The Best Mortgage Lenders in Longstreet, LA
Compare verified mortgage lenders serving Longstreet, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Longstreet
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in Shreveport, serving the Longstreet area with exceptional customer service and competitive rates. Founded in 1996, they have built a reputation for reliability, offering a wide range of loan products including FHA and VA loans, which are popular in rural areas like DeSoto Parish. Their high ratings and extensive review count reflect consistent customer satisfaction, personalized advice, and efficient processing, making them a trusted choice for homebuyers in Northwest Louisiana.
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New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender known for its diverse loan options and strong customer service record. Founded in 2003, they have expanded to serve Louisiana, including the Longstreet area, with a focus on first-time homebuyers and refinancing. Their high rating and substantial review count highlight their commitment to competitive rates, educational resources, and inclusive lending practices, such as programs for low-to-moderate income borrowers, ensuring accessibility for residents in rural communities.
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On Q Financial
On Q Financial, Inc.
Top-rated mortgage lender serving Longstreet, Louisiana.
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Frequently Asked Questions
Common questions about mortgage lending in Longstreet, LA
What are the current average mortgage rates for homebuyers in Longstreet, LA?
Mortgage rates in Longstreet typically align with national averages but can vary slightly based on local lenders and property types. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though rural property loans may carry slightly higher rates. It's best to compare offers from local credit unions like Red River Bank along with national lenders for the most competitive terms.
Are there any special mortgage programs for first-time homebuyers in Longstreet?
Yes, Louisiana offers the Louisiana Mortgage Revenue Bond Program which provides below-market interest rates and down payment assistance for first-time homebuyers in Longstreet. Additionally, the USDA Rural Development loan program is particularly relevant since Longstreet qualifies as a rural area, offering 100% financing options for eligible borrowers purchasing homes in the community.
How does Longstreet's rural location affect mortgage lending requirements?
Longstreet's rural designation means USDA loans are widely available, requiring no down payment for qualified buyers. However, some conventional lenders may have stricter requirements due to the smaller local market and limited comparable property sales. Appraisals can sometimes be challenging, so working with lenders experienced in rural Louisiana properties is recommended.
What local down payment assistance programs are available for Longstreet homebuyers?
The Louisiana Housing Corporation offers down payment assistance up to $8,000 through the Market Rate GNMA program for Longstreet residents. DeSoto Parish also has occasional local assistance programs, and many buyers combine these with USDA direct loans that require no down payment. Local lenders can help identify which programs you qualify for based on income and property location.
Are there any special considerations for purchasing manufactured homes in Longstreet?
Yes, manufactured home financing in Longstreet requires careful planning since not all lenders finance them, and those that do often require the home to be on a permanent foundation. Local credit unions and specialized manufactured home lenders typically offer the best terms. USDA loans can also be used for manufactured homes in Longstreet if they meet program requirements for permanent foundations and minimum square footage.
Nearby Cities
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Why Choose a Mortgage Lender in Longstreet?
Local Market Knowledge
Lenders who understand Longstreet'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 Longstreet and get competitive rates on your home loan.