How to Get a Home Loan in NOLA

Are you considering buying a home in New Orleans? Find out how you can avail of a home loan.

There are numerous kinds of loans along with different mortgage programs which are provided by banks in New Orleans, mortgage brokers, financing firms and credit unions. Before you even get an application form, it is important to get all the information you need about mortgages such as from websites, lenders, financial planners, brokers, consumer forums and publications. It is vital to find out how your payments can fit into your budget. On top of monthly payments are insurance premiums, taxes, administrative fees, and association dues.

Home Loan Options

You have two alternatives in applying for a home loan. One is by getting in touch directly with financing companies and the other is through mortgage brokers. Direct lenders are the sources of funds and can decide on your application while brokers serve as go-between between you and the credit facility. Loan agents are adept in shopping for creditors even under the most difficult circumstance. These brokers are paid a small commission for every loan that they can facilitate. When you apply for a home loan, it is necessary to determine terms and conditions; broker’s fees; points which are equivalent to the amount of money you borrow; credit report and application fees; pre-payment penalties; and, appraisal.

Home Loan Application

The application process for home mortgage loans entails collation of all supporting documents. You will be asked by the potential lender information about your employment, income, assets and liabilities. Assets consist of real estate, vehicles, investments and bank accounts while liabilities include car loans, credit card debt, mortgages and household expenditures. Providers of New Orleans home loans conduct background checks to find out about your credit standing. In certain cases, borrowers with credit report issues are asked to present additional requirements such as bank statements, proof of insurance, income tax returns, rental contracts, reports on investment earnings, and, paychecks.

The following are banks and creditors based in New Orleans:

Langeman & Associates
(504) 525-4663
1310 N Rampart St, New Orleans, LA 70116
Mortgage, Loan Broker, Mortgage Broker

Fidelity Homestead Savings Bank
(504) 523-3278
New Orleans, LA 70112
Mortgage, Personal Loans

Berger Investment Co
(504) 581-9077
365 Canal St Ste 1480, New Orleans, LA 70130
Mortgage, Buyers, Jewelers

Certain Approval.Com
(504) 333-7777
New Orleans, LA 70112

Dazet Mortgage Solutions LLC
(504) 333-6955
New Orleans, LA 70112

Eustis Commercial Mortgage Corporation
(504) 620-0626
1010 Common St Ste 2400, New Orleans, LA 70112

First NBC Bank
(504) 566-8000
210 Baronne St, New Orleans, LA 70112
Banks, Mortgage, Personal Loans

Gulf Coast Bank & Trust Company
(504) 581-4561
200 Saint Charles Ave, New Orleans, LA 70130
Banks, Mortgage, Personal Loans

Standard Mortgage Corporation
(504) 569-3900
1 Shell Sq, New Orleans, LA 70112
Personal Loans, Financial Planning, Mortgage

Bayou Equity Mortgage
(504) 875-4018
2511 Bayou Rd, New Orleans, LA 70119

General Pay Plan Inc
(504) 524-0158
337 Baronne St Ste 102, New Orleans, LA 70112

Hibernia Homestead Bank
(504) 522-3203
325 Carondelet St, New Orleans, LA 70130
Banks, Mortgage, Personal Loans, Real Estate Appraisal, Savings & Loans, Savings & Loan Associations

(800) 734-4667
301 Saint Charles Ave Ste 100, New Orleans, LA 70130
Banks, Mortgage, Personal Loans, Certified, Equal Housing Lender, FDIC, Insured, Savings & Loan Associations

Union Savings & Loan Assn
(504) 522-5581
353 Carondelet St, New Orleans, LA 70130
Banks, Mortgage, Personal Loans, Real Estate Appraisal, Savings & Loans

Urban Housing Mortgage
(504) 368-1054
New Orleans, LA 70112

Wells Fargo Mrtg Inc
(504) 365-3801
New Orleans, LA 70112