headquartered in Alexandria just 15 minutes from Lecompte, they offer personalized mortgage services with local underwriting and decision-making. Their mortgage team has extensive experience with rural property financing, USDA loans, and first-time homebuyer programs specific to Louisiana. Customers consistently praise their competitive rates, transparent process, and exceptional local service.
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The Mortgage Firm - Alexandria
The Mortgage Firm
The Mortgage Firm's Alexandria location is highly rated for serving the Lecompte area with exceptional mortgage services. They specialize in all major loan types with particular expertise in VA and USDA rural development loans that benefit Lecompte homebuyers. With nearly three decades of experience, their local loan officers provide personalized guidance through the entire mortgage process. Customers consistently highlight their responsiveness, competitive rates, and ability to close loans quickly and efficiently.
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Guild Mortgage - Lafayette
Guild Mortgage Company
Guild Mortgage's Lafayette branch serves the Central Louisiana region including Lecompte, offering comprehensive mortgage solutions with a strong focus on customer service. As a national lender with deep local roots, they provide competitive rates and specialized loan programs including renovation loans that work well for older properties in the Lecompte area. Their experienced loan officers are praised for guiding borrowers through complex situations and providing educational resources throughout the homebuying process.
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Frequently Asked Questions
Common questions about mortgage lending in Lecompte, LA
What are the current average mortgage rates for homebuyers in Lecompte, LA?
Mortgage rates in Lecompte 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, though rural property loans might carry slightly higher rates. It's best to check with local lenders like Red River Bank or BOM for the most accurate, personalized rates.
Are there any first-time homebuyer programs specifically available in Lecompte?
Yes, Louisiana offers the Louisiana Mortgage Revenue Bond Program, which provides below-market interest rates and down payment assistance to first-time homebuyers statewide, including Lecompte. Additionally, the USDA Rural Development Loan is popular here since Lecompte qualifies as a rural area, offering 100% financing with no down payment required for eligible buyers.
How does Lecompte's rural location affect my mortgage options?
Lecompte's rural designation makes USDA loans widely available, which is a significant advantage for buyers with moderate incomes. However, some national lenders may have limited local presence, so working with regional banks familiar with Rapides Parish property values is beneficial. Appraisal processes might also consider local agricultural influences on property values.
What special considerations should I know about property taxes when getting a mortgage in Lecompte?
Rapides Parish, where Lecompte is located, has relatively low property tax rates compared to national averages, typically around 0.45% of assessed value. Your mortgage lender will factor this into your monthly payment calculations through escrow. First-time homeowners may qualify for the Louisiana Homestead Exemption, which exempts the first $75,000 of home value from property taxes.
Are there any local down payment assistance programs for Lecompte homebuyers?
While Lecompte itself doesn't offer city-specific programs, buyers can access Rapides Parish programs and statewide assistance. The Louisiana Housing Corporation provides down payment assistance up to $10,000 through various programs. Additionally, some local credit unions offer special first-time buyer programs with reduced down payment requirements for Rapides Parish residents.
Nearby Cities
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Why Choose a Mortgage Lender in Lecompte?
Local Market Knowledge
Lenders who understand Lecompte'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 Lecompte and get competitive rates on your home loan.