Louisiana Mortgage Information

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Current Mortgage Rates
Type of Loan	Rate*        APR*
5 Year ARM	5.821% 5.033%
15 Year Fixed	5.243% 5.288%
30 Year Fixed	5.729% 5.717%
Home Equity Loan	7.420% 5.740%
HELOC	6.305% 6.990%
*Rates & APRs are based on Rate Observer .

Need a home equity loan in Louisiana?  Frequently used Louisiana Home equity loans are: Louisiana 125 Cash Out Home Equity Loans, Louisiana Cash Out Home Equity Loans, Louisiana Refinance Loans, Louisiana Bad Credit Home Equity Loans, Louisiana Home Equity Lines of Credit (HELOC), and Louisiana Second Mortgages.  Maybe we can help you if you are just looking for more information about Louisiana Home Equity Loans.

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Not sure what kind of Louisiana home equity loan you are looking for?  Then start by looking at Credit Unions, Banks, Mortgage Brokers, or Savings and Loans that lend in Louisiana.

Some quick facts on Louisiana owner occupied homes with a mortgage¹ :

• The median home price in Louisiana is $109,793.
• 85.4% of Louisiana home owners have only a single mortgage.
• Only 0.6% of home owners in Louisiana have both a second mortgage and a home equity loan.
• While the median income for all of Louisiana is $42,886, the median income for owner occupied Louisiana homes with a mortgage is $56,788.
• The median monthly Louisiana housing cost is $902.
• Louisiana Median Annual real estate taxes are $181.
• While the national average Expedian Credit score is 678, the average for Louisiana is 665.
• Non-business bankruptcies in Louisiana have gone from 22,516 in 2000 to 29,201 in 2004.

The state regulator for Louisiana mortgages is John D. Travis

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 STATE OF LOUISIANA
 Office of the Financial Institutions
 Post Office Box 94095
 Baton Rouge, Louisiana 70804-9095

Phone: (225) 925-4660
Fax: (225) 925-4524

Website: http://www.ofi.state.la.us

 The “Residential Mortgage Lending Act,” (Act 1098 of the 1999 legislative session) became effective July 9, 1999. Act 1098 governs residential mortgage lending activities of Louisiana originators, Louisiana brokers and Louisiana lenders. It applies to extensions of credit to consumers, which are secured by first or subordinate liens on residential immovable property, including immobilized mobile homes, located in Louisiana. The Act addresses licensure and exempt registration requirements, disclosures, fees and charges, prelicensure testing, and continuing education requirements. Loans secured by residential real estate which are precomputed remain subject to the Louisiana Consumer Credit Law (LSA—R.S. 9:3510 et seq.)² .

Louisiana Counties:

Acadia Parish, Allen Parish,Ascension Parish, Assumption Parish, Avoyelles Parish, Beaurgard Parish, Bienville Parish, Bossier Parish, Caddo Parish, Calcasieu Parish, Caldwell Parish, Cameron Parish, Catahoula Parish, Clairborne Parish, Concordia Parish, DeSoto Parish, East Baton Rouge Parish, East Carroll Parish, East Feliciana Parish, Evangeline Parish, Franklin Parish, Grant Parish, Iberia Parish, Iberville Parish, Jackson Parish, Jefferson Parish, Jefferson Davis Parish, Lafayette Parish, Lafourche Parish, La Salle Parish, Lincoln Parish, Livingstone Parish, Madison Parish, Morehouse Parish, Natchitoches Parish, Orleans Parish, Quachita Parish, Plaquemines Parish, Pointe Coupee Parish, Rapides Parish, Red River Parish, Richland Parish, Sabine Parish, St. Bernard Parish, St. Charles Parish, St. Helena Parish, St. James Parish, St. John the Baptist Parish, St. Landry Parish, St. Martin Parish, St. Mary Parish, St. Tammany Parish, Tangipahoa Parish, Tensas Parish, Terrebonne Parish, Union Parish, Vermilion Parish, Vernon Parish, Washington Parish, Webster Parish, West Baton Rogue Parish, West Carroll Parish, West Feliciana Parish, Winn Parish

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Source
-US Census

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