Home Loans

For mortgage questions, please email us or contact the mortgage department at (504) 522-3203.

CLICK HERE for a helpful mortgage calculator.

Home Loans

Whether you are planning to buy or build a new home, call Hibernia Homestead Bank – we put the "home" in homestead!

• Fixed Rate Mortgage Loans for 15 yr, 20 yr or 30 yr
• Adjustable Rate Mortgage Loans attached to either LIBOR or 1 Year Treasury Bill
• Re-amortization of loan balance with principal reduction at no charge
• PMI required for loans with a LTV greater than 80%
• No pre-payment penalty
• Local loan servicing
• Automatic payment options available
• Loans for investment property with fixed or adjustable rates

Home Equity Loans

A home equity line of credit is a form of revolving credit in which property will serve as collateral.

• Loan amounts from $10,000 to $100,000
• Rates based on current Prime Rate
• Monthly payment – 2% of outstanding balance or $50 (whichever is greater)
• 5 year repayment term

Construction Loans

A construction loan is set up to help with building or remodeling your home.

• One initial loan closing
• Interest only due during interim construction period
• Periodic inspections are required

Lot Loans

• Loan amounts up to 90% of value
• 1 yr and 2 yr interest-only payments with 15 yr amortization
• Other payment options are available