Financing Your Home in North Louisiana
We make the mortgage process simple
Understanding your financing options is the foundation of a successful home purchase. Harrison Lilly Realty connects you with trusted lenders and walks you through every step from pre-approval to closing day.
Step One:
Get pre-approved before you search
Before you start touring homes, get pre-approved with a lender. Pre-approval tells you your actual budget and shows sellers you are a serious buyer. In competitive situations, offers without pre-approval letters almost always lose. Harrison Lilly Realty works with trusted local lenders in Monroe and we will connect you with someone who knows this market and can move quickly when you find the right home.
Connect With a Lender
Estimate Your Monthly Payment
Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.
Price
Annual Tax
Loan Term (Years)
Down Payment %
Interest Rate %
Monthly HOA
Monthly Insurance
$3,198.20
Estimated Monthly Payment
Principal
$2,398.20
(75.0%)Taxes
$500.00
(15.6%)Private Mortgage Insurance (PMI)
$0.00
(0.0%)HOA
$100.00
(3.1%)Insurance
$200.00
(6.3%)
Step Two:
Find the best loan
We’ll help you find a local loan originator to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Step Three:
Application and processing
When you find the perfect property and your offer is accepted, your lender will help you complete a full mortgage loan application, discuss down payment options, and explain any related fees.
Then, your application is submitted for processing where the documents are reviewed. Your lender will also order a home appraisal and a property title search.
The next part of the application process involves sending everything to an underwriter who will review and approve the entire loan package to make sure it meets all compliance regulations.
It is not unusual to receive requests for additional documentation or clarification during this phase of the application process.
Step Four:
Signing and finalizing the deal
Once your loan is approved, you’ll need to set up homeowners insurance.
Your documents will be sent to the title company and the closing will be scheduled for you to sign the necessary paperwork and pay any additional costs to complete the purchase of your new home.
After the loan goes through the required recording process, the purchase is complete, and you officially own your new home!
Frequently Asked Questions
Connect with a lender who will review your income, credit, and assets to determine your loan eligibility. Harrison Lilly Realty works with trusted local lenders in Monroe. Fill out the form on this page and we will make the introduction today.
It depends on the loan type. Conventional loans typically require 5 to 20% down. FHA loans can be as low as 3.5% down. VA and USDA loans may require no down payment for qualified buyers.
From pre-approval to closing typically takes 30 to 45 days. Pre-approval itself can often be completed in 1 to 3 business days with the right documentation ready.
Yes. Harrison Lilly Realty works with buyers purchasing investment properties across North Louisiana and can connect you with lenders experienced in investment financing.
