SSL Secured
Privacy Protected
Licensed & Regulated
MortgageLenderNearMe
Spearsville, LA

The Best Mortgage Lenders in Spearsville, LA

Compare verified mortgage lenders serving Spearsville, Louisiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
672+
Reviews
9
Loan Types

Available Loan Programs in Spearsville

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Home Equity
Lot Loans

Featured Mortgage Lenders

1

Mortgage Solutions of Louisiana

Mortgage Solutions of Louisiana

★★★★☆
4.8/5

Mortgage Solutions of Louisiana is a highly-rated local mortgage broker serving Union Parish and surrounding areas including Spearsville. With nearly two decades of experience, they specialize in rural property financing and USDA loans which are particularly relevant for Spearsville residents. Their team has deep knowledge of local property markets and offers personalized service with competitive rates. They consistently receive excellent reviews for their responsive communication and expertise in navigating complex rural property transactions.

Experience:18 years
Reviews:127 customer reviews
1400 North 7th Street, West Monroe, LA 71291

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
Visit Website
2

Pelican State Credit Union

Pelican State Credit Union

★★★★☆
4.7/5

As one of Louisiana's largest credit unions, Pelican State CU has a strong presence throughout rural Louisiana including Union Parish. They offer competitive mortgage rates to members and have specific expertise in financing properties in smaller communities like Spearsville. Their mortgage team provides personalized service with local decision-making authority. Members praise their straightforward process and commitment to community lending, making them an excellent choice for Spearsville homebuyers seeking traditional lending with a cooperative approach.

Experience:68 years
Reviews:389 customer reviews
2675 Millerville Road, Baton Rouge, LA 70816

Loan Types:

ConventionalFHAVAUSDAConstructionRefinanceHome Equity
Visit Website
3

Origin Bank

Origin Bank

★★★★☆
4.6/5

Origin Bank has deep roots in Union Parish with a physical branch in Farmerville, just 15 miles from Spearsville, making them one of the most locally accessible lenders for Spearsville residents. As a community-focused bank with over a century of service, they understand the unique needs of rural homebuyers and offer specialized loan programs for country properties. Their mortgage team provides in-person service and local underwriting, which speeds up the approval process. Customers consistently rate them highly for their knowledgeable staff and commitment to the local community.

Experience:120 years
Reviews:156 customer reviews
101 St. John Street, Farmerville, LA 71241

Loan Types:

ConventionalFHAVAUSDAConstructionLot LoansRefinance
Visit Website

Frequently Asked Questions

Common questions about mortgage lending in Spearsville, LA

What are the current mortgage interest rates like in Spearsville, LA?

Mortgage rates in Spearsville typically align with national averages but can vary slightly based on local lender competition. Currently, rates for 30-year fixed mortgages range from 6.5% to 7.25% depending on credit score and loan type. It's best to check with local credit unions like Origin Bank or regional banks for the most competitive rates in Union Parish.

Are there any first-time homebuyer programs specifically available in Spearsville?

Yes, Spearsville residents can access the Louisiana Housing Corporation's Market Rate GNMA Program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development loan program is particularly relevant for Spearsville homebuyers since the entire parish qualifies as rural, offering 100% financing with no down payment required.

How does Spearsville's rural location affect mortgage lending options?

Spearsville's rural designation opens up valuable USDA loan opportunities that aren't available in urban areas. Many lenders also consider the area's stable but limited housing market when underwriting loans, which can mean more conservative appraisal approaches. The smaller pool of local lenders may require working with institutions in nearby Ruston or Monroe for more options.

What should I know about property taxes and insurance when getting a mortgage in Spearsville?

Union Parish has relatively low property tax rates compared to national averages, typically around 0.35% of assessed value. However, homeowners insurance can be higher than state averages due to Spearsville's rural location and distance from fire services. Your mortgage lender will factor both into your monthly payment calculations and debt-to-income ratio.

Are there any local down payment assistance programs for Spearsville homebuyers?

While Spearsville itself doesn't offer municipal programs, Union Parish residents can access the Louisiana Housing Corporation's Soft Second program, which provides up to $12,000 in down payment assistance. Local lenders may also offer special programs through the Federal Home Loan Bank of Dallas, which serves this region with down payment and closing cost assistance grants.

Nearby Cities

Explore mortgage lenders in cities near Spearsville, LA

Why Choose a Mortgage Lender in Spearsville?

Local Market Knowledge

Lenders who understand Spearsville'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 Spearsville and get competitive rates on your home loan.