30-Year Fixed Jumbo Mortgage Refinance Interest Rates in Shreveport, LA

Compare mortgage rates in Shreveport, Louisiana

Showing results for: 30-Year Fixed refinance offers for Single Family or Townhome properties in LA, total loan amount of $800,000.

Advertiser Disclosure

Filters

Lender	APR / Rate	Monthly Payment

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details

When Does Jumbo Refinancing Make Sense in Growing Shreveport?

Shreveport's 5.1% annual appreciation is building home equity faster than the national average. For median $88,400 homes with $70,720 jumbo loans (80% LTV), refinancing makes sense when: (1) rates drop 0.75%+ below your current rate, (2) you can eliminate PMI after reaching 20% equity through appreciation, or (3) you want to convert an ARM to fixed rates for payment stability. Example: refinancing from 7% to 6% saves $47/month. With $1,768 closing costs (typical 2.5% on jumbo loans), you break even in 38 months. As Shreveport continues growing, property values above $806,500 increasingly require jumbo financing even for typical family homes.

How Much Equity Do I Need for Jumbo Refinancing in Shreveport?

Most Shreveport jumbo lenders require 20% equity minimum (80% LTV) for refinancing, though some allow up to 90% LTV with higher rates and PMI. For $88,400 median homes appreciating at 5.1% annually, homeowners who purchased 3-5 years ago likely have substantial equity gains. Example: a home bought for $76,145 three years ago is now worth $88,400-a $12,255 gain. This equity growth lets you refinance into better terms, eliminate PMI, or tap equity via cash-out refinancing. Jumbo cash-out refis typically cap at 80% LTV, meaning you can access up to $17,680 (20% of current value) while refinancing your existing $70,720 loan. New payment at 6.5%: $559/month.

What's the Difference Between Jumbo and Conforming Refinance Rates in Shreveport?

Jumbo loans (those exceeding $806,500) in Shreveport typically carry rates 0.25-0.75% higher than conforming loans due to increased lender risk and lack of Fannie/Freddie backing. For Shreveport's $88,400 median homes, 80% LTV loans of $70,720 approach the jumbo threshold. However, borrowers with excellent credit (740+), low debt ratios (under 43%), and substantial reserves can secure competitive jumbo rates. The rate premium compounds over time: 0.5% higher on $70,720 costs approximately $23/month or $8k over 30 years. Shop multiple lenders-portfolio lenders and credit unions sometimes offer better jumbo pricing than mega-banks.

Should I Refinance My Jumbo Loan as Shreveport Grows?

Shreveport's 5.1% growth rate creates strategic refinancing opportunities. As home values rise from $88,400, your loan-to-value ratio decreases, potentially qualifying you for better rates or eliminating PMI. Refinancing a $70,720 jumbo loan from 7% to 6% saves $47/month and $17k in total interest over 30 years. After $1,768 closing costs, you're profitable after 38 months. If planning to stay in Shreveport for 3+ years, refinancing at today 's rates locks in savings for decades. Additionally, Shreveport's 0.55% property tax rate ($41/month on median homes) is relatively low-factor this into total PITI comparisons when evaluating refinance scenarios.

Can I Get a No-Closing-Cost Jumbo Refinance in Shreveport?

Yes, many Shreveport lenders offer no-closing-cost jumbo refinances by either rolling $1,768 in fees into your loan balance or charging a slightly higher interest rate (typically 0.25-0.5% higher). For a $70,720 jumbo loan, paying 6.25% with zero upfront costs versus 6% with $1,768 closing costs means $11/month more. Break-even: it takes 161 months for the higher rate to cost more than paying closing costs upfront. No-closing-cost refis make sense if you plan to move or refinance again within 3-5 years, or if you'd rather preserve cash for other investments. In Shreveport's growing market with 5.1% appreciation, many homeowners prefer preserving liquidity for down payments on investment properties or business opportunities.