Own A Home In 30 Days 👇
Answer a few questions to see if you can own for what you pay in rent!
Loan Programs and Requirements 💸
Conventional Loans
Down payment: Generally, a down payment of at least 3% to 5% of the home’s purchase price is required.
Credit score: Typically, a minimum credit score of 620 or higher is preferred by most lenders. If you are under a 720, FHA is probably a better deal.
FHA Mortgage
Down payment: As little as 3.5% down paymentv requirement.
Credit score: Minimum credit score requirements can vary but typically starts at around 580. We can finance scores as low as 500 with 10% down.
VA Mortgage
Down payment: No down payment is required for eligible veterans, active-duty service members, and surviving spouses.
Credit score: While the VA does not set a minimum credit score requirement, most lenders require at least a 500.
USDA Mortgage
Down payment: No down payment is required for eligible properties located in designated rural areas.
Credit score: We can help clients with scores as low as 600, but most lenders require a 640 or higher
Our Clients ❤️️ Us... And You Will Too!
We're In The Business of Changing Stories
Meet Your Loan Experts
Channing
Moore
Bayou Mortgage is a Mortgage Broker NMLS # 1845349 Equal Housing Lender
Learn
- Learning Hub
- First Time Home Buyer
- What Credit Score Is Needed To Buy a Home?
- What Down Payment Is Needed to Buy a Home?
- Refinance
Contact Us
- (337) 252-2441
- [email protected]
- Contact US