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In house processing, underwriting and funding!
Our in-house processing and underwriting is efficent and easy to work with. We are closing loans in weeks, not months! We also have ultra competitive interest rates and fees. Iberiabank Mortgage is passionate about providing our clients with unparalleled value, service, and knowledge. The majority of our business comes to us by referrals from our satisfied clients and business partners. We are very grateful to have such loyal clients and partners!
Our goal is to create raving fans by providing the best experience a client has ever had in a business relationship.
Let us carefully guide you through your next home purchase or refinance. Our expertise and sincere interest in your financial well being will make a “raving fan” out of you.
You only think about home financing a few times in your life - we think about it every day. Give us a call… we are ready to work for your best interest
Get fast answers
At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.
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Mortgage News Daily
How Did The Employment Report Affect Mortgage Rates? - 23 hours ago Posted To: Mortgage Rate WatchIt is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to or cut from employer payrolls in the prior month. Consensus Forecast: -100,000 vs. -131,000 in July (Private payrolls increased 71,000 in July and +41,000 expected today) Unemployment Rate: the percentage of working-age, mentally able-Americans who are jobless. Consensus Forecast: 9.6% of the labor force vs. 9.5% last month Average Hourly Earnings: the average amount of earnings per hour of labor performed. Consensus Forecast: +0.1% vs. +0.2% last month. Average Work Week: average amount of hours worked by an employee...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. All Signs Point to Higher Rates in Week Ahead - 1 day ago Posted To: MBS CommentaryNFP has come and gone, let's see where things stand.... The October delivery FNCL 4.0 is -0-09 at 102-15. In the chart below I called attention to a few technical inflection points. The ascending trend channel that helped mortgage rates hit new lows on Wednesday has broken down and FNCL 4.0s have made their way back into the range that moderated price action for the majority of August. The falling knife found support and bounced higher directly in the middle of that range. 10s flagged lower for the entire month of August (all summer really) and are now flagging higher. The 2.625% coupon bearing 10 year TSY note is off its session price lows (98-24) at 99-07 yielding 2.715% (+8.8bps). 10s are the worst spot on the curve followed by 7s (+8.6bps) and the long bond (+7.6bps). Volume was heavy into...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. FHFA Establishes New Housing Goals for GSEs - 1 day ago Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mortgage market The new rules establish three goals for single-family, owner-occupied home purchases; one for low-income families, another for very low-income families, and a third for families living in geographical areas with lower-income populations, areas with high concentrations of minority residents, or federal declared disaster areas. The goal for disaster areas contains a sub-goal to ensure that the needs of lower-income and minority areas are addressed. A goal has also been established for...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping - 1 day ago Posted To: Pipeline PressIf there's one thing that an investor will never let any originator off the buyback hook for, it's fraud . Not only that, but the penalties can go far beyond merely buying back the loan, and saying' "My bad." Just in the last few days, Laura-Jean Arvelo and Ronald O'Malley, a New Jersey mortgage broker and former head of the Bergen County Improvement Authority, was indicted by a federal grand jury on charges of preparing fraudulent mortgage applications. Both are charged with wire fraud, bank fraud and loan application fraud in order to take bogus documents and falsified applications to trick lenders into making mortgage loans and benefited from fees they received. Ryan Miller of Missouri was sentenced to more than 12 years in federal prison and pay $6 million in restitution for mortgage fraud...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. Employment Situation Report: -54K Total Job Losses. Private Sector Adds 67k Positions. Bonds Sell - 1 day ago Posted To: MBS CommentaryTHE EMPLOYMENT SITUATION – AUGUST 2010 – BETTER THAN EXPECTED From the Release... Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment fell, as 114,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment continued to trend up modestly (+67,000). The number of unemployed persons (14.9 million) and the unemployment rate (9.6 percent) were little changed in August. From May through August, the jobless rate remained in the range of 9.5 to 9.7 percent. The number of long-term unemployed (those jobless for 27 weeks and over) declined by 323,000 over the month to 6.2 million . In August, 42...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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| Mortgage Programs |
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FHA
Primary Residence Only- Up to 96.5% (3.5% down payment). Seller can pay all closing costs (Up to 6% of the sales price).
USDA Rural Development
100% financing, seller can pay all closing costs (Up to 6% of the sales price). Closing costs can be financed into the loan. No Monthly PMI (Private Mortgage Insurance).
Conventional Loans (Fannie Mae/ Freddie Mac)
Primary Residence up to 95% (Seller can pay up to 3% of sales price in closing costs)
Second Home up to 80% (Seller can pay up to 6% of the sales price in closing costs)
Investment Property up to 80% (Seller can pay up to 2% of the sales price in closing costs)
Jumbo Buster
$417,000 first mortgage at conventional rate, paired with up to $300,000 second mortgage at 5% fixed rate!
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