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 Shreveport. 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

4.375%

360 Monthly Payments

4.418% APR

OriginationDown PaymentMonthly P&I Payment

0.00%

20%

$998.572

Rates as of 10/01/2014 9:00 a.m. CDT.  Rates may change without notice.  Annual Percentage Rate (APR) based on $200,000 loan amount, $695 processing fee, $85 tax service fee, $20 flood certification and $225 attorney settlement fee. 

1 Maximum loan amount $417,000
2 Your actual payment obligation will be greater. Does not include additional costs such as taxes and insurance premiums.

 
15 Year Fixed Rate Mortgage

15 Year Fixed Rate1

3.50%

180 Monthly Payments

3.574% APR

OriginationDown PaymentMonthly P&I Payment

0.00%

20%

$1,429.772

Rates as of 10/01/2014; 9:00 a.m. CDT.  Rates may change without notice.  Annual Percentage Rate (APR) based on $200,000 loan amount, $695 processing fee, $85 tax service fee, $20 flood certification and $225 attorney settlement fee. 

1 Maximum loan amount $417,000
2 Your actual payment obligation will be greater. Does not include additional costs such as taxes and insurance premiums.

 

Conventional Fixed Rate Mortgages

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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?

Either of our mortgage loan specialists can provide you with information or recommend the right home mortgage for your unique situation.

Vicki Fletcher 2014

Vicki Fletcher

Vice President/Production Manager
(318) 651-5043 (phone)
(318) 381-0713 (mobile)
vfletcher@progressivebank.com
1411 North 19th St., Monroe
NMLS #737079

 

Rob Reagan

Rob Reagan

Vice President
(318) 213-5723 (phone)
(318) 837-7959 (mobile)
rreagan@progressivebank.com
8550 Fern Ave., Shreveport
NMLS #477226

     

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