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218 Rue Beauregard, Suite I & J Lafayette, LA 70508 Mobile (337) 352-8532 Tel (337) 806-9943 [email protected]
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- monday: 8:00AM – 5:00PM
- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
Austin Shumaker
- Originating Branch Manager
- Lafayette, LA Mortgage Loan Officer
- NMLS #1490573
I’ll be with you every step of the way
Hi, I’m Austin, a proud native of South Louisiana who spent many years in the oil and gas industry. During this time, I became intimately familiar with the unique regional demands of lending in the South. I believe reinvesting in the community is foundational to growth into the 21st century and beyond. After growing tired of seeing so many people struggle to get a home loan because of a needlessly complex process, I decided to make a change with America’s #1 Retail Mortgage Lender.
I understand the Louisiana economy and how to get financing for the men and women who work in our industrial landscape. With a client-first approach, my mission is to make homebuying as simple, clear and stress-free as possible. We’ll discuss your loan options from conventional, FHA, VA, and USDA and create a plan to achieve your goals. I’ll always be here to support you, whether answering your questions or simply giving you an update on your loan. Together, we’ll get you into the home of your dreams.
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How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Inspiration for your home loan journey
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.