Residential Mortgage

Residential Mortgage

Are you ready to buy a new home or refinance your current home?

We have great products and services tailored to your needs and the people to make them even better.  With a Mortgage Banking team with decades of combined mortgage banking experience and local lenders who provide the very best in personal, in-office service, there is no better residential lending choice than Progressive Bank.  And, our in-house approvals provide timely processing for your home mortgage.  We provide the flexibility you need, depending on your individual situation, through a number of different types of home mortgage products with varying interest rates and repayment schedules.

Remember, with Progressive Bank, you're home!

Residential Lending Choices

Today's Rates

30 Year Fixed Rate Mortgage

30 Year Fixed Rate1

4.50%

360 Monthly Payments

4.544% APR

OriginationDown PaymentMonthly P&I Payment

0.00%

20%

$1,013.372

Rates as of 04/16/2014; 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 04/16/2014; 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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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?

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

Vicki Fletcher

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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