Mortgage in Shreveport, LA (2026)

Find the best mortgage rates in Shreveport, LA. The Shreveport housing market offers opportunities for first-time buyers and seasoned investors alike, with mortgage rates remaining competitive in 2026.

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Shreveport Overview

Shreveport is a key market in Louisiana with a population of 286,200 and a median household income of $48,000. The median home price stands at $175,000, shaping the local borrowing landscape.

Rates & Terms

Borrowers in Shreveport with credit scores above 760 and 20% down payments qualify for the best conventional mortgage rates.

Mortgage rates in Shreveport for 2026 range from approximately 6.5% to 7.5% for 30-year fixed loans, depending on credit score and down payment.

Requirements in Shreveport

FHA loans in LA accept credit scores as low as 580 with 3.5% down, or 500-579 with 10% down.

Conventional mortgages in Shreveport typically require a minimum credit score of 620, a debt-to-income ratio below 43%, and stable employment history.

Louisiana Regulations

Louisiana allows payday lending with regulated fees and a cooling-off period.

  • Usury Limit: 12% (non-licensed)
  • Payday Lending: Legal, max $350, 16.75% fee

Local Market Insights

The median household income of $48,000 in Shreveport supports affordable mortgage payments for qualified buyers with good credit.

Property taxes in LA should be factored into your total monthly housing budget alongside principal, interest, and insurance.

Borrowing Tips for Shreveport

  • Lock your mortgage rate once you have a signed purchase agreement; rates can change daily and cost you thousands.
  • Improve your credit score by 20+ points before applying; even small improvements can lower your rate significantly.
  • Consider a 15-year mortgage if you can afford the higher payment; you will save massive interest over the loan life.

Frequently Asked Questions

Should I choose a fixed or adjustable-rate mortgage?

Choose a fixed-rate mortgage if you plan to stay in the home long-term and want payment stability. An ARM may save money if you plan to sell or refinance within 5-7 years.

How much down payment do I need for a house in Shreveport?

Conventional loans require 3-20% down, FHA loans require 3.5%, and VA loans require 0% down. The median down payment in Shreveport is approximately 10-15% of the purchase price.

What is the current average mortgage rate in LA?

As of 2026, average 30-year fixed mortgage rates in LA range from 6.5% to 7.5%, while 15-year fixed rates range from 5.75% to 6.75%. Rates vary by lender and borrower profile.

Can I get a mortgage with student loan debt in Shreveport?

Yes, lenders factor your total debt-to-income ratio. Income-driven repayment plans on federal student loans can help keep your DTI within qualifying limits.

Important Disclaimer

LoanMatchers is not a lender and does not make credit decisions. We connect consumers with licensed lending partners. All loan terms, rates, and fees are determined by the lender and are subject to credit approval. APRs range from 5.99% to 35.99%. Not all applicants will qualify for the lowest rates. This website provides general information and does not constitute financial, legal, or tax advice. Consult a qualified professional before making financial decisions. Rates and terms are accurate as of 2026 but subject to change without notice.