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Mortgage Loans in Lafayette, LA

Get a low rate mortgage in Lafayette,LA without the hassle

Looking for a Mortgage Broker in Lafayette LA? 

Finding the best mortgage lender in Lafayette can feel overwhelming. With so many companies to choose from, how can you know which one is right for you?  We’re committed to helping you answer all of your Lafayette home buying questions. 

If you are looking for a mortgage company that will:

  • Help you understand the process
  • Answer all of your questions
  • Offer a completely transparent process 
  • Find a loan that fits your budget 
  • Is committed to being available when you need us
  • Knowns the area 

You’ve come to the right place! Our passion is to educate homebuyers on all of the in’s and outs on finding the best home loan for them.  We are interested in pressuring you into a loan you don’t want with a payment you can’t afford. 

We’re a Mortgage Broker in Lafayette, LA 

As a mortgage broker in Lafayette, LA we can give you options and opportunities you won’t get anywhere else. Mortgage brokers can: 

  • Shop hundreds of lenders for you 
  • Find the lowest rate
  • Charge no lender fees
  • Have no overlays or additional rules 
  • Help people who have less than perfect credit 
  • Offer virtually any loan program available 
  • Provide the best local service available

We’d love the opportunity to provide you with a second opinion on your interest rate, or what another lender says is possible.  We DON’T need to pull your credit to give you an interest rate or fee quote.  Let us shop for you! 

Lafayette, LA Loan Programs

We offer all of the loan programs you’d expect from a local mortgage lender. 

  • First-Time Homebuyer Loans: We have a variety of options for first-time homebuyers including $0 down payment loans, low-interest rates, less than perfect credit, and much more. 
  • Conventional Loans: We offer Fannie Mae and Freddie Mac Conventional Loans. Typically you’ll need at least a 620 credit score to qualify and a 3% to 5% down payment. 
  • FHA Loans: FHA loans are perfect for those looking for a more flexible loan program, with lower down payments and easier credit guidelines. FHA requires a credit score of 580 and a down payment of 3.5%.  It allows past credit issues. 
  • USDA Rural Development Loans: The USDA Rural Development Loan is great for  homebuyers looking to buy a house with $0 down. The USDA loan will allow you to purchase a house in Youngsville, Broussard, Opelousas, Carencro, Scott, Maurice, Duson, Breaux Bridge, and many other areas outside of Lafayette,LA.  Rural Development will typically require a credit score of 640 but we can work with buyers who have credit scores as low as 580 (with additional requirements) 
  • VA Loans: The VA loan is our favorite loan to do. This loan program is designed to help Lafayette area veterans and active-duty military members purchase a home with $0 down payment.  We can work with veterans with credit scores as low as 500! 
  • Construction, Non-QM, Renovation Loans: We also offer other loan programs like renovation loans, bank statement loans, and One Time Close construction loans. 

If you are looking to work with a lender who can offer you the most options, we’d love to help you. 

First-Time Homebuyers in Lafayette, LA 

Are you a first-time homebuyer looking for what your options are? Buying your first home can feel as overwhelming as it is exciting. At Bayou Mortgage, we specialize in helping first-time homebuyers just like you. 

As a first-time homebuyer you likely have many questions: 

All of these questions are valid and we’d love to answer them for you. We’ve linked some articles to each one that we have written, but if you’d prefer to save time and speak with an expert we are here to help!

How to Get a Mortgage in Lafayette, LA

The best way to get approved for a mortgage is to work with a lender who can help you (like us). If you’ve found a house you’d like to buy or you want to start looking at houses, it’s a good idea to get pre-approved. 

Steps for Pre-Approval:

  1. Talk to a Loan Officer
  2. Complete Mortgage Application 
  3. Upload Documents 
  4. Review Closing Costs and Payment 
  5. Get Pre-Approved
  6. Select a Realtor
  7. Start Shopping for a House

If you’d like help with this process you can see what you qualify for here, and one of our loan experts will be in touch with you ASAP.

Top Areas to Live in Lafayette, LA 

Still, trying to decide where to live in Lafayette? Here are a few of the top areas you may be interested in: 

  • Downtown Lafayette: If you are looking to live somewhere where you can walk to amenities, enjoy the nightlife and local eateries downtown is your place!
  • Historic Charm: Neighborhoods like the Saints Streets and Bendel Gardens offer bother historic charm and affordability. 
  • Traditional Neighborhoods: Other neighborhoods like River Ranch, Couret Farms, and Sugar Mill Pond offer that traditional get-to-know-your-neighbors feel.  These areas have tons of built-in amenities.

Lafayette, LA Suburbs

If you are looking to move away from the hustle and bustle of city life, Lafayette has plenty of  suburban and rural areas to live in.  Some of the suburbs in Lafayette include: 

  1. Youngsville
  2. Broussard 
  3. Milton
  4. Maurice 
  5. Scott
  6. Henderson
  7. Breaux Bridge
  8. Arnaudville 
  9. Sunset
  10. Duson

Each of these areas will provide you with ample opportunities to find a house close to amenities and schools. 

If you are ready to start your home-buying journey in Lafayette, LA we are here for you! Get the process started by seeing what you can qualify for today. 

Lafayette,LA Mortgage Programs

If you’re shopping for mortgage companies in Baton Rouge, chances are you want to learn about which loan program is right for you. 

Check out each loan program below to see what your options are. 

Lafayette Conventional Loans

An adjustable rate mortgage is a home loan with an inital rate that’s fixed for a specified period then adjusts. 

FHA Mortgage

A FHA mortgage is a home loan insurance by the Federal Housing Administration. FHA Loans offer low down payment and flexible credit requirements

VA Mortgage

VA Mortgage are backed by the Department of Veterans Affairs and are available to military members and veterans. 

USDA Mortgage

USDA Rural Development Mortgage is a home loan back by the United States Department of Agriculture and offers loans with no down payment requirement. 

We ❤️ Our Clients

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Home Buyer Quiz

Which Loan is Right For You?

Take our quick 6 question home buyer quiz to find out.

Our free home buyer quiz will help you discover how much you’ll money you’ll need to put down, what you credit score needs to be, and what your price range should look like. 

Bayou Mortgage is a Mortgage Broker NMLS # 1845349 Equal Housing Lender

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Lafayette, LA 70501

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