Of all the financial considerations you have to make when buying a home, deciding on a mortgage lender is one of the most critical. Choosing the right lender is about more than picking a company off a list. Instead, it requires a research and serious thought.
Choosing a lender whose offerings and approach work with your individual needs is critical to a successful and enjoyable home buying experience. But finding the right lender poses a challenge to many home buyers.
There are several things you have to take into account when selecting a mortgage lender. How much are there interest rates? Do they provide adequate customer service? What are their approval requirements and do you meet them?
Most of all, are they trustworthy, and what have their past customers said about working with them?
If you are overwhelmed at the idea of researching mortgage lenders, you are not alone. Fortunately, we've done a good deal of research for you, and we've narrowed down a list of the five best mortgage companies in Baton Rouge, Louisiana.
While this list can help get you started on the right track, it's important to work with a local, experienced real estate agent. Clever Partner Agents have extensive knowledge of the home buying process, including obtaining a mortgage, and can help you find the best lender for your specific circumstances.
GMFS Mortgage has been in business since 1999 and has a 4.2-star customer satisfaction rating on Google. They offer a wide range of financing options for home buyers of many types.
Among the loans they offer are no down payment loans, first time home buyer options, rural area incentives, veteran programs, construction and renovation loans, first responder programs, and second home financing. They also offer disaster relief and refinancing options for current homeowners.
Each of their over 50 loan types has specific conditions you must meet to qualify, but there are so many options you'll likely be able to find one that's right for you.
Area Home Lending
Area Home Lending is an established mortgage lender with comprehensive experience in the Baton Rouge home loan market.
They've earned a 4.9-star rating on Google, and nearly every review they receive awards them five stars. Most customers say customer service and expertise are the company's greatest strengths.
Area Home Lending offers borrowers a variety of loans broken into eight major categories: conventional loans, FHA Loans, VA loans, USDA Rural Development loans and RHS loan programs, 100% financing loans, and jumbo loans. Jumbo mortgage loans exist to provide funding for home loans that exceed $453,100.
The company claims to get you the lowest rate possible and provide you a fast quote without requiring your social security number.
Assurance Financial offers a unique approach to the home loan process. They provide a list of functions your loan might serve, such as to buy a home, refinance your home, and purchase an investment property.
Rather than provide a list of loans, their website asks potential borrowers to select the reason they need the loan. From there, buyers follow a guided series of steps to obtain a quote.
Assurance Financial has a 4.9-star rating on Google with most reviewers praising the company for its consultative approach and fantastic customer service, and the expertise their representatives demonstrate.
Summit Funding is a mortgage lender in Baton Rouge that says their focus is on offering more options, more experience, and more flexibility than the average lender.
They have a streamlined site that's easy to navigate, and you can quickly find information about their six main loan options.
Borrowers can choose from conventional, FHA, VA, USDA, jumbo, and reverse mortgages. They offer conventional loans for as low as 3% down with a credit score of 620.
FHA loans are helpful for those with limited funds for a down payment, and you can obtain a loan with a minimum credit score of 580, although a score of 620 is preferred.
Overall, interest rates with Summit Funding range from 3% to 5%, some have no down payment, and credit scores between 620 and 680 are required for most loans. They have impressive customer reviews which have earned them a 5-star review rating on Google.
Reliant Mortgage also has a 5-star average review on Google. Customers compliment Reliant on its customer service, ease-of-use, and expert knowledge.
Their website is easy to navigate and has a single process for obtaining a quote. Answer a few questions and you'll be able to obtain a quote and recommendations for which loan option is best for you.
If you prefer to study a list of options, their Loan Options page has all the information you need. They offer several ways to communicate with them, which helps borrowers obtain the guidance they need in how best suits their lifestyle and preferences. You can even communicate with them via Facebook Messenger.
Selecting a mortgage lender in Louisiana doesn't have to be a stressful process. With expert guidance, you can obtain the loan you need from a lender that understands your unique situation.
Local, experienced real estate agents interact with borrowers and lenders regularly. Clever Partner Agents can support you through the mortgage and home buying process and work with you to find a home that's perfect for you and meets your mortgage requirements.
Fill out our online form and will introduce you to a full-service Baton Rouge partner agent for a no-obligation consultation.