The Best Mortgage Lenders in Shreveport, LA
Compare verified mortgage lenders serving Shreveport, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shreveport
Featured Mortgage Lenders
Red River Bank
Red River Bank
Red River Bank is a top-rated community bank with a strong local presence in Shreveport, known for its personalized mortgage services and competitive rates. Founded in 1999, it has built a reputation for exceptional customer satisfaction, local decision-making, and a wide range of loan options. With deep roots in Louisiana, the bank offers reliable, efficient processing and is highly regarded for its commitment to the community and transparent lending practices.
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Gateway Mortgage Group
Gateway First Bank
Gateway Mortgage Group, operating under Gateway First Bank, is a highly reputable lender serving the Shreveport-Bossier area with a local office for convenient access. Established in 2000, it excels in providing competitive mortgage rates, efficient loan processing, and a diverse portfolio of loan products. Customers praise its knowledgeable staff, responsive service, and ability to handle complex financing needs, making it a trusted choice for homebuyers in the region.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized lender with a
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Frequently Asked Questions
Common questions about mortgage lending in Shreveport, LA
Are there any first-time homebuyer programs specific to Shreveport that can help with down payment or closing costs?
Yes, the Louisiana Housing Corporation offers the Market Rate GNMA program, which provides down payment assistance to eligible first-time homebuyers in Shreveport. Additionally, the City of Shreveport occasionally offers local grant programs for homebuyers in targeted neighborhoods. These programs can significantly reduce upfront costs when purchasing a home in the area.
How do Shreveport's property taxes affect my mortgage payments compared to other Louisiana cities?
Shreveport has relatively moderate property tax rates compared to other Louisiana metropolitan areas, with Caddo Parish rates typically around 0.8-1.2% of assessed value. However, your mortgage lender will include these taxes in your monthly escrow payment, so it's important to factor in this additional cost when calculating your total housing payment in Shreveport.
What types of mortgage loans are most common for Shreveport's older housing inventory?
Given Shreveport's many historic homes and older properties, FHA 203(k) renovation loans are particularly valuable as they allow buyers to finance both purchase and renovation costs. Conventional loans also work well for updated older homes, but specialized renovation loans are often necessary for properties in neighborhoods like Highland or South Highlands that may need updates.
How does the local job market in Shreveport impact mortgage qualification and lending requirements?
Lenders in Shreveport are familiar with the area's major employers like Barksdale Air Force Base, Willis-Knighton Health System, and the gaming industry, which provides stable employment verification. However, self-employed borrowers in Shreveport's growing small business sector may need additional documentation since local lenders are accustomed to traditional employment patterns in the region.
Are there special mortgage considerations for buying property in Shreveport's flood-prone areas?
Absolutely. Many areas of Shreveport, particularly near the Red River and Cross Bayou, require flood insurance, which will be mandatory for your mortgage. Lenders will order a flood certification, and if your property is in a Special Flood Hazard Area, you'll need to factor in flood insurance premiums, which typically cost $500-$1,500 annually in Shreveport depending on risk level.
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Why Choose a Mortgage Lender in Shreveport?
Local Market Knowledge
Lenders who understand Shreveport'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 Shreveport and get competitive rates on your home loan.