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Residential Mortgage

Residential Mortgage Loans

Are you ready for a new home loan or to refinance your current home in Monroe, West Monroe, Winnsboro, Bossier City or Shreveport, Louisiana or in the North Louisiana area? We are your lending solution for residential mortgages - both locally and regionally.

We have great mortgage products and services tailored to your needs and our mortgage loan officers make them even better. They are local bankers right here, with locations in Monroe, West Monroe, and Bossier City. With a Mortgage Banking team of lending officers who have decades of combined mortgage banking experience and local lenders who provide the best in personal, in-office service, there is no better residential lending choice than Progressive Bank for your home loan. And our in-house approvals provide timely processing for your home mortgage. We provide the flexibility you need, depending on your individual mortgage needs, through a number of different types of home mortgage products with varying interest rates and repayment schedules. And best of all, we're right here and understand the home loan needs of people in North Louisiana.

Remember, with Progressive Bank, you're home!

Residential Lending Choices

Today's Rates

30 Year Fixed Rate Mortgage

30 Year Fixed Rate1

3.50%

360 Monthly Payments

3.556% APR

OriginationDown PaymentMonthly P&I Payment

0.00%

20%

$898.092

1Maximum loan amount $417,000
2Payment shown does not include taxes and insurance and the actual payment obligation will be greater. 

Rates as of 08/16/2016 10:00 a.m. CDT.  Rates may change without notice.  Annual Percentage Rate (APR) based on $200,000 loan amount, $600 processing fee, $105 tax service fee, $20 flood certification fee and $225 attorney settlement fee. 

 

 
15 Year Fixed Rate Mortgage

15 Year Fixed Rate1

2.875%

180 Monthly Payments

2.974% APR

OriginationDown PaymentMonthly P&I Payment

0.00%

20%

$1,369.172

1Maximum loan amount $417,000
2Payment shown does not include taxes and insurance and the actual payment obligation will be greater. 

Rates as of 08/16/2016; 10:00 a.m. CDT.  Rates may change without notice.  Annual Percentage Rate (APR) based on $200,000 loan amount, $600 processing fee, $105 tax service fee, $20 flood certification fee and $225 attorney settlement fee. 

 

 

Conventional Fixed Rate Mortgages

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Found your dream home or ready to refinance?

Now you can complete and submit your application electronically.

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Several term options to choose from

Fixed monthly principal and interest payments

Rural Development

100% Financing - no down payment required

Loans may include closing costs

Low monthly Private Mortgage Insurance (PMI)

FHA

Offered through government agencies

Federal Housing Authority

Feature low down payment terms

VA

100% financing with no Private Mortgage Insurance (PMI)

Available to active duty military and veterans

Offered through the Veteran's Administration but originated through Progressive Bank

   

How do I find out more about home mortgage loans from Progressive Bank?

Our mortgage loan specialist can provide you with information or recommend the right home mortgage for your unique situation.

Ginger-Holton

Ginger Holton

Assistant Vice President
(318) 651-5043 (phone)
(318) 816-2795 (mobile)
mailto:gholton@progressivebank.com
1411 North 19th St., Monroe
NMLS #464560