Mortgages & Home Loans in Northeast Louisiana

Ouachita Valley Federal Credit Union

We make home buying easy

At Ouachita Valley Federal Credit Union, we understand that finding the right mortgage loan is crucial when it comes to securing your dream home or managing your financial situation. That's why we offer a wide range of mortgage options to cater to your specific needs. Whether you're a first-time homebuyer, a veteran, or looking to renovate your existing home, we have a mortgage solution for you.

View our rates and get started today!

Different Types of Home Loans

Conventional Mortgage Loans

Our Conventional Mortgage option is designed for borrowers with strong credit and financial stability. Conventional mortgages are often the go-to choice for those who meet the necessary credit and income requirements. With competitive interest rates and flexible terms, this mortgage offers you the traditional path to homeownership with predictable monthly payments.

Conventional mortgages typically require a down payment of at least 3% of the home's purchase price, making it an attractive option for buyers who have saved for a down payment. Additionally, private mortgage insurance (PMI) may be required for borrowers who put down less than 20%, but it can be canceled once you've built enough equity in your home.

One of the key benefits of a Conventional Mortgage is its versatility. Whether you're buying your first home, upgrading to a larger property, or refinancing your existing mortgage, a conventional loan can fit your home loan needs.

FHA Mortgage

For those with limited down payment funds or lower credit scores, an FHA Mortgage may be the ideal choice. Backed by the Federal Housing Administration, this mortgage option allows you to purchase a home with a lower down payment and more lenient credit requirements, which makes FHA Mortgages a popular home loan choice among first-time home buyers.

USDA Rural Development

If you're looking to buy a home in a rural area, our USDA Rural Development loan can help. This program offers financing with no down payment required, making homeownership in rural communities more accessible.

VA Mortgage

VA Mortgage Loans are backed by the Department of Veterans Affairs and provide attractive benefits such as low or no down payment requirements and competitive interest rates, making this an attractive home loan option for veterans and active service members.

Construction Loans

Planning to build your dream home from the ground up? Our Construction Loans offer the funds you need to finance the construction process. Once your home is complete, you can seamlessly transition to a conventional mortgage.

Home Renovation Loans

Transform your existing home into your dream space with our Homestyle Renovation loan. This mortgage option allows you to finance both the purchase or refinance of your home and the cost of renovations, all in one loan.

Home Equity Loans

Tap into the equity you've built in your home with a Home Equity Loan. This option is ideal for funding major expenses like home improvements, education, or debt consolidation, with the added benefit of potential tax advantages.

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) provides you with a revolving line of credit based on your home's equity. It's a flexible financial tool that you can use for various purposes, whether it's home improvements, emergencies, or other financial needs.

Lot Loans & Land Loans

If you're considering purchasing land for future development or investment, our Lot/Land Loans can provide you with the necessary financing. These loans are tailored to the unique needs of acquiring vacant land.

Mobile Home Financing

For those looking to purchase a mobile or manufactured home, our Mobile Home Financing options offer competitive rates and terms, making it easier to achieve homeownership in your preferred location.

At Ouachita Valley Federal Credit Union, we are committed to helping you find the right mortgage solution to meet your specific goals and financial situation. Contact our experienced mortgage professionals today to discuss your options and take the first step toward securing your future home. Your dream home is within reach, and we're here to make it happen.

Apply for a Mortgage with Ouachita Valley FCU Today!

Visit a Ouachita Valley FCU Branch