Home Loans In New Orleans, Louisiana

Without a doubt, one of the most remarkable towns in the New World, New Orleans is recognized for its distinctive French architecture, food, music, ethnic events, and the city’s Mardi Gras festival.

New Orleans is a truly fascinating city. And if you’re considering relocating to New Orleans, purchasing a home may be a wiser option than renting, given the city’s low-interest rates on home loans.

Capital Home Mortgage may be able to assist you with your home financing requirements. We offer a diverse assortment of New Orleans home loans to match the demands of a variety of borrowers.

Tips for A Simpler Home-Buying Process

Applying and getting approved for a home loan can be complicated, mainly if this is your first time. You may want to look at our top tips to help you expedite the process and increase your chances of success.

     1. Organize Your Finances

Purchasing a home is a significant financial commitment, and you must ensure that your finances can withstand the impact without jeopardizing your existing obligations.

One thing you’ll want to keep an eye on is your credit report. Lenders prefer applicants with a good credit score. The higher your credit score, the more likely you will be approved for a loan with favorable terms.

     2. Research Your Loan Options

Home loans are not created equal. The eligibility requirements for each type of home loan can vary significantly, so it is critical to understand your options and choose the one that best meets your home buying needs. 

For instance, Jumbo home loans are designed to finance high-value properties. In contrast, VA home loans are available to United States veterans (active and retired) at zero down payment and desirable terms.

     3. Prepare Required Paperwork For Pre-Approval

While pre-approval does not guarantee loan approval, it is an essential step in the process. Numerous home sellers will reject offers from prospective buyers who have not been pre-approved for a mortgage. Typical documents to prepare for pre-approval include the following:

• Pay stubs from the last 30 days;
• W2s, 1099s, and other tax documents from the previous two years
• Bank statements for the previous two months
• Documents of identification such as driver’s license or passport.

     4. Keep An Eye Out For Additional Costs

Purchasing a home involves additional costs that may or may not be covered by the loan amount. This includes home inspection fees, property taxes, deed title insurance, and homeowner association dues.

While there are instances where the seller may help offset some of these costs through seller concessions, it is critical to plan for them and include them in the home buying budget.

New Orleans, Louisiana Mortgage Lender

At Capital Home Mortgage, we strive to make the home buying process convenient and straightforward. As a direct mortgage lender in New Orleans, we manage the entire mortgage process from application to funding. This enables us to offer our clients competitive interest rates, faster approvals, and lower fees.

Whether this is your first home loan or your tenth, you can count on Capital Home Mortgage to provide exceptional customer service.

Apply For A Home Loan In New Orleans

Capital Home Mortgage has helped countless home buyers find a home loan that suits their needs and financial situation. We can do the same for you too! All it takes is one phone call.

Speak with one of our home loan specialists to learn more about our mortgage products and home loan requirements. Call (270) 225-4771 today!