If you own a business in Louisiana, you may at some point need the services of a Louisiana mortgage lender. Most businesses do not have the available cash flow to purchase a business location outright. Fortunately, Louisiana mortgage companies can help you to finance this purchase.

When you work directly with mortgage lenders in Louisiana, you may have an advantage over working with national companies. Louisiana mortgage lending companies will know the intricacies of obtaining Louisiana mortgages. They can make you aware of any state laws for fees involved. You just might negotiate a lower rate when working directly with mortgage companies in Louisiana.

When choosing a Louisiana mortgage company, you should:

1. Look at the Louisiana mortgage rates offered by both local and nationwide companies.
2. Consider Louisiana mortgage companies that are only familiar with commercial loans and have experience working with businesses.
3. Check the zoning laws for the property that interests you. You must make sure that you can conduct your business in that building.
   

Action Steps
The best contacts and resources to help you get it done

Check the qualifications of your Louisiana mortgage lender

When selecting a mortgage company in Louisiana, make sure that they are licensed to do business in Louisiana. Check their membership in local professional organizations.

I recommend: The Louisiana Mortgage Lenders Association allows you to search through their database of members. You can use this to find a broker or to check the qualifications of one that already interests you.

Compare Louisiana mortgage rates online to get the best rate

There are online resources that allow you to receive rate quotes from many mortgage companies in Louisiana simply by filling out an application. This makes it easy to compare rates and get the best loan.

I recommend: You can receive free mortgage rate quotes from Lender411.com and LoanNetwork.com.

Apply for a loan from a local Louisiana bank

Many Louisiana companies prefer to work directly with banks in Louisiana. You may be able to negotiate lower rates when you work with a smaller company.

I recommend: Bank of Louisiana offers many different types of loans, including commercial loans and mortgage loans. First Bank and Trust also offers loans for businesses.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Mortgage lenders in Louisiana will look at your credit score and business plan in order to decide whether they should give you a loan or not. Make sure that both of these are in tip-top shape before applying for a loan.
• •  When comparing Louisiana mortgage rates, verify rates come from the same period. Mortgage rates change rapidly and it's important that you are comparing apples to apples.
• •  Negotiate the lowest rate possible. Smaller companies tend to be more flexible in the rates that they can give you.