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| 100% Financing Loans |
| Conventional Loans |
| Lafayette Bond Program |
| Reverse Mortgages |
| FHA Loans |
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100% Financing Loans
Ideal for first-time home buyers, these no down-payment mortgages can help reduce costs associated with obtaining a home loan. No down-payment loans are currently available to Veterans. Also non-veterans interested in purchasing homes outside the city of Lafayette may qualify for 100% financing.
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Conventional Loans
We offer conforming loans, including conforming long-term, low fixed-rate and adjustable-rate loans that meet Fannie Mae loan limits, property and borrower guidelines.
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Lafayette Bond Program
For homebuyers interested in purchasing a home within the Parish of Lafayette, we are currently able to offer 4% down payment assistance grant through the Lafayette Bond Program while funds last. The Borrower's must qualify by meeting income and credit requirements.
Term: 30 years
Maximum Amount: $289,704
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Reverse Mortgages
A Reverse Mortgage is a financial tool that allows qualified senior homeowners age 62+ to convert a portion of their home equity into a stable source of cash flow to supplement retirement income, pay off existing debts. It may also be used as a means to purchase a home. Whatever the purpose, monthly mortgage payments are not required.
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FHA Loans
Federal Housing Administration (FHA) loans offer the benefit of less money out of pocket and easy credit qualifying. Your down payment can be as low as 3.5% of the purchase price, and much of your closing costs and fees can be included in the loan or paid by the seller.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $322,700 with closing costs of $6,454. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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