Priority Mortgage Lending, Inc.

Loan Options

Conventional mortgages are ideal for those with good to excellent credit.  Also, it is a better loan option when you have a larger down payment.

Conventional Loans

Conventional mortgages are ideal for those with good to excellent credit. Also, it is a better loan option when you have a larger down payment.
  • Purchase and Refinance Options
  • 97% financing (3% down payment)
  • Monthly mortgage insurance drops off at 80% of home value
  • Cash out refinance up to 80% of home value
  • Investment & Second Homes eligible
  •  Minimum credit score 620
“RD” loans are great for those buyers with less money available for down payment.

USDA Rural Development Loan

“RD” loans are great for those buyers with less money available for down payment.
  • 100% financing (No down payment)
  • Lower monthly mortgage insurance
  • Seller can pay closing costs up to 6% of sales price
  • Closing costs may be financed into loan (restrictions apply)
  • Income & Geographic limits apply
  • Primary residence only
  • Minimum credit score 620 
FHA home loans are a more affordable option for those with lower credit scores and less than perfect credit.

FHA Loans

FHA home loans are a more affordable option for those with lower credit scores and less than perfect credit.
  • Purchase & Refinance Options
  • 96.5% Financing (3.5% down payment)
  • Gift down payment from family allowed
  • Seller can pay closing costs up to 6% of sales price
  • Cash out refinance up to 80% of home value
  • Non-occupying coborrower allowed (cosigner)
  • Minimum credit score 580
VA home loans offer zero down payment option with no monthly mortgage insurance to our veterans, service members, and surviving spouses.

VA Loans

VA home loans offer zero down payment option with no monthly mortgage insurance to our veterans, service members, and surviving spouses.
  • Purchase, Refinance & IRRL options
  • 100% financing (No down payment)
  • No monthly mortgage insurance
  • Seller can pay closing costs and prepaids
  • Cash out refinance up to 100% of home value
  • VA funding fee waived for eligible veterans & surviving spouses
  • Subsequent use of VA eligibility allowed
  • Minimum credit score 580

Jumbo mortgages are for larger loan amounts that exceed Fannie Mae and Freddie Mac standard loan amount limits.

Jumbo Loans

Jumbo mortgages are for larger loan amounts that exceed Fannie Mae and Freddie Mac standard loan amount limits.
  • Purchase and Refinance options
  • 89.99% financing
  • No mortgage insurance
  • Cash out refinance allowed
  • Investment Property and Second Homes eligible
  • Minimum credit score 660
Construction home loans are tailored to help you build your dream home from the ground up.

Construction Loan

Construction home loans are tailored to help you build your dream home from the ground up.
  • One Time Close Construction or Two Time Close Construction
  • Purchase land at time of closing
  • Equity from owned land used as down payment
  • Purchase & remodel an existing home
  • Metal Home construction
  • Permanent loan options after construction are Conventional, FHA, and VA
Financing for manufactured homes can be difficult to find, but there are options.

Manufactured Home Loans

Financing for manufactured homes can be difficult to find, but there are options.
  • Purchase and Refinance options
  • FHA, VA, Conventional and Rural Development financing
  • Must be existing setup and moved only once
  • Construction after June 15, 1976
  • Restrictions apply if additions to home
  • Primary residence only
  • Minimum credit score 620
Renovation home loans allow you to update your kitchen, bathroom, add on that extra bedroom or outdoor living space.

Renovation Loans

Renovation home loans allow you to update your kitchen, bathroom, add on that extra bedroom or outdoor living space.
  • Purchase & remodel an existing home
  • Cash out Refinance to remodel
  • 97% financing for first-time homebuyers purchase and remodel
  • Single closing with upfront rate lock
  • Second Homes eligible
  • Contractor of choice must be approved by lender
  • Minimum credit score 620

Priority Mortgage Lending, Inc. logo


Priority Mortgage NMLS #70708
Terri Gondron NMLS #70654

Contact Us

101 Energy Pkwy, Suite D
Lafayette, LA 70508

337-289-0550

Priority Mortgage Lending, Inc. offers expertise and personalized service for new home purchases and refinancing to every kind of borrower in Acadiana.