The Most Recent Louisiana Mortgage Rates for Your Home Loan or Refinance
Louisiana has many amazing reasons to consider buying a home there or doubling down on living there by refinancing your Louisiana mortgage. Some fantastic reasons to live in Louisiana include the phenomenal Louisiana weather which is wonderful all year and makes it a great place to live. Louisiana is also filled with friendly and hard-working folks making it more than just a great place to visit.
If you’re a foodie and especially if you’re into Cajun food you’re guaranteed to enjoy life in Louisiana. Louisiana also has a low cost of living, which makes paying your mortgage more affordable. Louisiana’s low taxes are favorable, especially when compared to other states and this also makes it a great place to retire, especially if you’re looking for a low cost of living.
Now that you know some of the amazing reasons to live in Louisiana, it’s time to see what the state has to offer for a home mortgage. Below, you’ll find some useful content about refinancing a Louisiana mortgage, or buying a Louisiana home. It doesn’t matter whether you’re a new Louisiana homebuyer or are looking to refinance an existing Louisiana mortgage, Aspire Lending is a certified Louisiana mortgage lender with expertise in Louisiana home loans. Our connection to the most up to date Louisiana mortgage interest rates can help you choose when it’s the right time to apply for a mortgage or refinance.
Bookmark and refer to this page often if you are interested in securing a low rate mortgage in Louisiana, as rates are subject to change. Wondering what kind of mortgage to get in Louisiana? Check out our guide below to common Louisiana mortgages and see which you might qualify for. If you’re already a Louisiana homeowner, use this guide to find the most recent Louisiana refinance rates.
TODAY'S LOUISIANA INTEREST RATES: MORTGAGE REFINANCE*View APR disclosure.
Conventional Refinance
Conventional Refinance 15 Year - Fixed
Interest* APR*
Conventional Refinance 20 Year - Fixed
Interest* APR*
Conventional Refinance 30 Year - Fixed
Interest* APR*
Home Equity / Cash Out Refinance
Home Equity / Cash Out 15 Year - Fixed
Interest* APR*
Home Equity / Cash Out 20 Year - Fixed
Interest* APR*
Home Equity / Cash Out 30 Year - Fixed
Interest* APR*
FHA Streamline Refinance
FHA Streamline 15 Year - Fixed
Interest* APR*
FHA Streamline 30 Year - Fixed
Interest* APR*
VA Interest Rate Reduction Refinance Loan (IRRRL)
VA IRRRL 15 Year - Fixed
Interest* APR*
VA IRRRL 30 Year - Fixed
Interest* APR*
USDA Streamline Refinance
USDA Streamline 30 Year - Fixed
Interest* APR*
Jumbo Refinance
Jumbo Refinance 30 Year - Fixed
Interest* APR*
TODAY'S LOUISIANA INTEREST RATES: MORTGAGE PURCHASE *View APR disclosure.
Conventional Purchase
Conventional Purchase 15 Year - Fixed
Interest* APR*
Conventional Purchase 20 Year - Fixed
Interest* APR*
Conventional Purchase 30 Year - Fixed
Interest* APR*
FHA Purchase
FHA 15 Year - Fixed
Interest* APR*
FHA 30 Year - Fixed
Interest* APR*
VA Purchase Loan
VA 15 Year - Fixed
Interest* APR*
VA 30 Year - Fixed
Interest* APR*
USDA Purchase
USDA 30 Year - Fixed
Interest* APR*
Jumbo Purchase
Jumbo Purchase 30 Year - Fixed
Interest* APR*
Louisiana Rate and Term Option Mortgage Refinance
You can refinance your Louisiana mortgage to adjust the interest rate and term, which can be a very simple way to save money. A conventional refinance of your Louisiana mortgage loan offers the flexibility to adjust your mortgage payment amount or reduce the total interest you will pay over the loan term. Aspire offers low rates for your Louisiana home loan refinance online. Come back to this page to check current interest rates and let us know when you are ready to refinance your Louisiana mortgage with a conventional rate and term refinance.
Loan Qualification Guidelines:
Conventional Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 95%
- Maximum Debt to Income: 45%
- Mortgage Insurance: Yes (80% LTV and above)
Louisiana Home Equity Loan Online
Visit Aspire to apply for a Louisiana Home Equity Loan Online. Louisiana home equity loans are a great way for homeowners to convert the equity in their home to cash. You may consider taking out a Louisiana home equity loan to free up extra cash, make home repairs, or finance a large purchase. Aspire Lending has the latest Louisiana mortgage rates including the most recent Louisiana home equity loan rates. Bookmark our website and check back often to see when Louisiana home equity loan rates change so that you can ensure you get the best deal possible.
Loan Qualification Guidelines:
Home Equity Loan
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 45%
- Mortgage Insurance: No
Louisiana Cash Out Refinance
A cash out refinance is useful for homeowners who are looking to refinance their existing Louisiana mortgage and take cash out of their earned home equity. A Louisiana cash out refinance allows you to take advantage of the equity you've built up in your home and pay a lower interest rate. If you are interested in seeing the latest Louisiana mortgage refinance rates check this page often.
Loan Qualification Guidelines:
Cash Out Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 45%
- Mortgage Insurance: No
Louisiana FHA Loan: Streamline Refinance
The streamline refinance loan is a type of Louisiana FHA loan that allows you to lower your FHA interest rate. Lowering your Louisiana FHA loan rate with Aspire is a simple and quick refinance process, and it might be right for you if you believe there is room to reduce your interest rate on your current Louisiana FHA mortgage. FHA loans are backed by the US Federal Housing Administration and they do not require an appraisal. Aspire Lending is a Louisiana FHA-approved lender.
Loan Qualification Guidelines:
Louisiana FHA Streamline Refinance
- Minimum FICO Credit Score: 640
- Maximum Loan to Value: 95%
- Maximum Debt to Income: 50%
- Mortgage Insurance: Yes
Louisiana VA Loans: IRRRL
United States military veterans who live in Louisiana can potentially benefit from an interest rate reduction refinance loan on their current VA mortgage. Check back with Aspire Lending often for the most updated Louisiana VA loan rates.
Loan Qualification Guidelines:
VA IRRRL
- Minimum FICO Credit Score: 660
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: No
Louisiana USDA Loans: Streamline Refinance
A Louisiana USDA Streamline Refinance loan will allow you to refinance your current Louisiana USDA loan to more favorable terms. The USDA does not require an updated appraisal to refinance a Louisiana USDA mortgage to a lower interest rate and payment. Many Louisiana homeowners with USDA rural properties utilize the opportunity to get a streamline refinance to save them money on their mortgage payments and interest. Aspire Lending offers great rates on USDA streamline refinance loans in Louisiana, check this page for the most up to date interest rates.
Loan Qualification Guidelines:
USDA Streamline Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: Yes
Louisiana Jumbo Loan Refinance
Refinancing your Jumbo mortgage to a lower interest rate can save you a lot of money over the life of the loan. “Jumbo” loans are for amounts greater than $647,200, though this number can be changed. Aspire Lending offers some of the lowest interest rates on Louisiana jumbo loans.
Loan Qualification Guidelines:
Jumbo Refinance
- Minimum FICO Credit Score: 700
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 43%
- Mortgage Insurance: No
Louisiana Home Loans: Conventional Home Purchase
Conventional Louisiana home loans offer flexible options for home buyers. A conventional Louisiana home purchase mortgage has a minimum 5% down payment. There is also a conventional first-time home buyers loan program that offers a minimum 3% down payment for Louisiana mortgage applicants buying a primary residence for the first time.
Loan Qualification Guidelines:
Conventional Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 3%-5%
- Maximum Loan to Value: 97%-95%
- Maximum Debt to Income: 45%
- Mortgage Insurance: Yes(for 80% LTV and above)
Louisiana FHA Loans
A Louisiana FHA loan is provided by an FHA-approved lender such as Aspire. Louisiana FHA loans, like all FHA loans, are backed by the US Federal Housing Administration. A Louisiana FHA loan could be the right option for you if you are looking for a mortgage in Louisiana, but also need to put less than 10% down. With a minimum down payment amount of 3.5% of the total home purchase price, FHA loans are a great option for first time Louisiana home buyers. Aspire always has the latest Louisiana FHA loan rates so check back frequently to see when the right time for you to get a Louisiana FHA loan could be. The Louisiana FHA streamline refinance loan allows you to lower your FHA interest rate with a simple and quick refinance process.
Loan Qualification Guidelines:
FHA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 3.5%
- Maximum Loan to Value: 97.5%
- Maximum Debt to Income: 50%
- Mortgage Insurance: Yes
Louisiana VA Loans
Louisiana Veterans Administration loans support our armed forced community by helping them secure a mortgage with beneficial VA loan terms such as a lower interest rate or longer term. To qualify for a Louisiana VA loan, you must be a current or former member of the US armed forces in good status or a qualifying spouse. Aspire Lending is a certified mortgage lender offering Louisiana VA loans to those who have served or are serving in the armed forces. Check Aspire Lending often for the most updated Louisiana VA loan rates.
Loan Qualification Guidelines:
VA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 0%
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: No
Louisiana USDA Loans
Louisiana USDA loans are a type of mortgage for residents of Louisiana who are interested in living in rural and developing locations as identified by the USDA. If that matches your description read on as you may be entitled to seek a Louisiana USDA loan. The USDA Loan Program is federally backed through the United States Department of Agriculture. As you might expect, USDA loans come with some geographical restrictions along with other caps; such as one on income and another limiting purchases to only single-family homes. If you think you meet the qualifications for a Louisiana USDA loan, then reach out to Aspire to speak with one of our Louisiana mortgage specialists. We always have the most recent rates on Louisiana USDA loans so check back frequently.
Loan Qualification Guidelines:
USDA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 0%
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: Yes
Louisiana Jumbo Loans
A Louisiana jumbo loan is for you if you are looking to take out a larger than average loan in the state of Louisiana. These loans are for an amount greater than $647,200 though this number can be changed. Aspire is a certified Louisiana mortgage lender offering Louisiana jumbo loans at the latest rates. Check this page often to see the most recent Louisiana jumbo loan rates.
Loan Qualification Guidelines:
Jumbo Loan
- Minimum FICO Credit Score: 700
- Minimum Down Payment: 20%
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 43%
- Mortgage Insurance: No
