Mortgage Broker — Monroe, Louisiana

Monroe
Mortgage Broker

Name: Bayou Mortgage — Monroe, Louisiana
Address: 113 Williamsburg Street, Lake Charles, LA, 70605, US
Telephone: 337-476-2623
Rating: 4.9

Monroe and West Monroe form a twin-city market with some of the most affordable housing in Louisiana. ULM, Ochsner LSU Health, and CenturyLink anchor steady employment.

🏠 Get a Free Quote → 📞 337-476-2623

⭐ 4.9 on Google ✅ No Credit Pull ✅ Louisiana Licensed ✅ Channing Moore NMLS #1235512

Loan Programs

Home Loans in Monroe

Every buyer's situation is different. We match you to the right program — whether that's FHA, VA, USDA, or Conventional. Here's what's available in Monroe and Ouachita Parish.

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FHA Loan

3.5% Down

Government-backed with flexible credit requirements and low down payment.

$0 down payment for eligible veterans and active military. No PMI. Competitive rates.

$0 down in eligible rural and suburban areas. Income limits apply.

As low as 3% down. No mortgage insurance at 20% down. Best for stronger credit profiles.

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First-Time Home Buyer

Down Payment Help

Special programs and down payment assistance for qualifying first-time buyers in Louisiana.

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Local Market

Monroe Mortgage Market

Monroe and West Monroe form a twin-city market with some of the most affordable housing in Louisiana. ULM, Ochsner LSU Health, and CenturyLink anchor steady employment.

Several Monroe-area zip codes qualify for USDA $0 down financing — making homeownership accessible for buyers who can't save a large down payment.

Neighborhoods: Forsythe Park area, Bawcomville, West Monroe, Sterlington

🌾USDA $0 Down Available — Some areas in and around Monroe qualify for USDA Rural Development financing with no down payment required.

Monroe Market At a Glance

Typical Price Range$130k–$265k

County / ParishOuachita Parish

USDA Eligible AreasYes — check by address

FHA Loan Limit (2024)$498,257

Minimum FHA Down3.5% (580+ credit)

VA Down Payment$0

Bayou Mortgage Rating⭐ 4.9 / 5.0

FAQ

Monroe Mortgage Questions

Bayou Mortgage offers FHA loans (3.5% down), VA loans ($0 down for veterans), USDA loans ($0 down in eligible areas), Conventional loans, and First-Time Homebuyer programs for Monroe buyers. We compare all options and match you to the best fit.

Most buyers in Monroe shop in the $130k–$265k range. Monroe and West Monroe form a twin-city market with some of the most affordable housing in Louisiana. ULM, Ochsner LSU Health, and CenturyLink anchor steady employment.

The fastest way is to take Bayou Mortgage's quick quiz at bayoumortgage.com/get-a-quote — no credit pull, no pressure, results in minutes. From there we build a clear plan for your Monroe purchase.

Yes. Bayou Mortgage is a Louisiana-licensed mortgage broker based in Lake Charles serving buyers across the state including Monroe and Ouachita Parish. We close loans in every Louisiana parish.

Most first-time buyers in Monroe use FHA (3.5% down, 580+ credit) or USDA ($0 down in eligible areas). Louisiana also has down payment assistance programs that can reduce upfront costs further. We review all options for your specific situation.

Service Area

We Serve All of Louisiana

Bayou Mortgage serves homebuyers in every Louisiana parish. Find mortgage information for your city.

Ready to Buy a Home in Monroe?

Get a free quote in minutes — no credit pull, no pressure. Channing Moore will personally review your situation.