Monroe Mortgage

If you have been searching for a mortgage loan that suits your needs, look no further than Ouachita Valley FCU! Our Monroe mortgages are personalized to fit your needs and offered at competitive rates to make them more affordable for you!

We make home buying easy

Ouachita Valley Federal Credit Union is the financial institution you need for a mortgage in Monroe, LA. We offer a variety of different mortgage options so that you can find the loan that works best for your specific situation. View all of our options below:

• Conventional Mortgage

• FHA Mortgage

• USDA Rural Development

• VA Mortgage

• Construction

• Homestyle Renovation

• Home Equity Loan

• Home Equity Line of Credit

• Lot/Land Loans

• Mobile Home Financing

Conventional Mortgage Loans

Among our many Monroe mortgage loan offerings are our conventional mortgages. These mortgages are ideal for homebuyers looking for minimum down payments between 3-5%. Our conventional mortgage loans can be obtained without guarantees from the federal government and can be at a 20% down payment to avoid private mortgage insurance (PMI).

FHA Mortgage Loans

Another one of our Monroe mortgage loan offerings is our FHA loans. These loans are insured by the Federal Housing Administration and offer minimum down payments of 3.5%. They require “upfront mortgage insurance” that can be financed in the loan and offer fixed terms of 15 or 30 years.

USDA Rural Development Loans

Our USDA rural development mortgage loans are perfect for those of you looking to purchase a home in a rural area. These loans were established by the USDA to service low to moderate-income households. At Ouachita Valley FCU, we offer 100% financing based on appraised value for these loans and have no required down payment.

VA Mortgage Loans

If you are a veteran, active-duty service member, or eligible surviving spouse, Ouachita Valley FCU offers VA mortgage loans. Our VA loans provide excellent benefits, such as no down payment, competitive rates, and reduced closing costs. We offer 100% financing and much more with our VA mortgage loans.

Construction Loans

A critical offering of our Monroe mortgage loans is our construction loans. Construction loans are perfect for those of you wanting to build new construction. These kinds of loans are eligible for primary or second homes and allow you to only pay interest on the loan during construction. For our construction loans, we can give you a loan amount of up to $510,400.

Homestyle renovation loans

When you are looking to make some major renovations or repairs on your home, financing can be tough to come up with. At Ouachita Valley FCU, we offer homestyle renovation loans at 3% minimum down payments for your primary residence and a 10% minimum down payment for a second home.

Home Equity & Refinance Loans

Your home is more than just a place to live-it’s also a valuable asset. If you are looking to leverage the equity in your home or explore refinancing options, Ouachita Valley FCU is here to help! With our home equity & refinance loans, you can tap into the equity you have built and take advantage of our competitive rates and flexible terms to achieve your financial goals!

Home Equity Line of Credit

If you are a homeowner, you are eligible to utilize the equity in your home. Our HELOC loans give you the flexibility to access funds as needed, making these types of loans ideal for ongoing expenses, home renovations, educational expenses, and much more. You have control over how much you borrow and when you borrow it, allowing you to manage your finances accordingly.

Lot/Land Loans

Looking to obtain a piece of land or lot? Ouachita Valley FCU offers lot/land loans with our Monroe mortgage loan offerings. These loans are for residential properties only and have terms ranging from 1-15 years. We offer financing up to 85% of sales or up to 85% of the appraised value.

Mobile Home Financing

Our final Monroe mortgage loan offering is our mobile home financing loans. If you are looking to finance the land where the mobile home is, we offer loans up to $150,000. If you are looking to finance just the mobile home, we offer loans up to $60,000.

Visit Our Monroe Mortgage Office

Thank you for considering Ouachita Valley FCU for your next Monroe mortgage loan. We are proud to have been serving Northeast Louisiana since 1955 and providing our members with competitive rates and services. Our number one priority is our members!