Business Details
8 Years
experience
Your Trusted Mortgage Partner in La Place, LA
Power Mortgage is a locally owned mortgage company based in La Place, Louisiana, serving clients across Louisiana and Mississippi. Our team brings over 100 years of combined experience in the mortgage industry, specializing in guiding clients through the loan process with personalized attention. We prioritize education and transparency, ensuring clients understand their options while building lasting relationships. Our senior loan originators leverage their expertise to match clients with tailored loan programs that meet their unique financial needs.As a community-focused business, we emphasize professional service from local experts who understand regional market dynamics. Our operating hours are Monday through Friday from 9:00 AM to 5:00 PM, with Saturday appointments available. We maintain a physical presence at 568 Belle Terre Boulevard and offer direct contact via phone at (985) 653-7900. Our NMLS ID #1834591 reflects our commitment to regulatory compliance and industry standards. The company has operated since 2018, delivering mortgage solutions backed by decades of collective expertise.
Services
Conventional Loans
USDA Loans
FHA Loans
VA Loans
Reverse Mortgages
Nontraditional Loans
Jumbo Loans
Grant Programs
Details
- Year established: 2018
Highlights and features
- Our team has over 100 years combined experience in the mortgage industry
- We specialize in both traditional and nontraditional loan programs
- We offer personalized service from local mortgage professionals
- We provide education-focused mortgage guidance throughout the process
- We maintain deep knowledge of Louisiana and Mississippi real estate markets
Services
Conventional Loans
Conventional loan programs offer flexible terms for qualified borrowers seeking standard mortgage financing. These loans follow guidelines set by Fannie Mae and Freddie Mac, providing predictable payment structures. Ideal for borrowers with strong credit histories and stable income documentation.
USDA Loans
USDA Rural Development loans provide zero-down payment options for eligible properties in designated rural areas. These government-backed loans feature competitive interest rates and lenient qualification requirements. Designed to promote homeownership in qualifying communities across Louisiana and Mississippi.
FHA Loans
FHA-insured mortgages offer low down payment requirements and accessible credit standards for first-time homebuyers. Backed by the Federal Housing Administration, these loans provide financing solutions for borrowers with limited savings or moderate credit scores.
VA Loans
VA-guaranteed loans provide exclusive benefits for eligible military service members and veterans. These loans feature zero-down payment options, no private mortgage insurance requirements, and favorable interest rates. Designed to honor service members' housing needs through the Department of Veterans Affairs.
Reverse Mortgages
Reverse mortgage solutions allow homeowners aged 62+ to convert home equity into tax-free funds. These specialized loans provide financial flexibility for retirees while maintaining property ownership. Available through HUD-approved programs with personalized counseling requirements.
People
Durel Matherne
Experienced mortgage professional with extensive knowledge of Louisiana real estate markets. Committed to guiding clients through the mortgage process with personalized attention and financial expertise.
Perry Waguespack
Seasoned loan originator specializing in conventional and government-backed mortgage programs. Focuses on educating clients about financing options while delivering tailored solutions for diverse homebuying needs.
Tom Smith
Mortgage expert with deep understanding of local market dynamics. Dedicated to helping clients navigate the loan process with transparency and professional guidance throughout Louisiana and Mississippi.
Wilson Smith
Experienced team member committed to providing personalized mortgage solutions. Focuses on building lasting relationships through exceptional service and comprehensive financial education during the homebuying journey.
Questions
What types of mortgage loans do you offer?
We offer conventional, FHA, VA, USDA, reverse mortgages, jumbo loans, and nontraditional programs to meet diverse financing needs across Louisiana and Mississippi.
How can you help first-time homebuyers?
We specialize in low-down payment options like FHA and USDA loans, providing education-focused guidance to help first-time buyers navigate the mortgage process confidently.
Do you serve areas outside Louisiana?
Yes, we extend our mortgage services to Mississippi while maintaining local expertise in Louisiana's River Parishes and surrounding regions.
What makes your mortgage services different?
Our team combines over 100 years of experience with local market knowledge, offering personalized solutions and transparent education throughout the entire loan process.
How do I start the mortgage application process?
Contact us at (985) 653-7900 or visit our La Place office to speak with a loan originator who will guide you through pre-qualification and documentation requirements.
