Lafayette Mortgage Broker
Find a Lafayette, Louisiana (LA) mortgage broker. We have access to several Lafayette mortgage lenders who are competing for your business. Let us do the shopping for you.
Lafayette, Louisiana is home to more than 110,000 residents. Lafayette is just 60 miles outside of Baton Rouge and is within a reasonable driving distance of New Orleans. Residents enjoy the beautiful nature and scenery that surrounds them year-round. The housing market is been relatively steady along with the population. The median house value is $103,700.
Louisiana Loan Facts
- Community Property State - Since Louisiana is a community property state, you must include the liabilities of both the husband and the wife when calculating debt-to-income ratios for a Louisiana mortgage. You can still do a loan in one name, however, you must include the liabilities of both the husband and the wife.
- High Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. Louisiana is classified as a high closing cost state due to higher priced title fees. If you are moving to Louisiana from another state, be aware of these costs.