Home Loans
With mortgage lending offices conveniently located across the Gulf Coast, we offer a variety of lending solutions to meet your home loan needs including purchase loans, refinance loans, construction, FHA, VA, and USDA (rural development). We even offer programs designed for first-time homebuyers including bond programs as well as jumbo loans and renovation/203k.
Our loans come with competitive rates and flexible terms, plus local lending decisions and the personal service you've come to expect from the bank that cares about you!
Contact your local mortgage lender today to learn more about how we can help you with your borrowing needs.
To start the loan process:
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Find a Mortgage Lender Near You
Gulf Coast Bank Mortgage Lending has over 30 Mortgage Lenders located throughout East Baton Rouge, Jefferson, Livingston, metro New Orleans, St. Bernard, St. Tammany, and Tangipahoa parishes in Louisiana as well as Orange and Sarasota counties in Florida.
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Home Loan Programs
If you’re getting ready to buy a home or considering a refinance, our loan officers will help you get the best mortgage for your needs!
Our Home Loan Programs Include:
Construction Loans
Construction Loans offer the ability to either build a residence from the ground up or renovate an existing property. We offer both a single close construction loan, as well as a two-time construction loan. Differences in the two programs can be discussed with your mortgage loan originator.
Conventional Loans
Conventional mortgage loans are also known as Fannie Mae or Freddie Mac loans. The guidelines and credit requirements are established by either Fannie Mae or Freddie Mac. Generally, the credit requirements for this program type are a bit more stringent than a government loan.
FHA Loans
FHA, or Federal Housing Administration, is a mortgage loan that is insured by FHA. FHA and/or HUD (Department of Housing and Urban Development) set the regulations and requirements to qualify for this type of loan.
First Time Homebuyers
We love helping local residents realize their dreams of buying their first home. Click on the link below to find out more about various programs available for first-time homebuyers.
Jumbo Loans
If you need a home loan that is higher than the current limits set by the Federal Housing Finance Agency, you will need a jumbo loan. Jumbo loans are sometimes called nonconforming loans because they don’t fit the loan amount requirements of conventional loans offered by Fannie Mae or Freddie Mac.
Renovation & 203K Loans
Could your current home be your dream home with some minor or major renovations or did you find a home in the perfect location, but it doesn’t quite check all the boxes? A home renovation or 203k loan may be just the thing you need! Our 203k and Fannie Mae Homestyle loan options enable borrowers to finance renovations to their current home or finance the cost of purchasing and renovating a new home in one streamlined process.
USDA/RD Loans
USDA/RD, or United States Department of Agriculture/Rural Development, is a mortgage loan that is insured by the USDA. The mortgage program has less stringent credit requirements then a conventional loan and can only be used on homes in qualified areas set by the USDA Rural Development.
VA Loans
VA, or Veterans Administration, is a mortgage loan that is insured by the Veterans Administration. This program is only available to Veterans or the eligible dependents of Veterans. VA sets the service requirements to qualify for a VA backed mortgage loan. A certificate issued by the VA will document your eligibility for a VA insured loan.
Up to 100% financing (based on VA lending limits) may be available for purchase loans and up to 90% for cash-out refinances. Gift funds or bond programs for closing cost assistance are allowed.
Bond Programs
Bond Programs are community based mortgage loan programs that Gulf Coast Bank & Trust Co. participates in. Typically the Bond programs are designed to help meet the housing needs of low-to- moderate income applicants. The programs are typically designed for first time homebuyers with rates that are usually below the current market.
Multi-Unit Properties
Multi-unit properties are typically either two units (duplex), or 3-4 units. Properties with more than 4 units are considered commercial and fall under different lending categories.
Gulf Coast Bank Home Loans offers multi-unit property loans in areas we serve including metro New Orleans & Baton Rouge as well as Florida & Texas.
Bank Statement Programs
Gulf Coast Bank & Trust offers competitive bank statement programs for self-employed individuals to help make it easier to get a home loan.
Warrantable Condos
Condos that qualify for conventional and government financing options.
Non-Warrantable Condos
Condo properties where the loan is not eligible to be sold through Freddie Mac or Fannie Mae.
Information stated above is subject to change without notice and may only be available in select markets. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all products offered.
Manufactured Housing Loans
Thinking about purchasing a manufactured home? Find out more about our home loan options for manufactured housing.
Investment Property Loans
Are you considering the purchase of an income-producing property for the first time? Or are you a regular investor in real estate looking for new options? Get the latest information about investor loan programs.
2-1 Buydown Programs
If you are actively looking for ways to lower your mortgage payments, our 2/1 buydown program may be a great way to accomplish that goal.
One-Time-Close Construction Loans
If you’re considering building a home, we’ve got exciting news! You may be eligible to borrow up to 100% on a one-time-close construction loan through FHA, VA, and USDA.
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Locations
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Resource Center
We compiled the below resources to help you along the process. Contact one of our local Mortgage lenders today to get started!
Learn More:
The Home Loan Process
Home Loan FAQs
After My Loan Has Closed
What Are Today’s Mortgage Rates? -
Calculators
We compiled the below resources to help you along the process. Contact one of our local Mortgage lenders today to get started!
Learn More:
The Home Loan Process
Home Loan FAQs
After My Loan Has Closed
What Are Today’s Mortgage Rates?No two loans are ever the same. That’s why it’s important to find out what YOUR numbers might look like on a home loan.
Whether you’re buying a home, refinancing, building or purchasing investment property, our loan calculators will help you understand the numbers.
Home Loan Calculators:
How much will my fixed rate mortgage payment be?
How much will I save by increasing my mortgage payment?
How much mortgage might I qualify for?
How much home can I afford?
Should I consolidate my loans? -
Home Loans Blog
Click Here to View All Blogs
- Navigating Uncertain Times in Real Estate
- The Best Way for the Self-Employed to Get a Mortgage: The Bank Statement Program
- Borrowers, The Time to Get Ready to Buy a Home is NOW
- Multi-Unit Property Financing New Orleans, Baton Rouge & the Northshore
- New 2022 Loan Limit Increases Make It Easier to Buy Larger Homes
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