Louisiana State Bond Money for Fall 2007

BAUDIER, GRACE AND KINLER  MORTGAGE A DIVISION OF IS THE CURRENT SERVICER OF ALL STATE BOND LOANS!!!  10/31/07 STATE BOND MONEY NOW OFFERING:  HOME PROGRAM*           4.85% ASSISTED*                  6.50% TEACHER ASSISTED*      6.25%         Unassisted                    5.95%  0% ORIGINATION 0% DISCOUNT POINTS  *BORROWER WILL RECEIVE 4% OF LOAN AMOUNT AS GIFT FROM STATE BOND AUTHORITY TO BE APPLIED TO DOWNPAYMENT, CLOSING COSTS, AND PRE-Paids  JULIE BAUDIER CELL 504 583-1793 OFFICE 504 828-2990

State Bond Money Available Assisted Program 6.5% With 4% assistance   Teachers Program 6.25% With 4% assistance   Unassisted Program 5.95%   Income limitations Family of 2 or less $62,640 Family of 3 or more $73,080   Maximum Purchase price $289,704 Single Family No 203K!

Louisiana State Bond Money July,2007  This program will work in all Parishes but will run out of money sooner as it is for the entire state. You can ask if you quality for this program.  Its a great way to buy a home or a condo.

JULIE BAUDIER BAUDIER, GRACE & KINLER 110 VETERANS BLVD. STE. 430 METAIRIE, LA 70005 OFFICE:  504-828-2990 CELL:      504-583-1793                                          LHFA STATE BOND PROGRAM (2007B) ($75 Compliance fee payable to "LHFA")       LOW RATE LOAN:      5.84% - 0% Origination/0% Discount                                                                                                                                  ASSISTED LOAN:      6.34% ? 0% Origination/0% Discount          (4% assistance based on loan amount)     Teacher Assisted Program: 6.09%                                                                                                 Non ? Targeted                    Targeted PURCHASE PRICE LIMITS:                                 New & Existing Single                       $237,031                 $289,704                                 New & Existing Double                     $303,451                 $370,884                                 New & Existing Triplex                      $366,802                 $448,313                                 New & Existing Fourplex                    $445,884                 $557,144       INCOME LIMITS:                                 Family of 2 or less                                $52,300                                   $62,760                                 Family of 3 or more                              $60,145                                   $73,220       Last updated  07/16/07

Bond Money to help people buy homes in Louisiana

Bond money is offered by various parishes and state agency's on a regular basis to help people buy home in certain income brackets. It is a gift with really great rates. Before Katrina you had to be a first time home buyer. That has been lifted until further notice. The Bond issues will vary to a degree or two but all are great to have available. You still have to quality for a loan based on your income and credit history. I will give you some of the criteria below. The issues come and go. You should get qualified for a loan then when you have a purchase agreement you can have your purchase agreement ready to file. You have to have a purchase agreement.

Jefferson Parish Bond Money

June 2007-The latest Jefferson Parish Bond Issue is out. The features are very similiar to the previous issues. The rates have changed and are more than competitive with the market when the bond issue was announced. You will get 4% of your loan amount to use to for prepaids and closing cost. The seller can pay the 1% fee if he agrees to it giving you the full 4% to use. This will be availiable as long as the funds last. There is a State Bond Issue that will be similiar out shortly also. They will differ in the details.

BAUDIER, GRACE & KINLER MORTGAGE GROUP 110 VETERANS BLVD.  STE. 430 METAIRIE, LA 70005 JULIE BAUDIER OFFICE: (504) 828-2990 FAX:        (504) 828-2996 CELL:     (504) 583-1793      JEFFERSON PARISH BOND PROGRAM (2007B)   LOW RATE LOAN:   6.39%         1% Origination & .25% Discount                    (4% Assistance based on loan amount)   PURCHASE PRICE LIMITS:                    New & Existing Single          $289,704                      INCOME LIMITS:                    Family of 2 or less                 $62,760                    Family of 3 or more              $73,220