Consultation Mortgages Inc. offers a variety of loan programs to meet your needs. We are licensed in the state of Louisiana. We pride ourselves in assisting customers who may not be ready to purchase a home, but is currently serious about getting ready. Unlike the big banks we will walk you through the process. As follows are some loan programs we offer: 1. 203k loans 2. FHA Loans 3. Conventional Loans 4. Usda Loans 5. Va Loans 6. Jumbo loans 7. Refinancing is available. Call Now for your free consultation 504-302-9864
 
203k Fha
Conventionl loan product
FHA
Jumbo loans
Refinancing
Usda loans
Va loans

203k Fha
An FHA 203k loan is a type of FHA-insured home loan that allows homebuyers and homeowners to finance the cost of repair work to improve/renovate/rehabilitate their primary residence into their mortgage. Most of the qualifying criteria are similar to the standard FHA loans that involve rehab financing. Yes you can finance a damaged home. They closed in the same amount of time.

Conventionl loan product
A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate. Most of the time it requires a 3% down payment

FHA
FHA loans available to a new level with industry-leading government rates and pricing. This is the obvious choice for customers with good credit. •680+ FICO •$175,000 - county loan limit •All fixed term mortgages •Single family primary residences •Debt ratios accepted up to 55% FHA Streamline FHA Streamline program allows you to refinance your mortgage with no appraisal or AVM. Time is of the essence—stop the shop and use our quick closing process to secure your refinance. •640+ FICO •Debt ratios accepted up to 55% •Up to 60 days interest allowed

Term: 30 years   Maximum Amount: $275,665

Jumbo loans
In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.[1] This standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender. Fannie Mae (FNMA) and Freddie Mac (FHLMC) are large agencies that purchase the bulk of U.S. residential mortgages from banks and other lenders, allowing them to free up liquidity to lend more mortgages. When FNMA and FHLMC limits don't cover the full loan amount, the loan is referred to as a "jumbo mortgage". Traditionally, the interest rates on jumbo mortgages are higher than for conforming mortgages, however with GSE fees increasing, Jumbo loans have recently seen lower interest rates than conforming loans.

Refinancing
Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage. Lets get some cash out of your home or lower your payments.

Usda loans
Home buyers in Louisiana have a great financing option available to them. The USDA Home Loan offers 100% no money down financing. Buyers can buy a home without having to come up with a down payment. So choose to live in a rural area and no down payment will be required. Apply today to see if you qualify for this product.

Va loans
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and new construction. The VA does not originate loans, but sets the rules for who may qualify, issues minimum guidelines and requirements under which mortgages may be offered and financially guarantees loans that qualify under the program. No money down required



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $18,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.