The Best Mortgage Lenders in Schriever, LA
Compare verified mortgage lenders serving Schriever, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Schriever
Featured Mortgage Lenders
Chris Hebert
Gulf Coast Bank & Trust Company
Gulf Coast Bank & Trust Company is one of the most respected regional lenders serving the Schriever area with deep community roots and exceptional customer satisfaction. With over 50 years in business, they offer personalized mortgage services through local loan officers who understand the unique needs of Terrebonne Parish residents. Their strong reputation for competitive rates, flexible loan options, and local decision-making makes them a top choice for home financing in the Bayou Region.
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Ryan P. Callais
South Louisiana Bank
South Louisiana Bank has been serving the mortgage needs of Schriever and surrounding communities for over a century, building a reputation for reliability and exceptional local service. As a community-focused institution, they offer competitive mortgage products with the personal touch of local decision-makers. Their experienced loan officers provide tailored solutions for homebuyers throughout Terrebonne and Lafourche Parishes, with particular expertise in first-time homebuyer programs and government-backed loans.
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Mortgage Department
Neighbors Federal Credit Union
Neighbors Federal Credit Union is a highly-rated mortgage lender that serves Schriever residents through their extensive branch network and digital lending platform. With over 65 years of financial service experience, they offer competitive mortgage rates and exceptional member service. Their mortgage specialists are known for guiding borrowers through the entire process with transparency and expertise, offering a wide range of loan products including specialized programs for military members and first-time homebuyers throughout Louisiana.
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Frequently Asked Questions
Common questions about mortgage lending in Schriever, LA
What are the current mortgage interest rates like for homes in Schriever, LA?
Mortgage rates in Schriever typically align with national averages but can be influenced by local economic factors. Currently, rates for 30-year fixed mortgages range from 6.5% to 7.25% depending on credit score and loan type. It's advisable to compare offers from local lenders who understand the Terrebonne Parish market.
Are there any special mortgage programs for first-time homebuyers in Schriever?
Yes, Louisiana offers the Mortgage Revenue Bond program which provides below-market interest rates and down payment assistance for first-time homebuyers in Schriever. Additionally, the Louisiana Housing Corporation's soft second mortgage program can help with down payments and closing costs for eligible buyers in Terrebonne Parish.
How does Schriever's location in a flood zone affect mortgage requirements?
Given Schriever's proximity to coastal areas and flood plains, most lenders will require flood insurance as a condition for your mortgage. This is typically in addition to homeowners insurance and can add $500-$1,500 annually to your housing costs, depending on your property's specific flood risk designation.
What types of properties are most common for mortgage financing in Schriever?
Schriever features primarily single-family homes and manufactured homes on permanent foundations. Traditional mortgages work well for site-built homes, while manufactured homes may require specialized loans. Many lenders in the area are familiar with financing both property types common to this rural community.
Are there local lenders in Schriever who understand the unique aspects of this market?
While Schriever itself has limited brick-and-mortar lenders, several regional banks and credit unions in nearby Houma and Thibodaux specialize in Schriever mortgages. These local institutions often have better understanding of property values, flood considerations, and employment patterns specific to Terrebonne Parish residents.
Why Choose a Mortgage Lender in Schriever?
Local Market Knowledge
Lenders who understand Schriever'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 Schriever and get competitive rates on your home loan.