The Best Mortgage Lenders in Princeton, LA
Compare verified mortgage lenders serving Princeton, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Princeton
Featured Mortgage Lenders
Scott Howard
Progressive Mortgage Services
Progressive Mortgage Services is a highly-rated regional mortgage broker serving the Princeton area with over two decades of experience. They specialize in personalized service and have built a strong reputation for helping clients throughout North Louisiana secure competitive mortgage rates. Their team of experienced loan officers provides comprehensive guidance through the entire home buying process, with particular expertise in VA loans important to the military community in the region. They consistently receive praise for their responsiveness and ability to close loans efficiently.
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Pelican State Credit Union Mortgage Department
Pelican State Credit Union
As one of Louisiana's largest credit unions, Pelican State CU has been serving communities across the state including Princeton for over six decades. Their mortgage division offers competitive rates and personalized service with a member-focused approach. They are particularly strong in first-time homebuyer programs and construction loans, with local decision-making authority that speeds up the approval process. Members consistently praise their low fees, transparent process, and commitment to community development throughout North Louisiana.
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Chris Rinaudo
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence serving the Princeton area through their Shreveport branch. Loan officer Chris Rinaudo and his team have built an exceptional reputation for providing competitive rates and outstanding customer service. They specialize in navigating complex loan scenarios and offer a wide range of mortgage products. With hundreds of positive reviews highlighting their communication skills and ability to meet tight deadlines, they are consistently ranked among the top mortgage lenders in North Louisiana.
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Frequently Asked Questions
Common questions about mortgage lending in Princeton, LA
What are the current mortgage rates like in Princeton, LA compared to the national average?
Mortgage rates in Princeton, LA are typically very close to the national average, but local lenders may offer competitive rates for well-qualified buyers. Given Princeton's rural location in Bossier Parish, it's wise to compare offers from both local community banks and larger regional lenders. Rates can be influenced by local market activity and the borrower's specific financial profile.
Are there any down payment assistance programs available for homebuyers in Princeton?
Yes, homebuyers in Princeton may be eligible for statewide programs like the Louisiana Market Rate Plus program, which offers competitive interest rates and down payment assistance. Additionally, the Louisiana Housing Corporation's Mortgage Revenue Bond program provides affordable financing options for first-time homebuyers. These programs can be particularly helpful given Princeton's affordable housing market.
How does Princeton's rural location affect the mortgage process and available loan types?
Princeton's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment required. This is a significant advantage for buyers looking in this area. However, some rural properties might require additional inspections for wells, septic systems, or land assessments that could affect the appraisal process.
What should I know about property taxes and insurance when getting a mortgage in Princeton?
Bossier Parish has relatively moderate property tax rates compared to national averages, which can help with overall housing affordability. However, flood insurance is an important consideration in Princeton due to its proximity to the Red River and local waterways, which may be required and add to your monthly mortgage payment. Your lender will help determine if your property is in a designated flood zone.
Are there any special considerations for first-time homebuyers looking in Princeton's real estate market?
First-time buyers in Princeton should explore the Louisiana Housing Corporation's first-time homebuyer program, which offers down payment assistance and favorable terms. Given Princeton's more affordable housing market compared to larger Louisiana cities, first-time buyers may find they can qualify for more home than expected. Working with a local lender familiar with Bossier Parish's specific market conditions is recommended.
Nearby Cities
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Why Choose a Mortgage Lender in Princeton?
Local Market Knowledge
Lenders who understand Princeton'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 Princeton and get competitive rates on your home loan.