Information on Louisiana Mortgage business, Louisiana Mortgage rate and Louisiana Mortgage lenders are as follows:

Louisiana Mortgage Rate

The mortgage rate in Louisiana differs depending upon various mortgage types, which are as follows:

Conforming Fixed	Rate
10 Year Fixed	5.50%
15 Year Fixed	5.63%
20 Year Fixed	5.75%
30 Year Fixed	5.88%
Adjustable
1/1 Adjustable	6.00%
3/1 Adjustable	5.75%
5/1 Adjustable	5.88%
7/1 Adjustable	6.13%
10/1 Adjustable	6.25%

Louisiana mortgage types

The different types of mortgages available in the state are:

Adjustable rate mortgages - adjustable rate mortgage are loans where interest rates vary during the term of the loan.

Fixed rate mortgages - the most common loan program where monthly payments and interest payments remain fixed during the lifetime of the loan.
Interest only mortgages - a mortgage is interest only if the monthly payment doesn't have the principal component for a certain period.
Balloon mortgages - in these types of mortgages the rate is fixed for a set period of time initially. The remaining principal balance becomes due at the end of the term.
Jumbo loans
Different government funded loans (VA and FHA)

The mortgage rates in the state differ widely based on the rates and the time period of the mortgage.
Louisiana Mortgage Lender

Some of the mortgage lenders of Louisiana are as follows:

Anchor Mortgage of Baton Rouge
Louisiana Residential Mortgage Inc
Palm Mortgage Group
Reed and Associaties Mortgage Corporation
CFIC Home Mortgage
McLellan Financial Mortgage Company
Premier Mortgage Funding, Inc.
Walker Mortgage Group
Security National Mortgage
Allied Home Mortgage Capital Corporation
IPI Skyscraper Mortgage
Lawhorn & Associates Mortgage Company
U.S. Mortgage Group, Inc.
Worry Free Mortgage Loans
Quintet Mortgage LLC
Mortgage PIG

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