New Orleans Mortgage Broker
Find a New Orleans, Louisiana (LA) mortgage broker. We have access to several New Orleans mortgage lenders who are competing for your business. Let us do the shopping for you.
New Orleans, Louisiana has a population of 484,674. New Orleans is world famous for its Mardi Gras celebration in the French Quarter. The city draws in many students to great schools such as Tulane. The housing market has been steady in recent years. The median house value is $87,300.
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.