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 cannot ask for more if you quality for this program.
JULIE BAUDIER
BAUDIER, GRACE & KINLER
110 VETERANS BLVD.
STE. 430
METAIRIE, LA70005
CELL:504-583-1793
LHFASTATE 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 ? TargetedTargeted
PURCHASE PRICE LIMITS:
New & Existing Single$237,031$289,704
New & Existing Double$303,451$370,884
New & Existing Triplex$366,802$448,313New & 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 updated07/16/07
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, LA70005
JULIE BAUDIER
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
BAUDIER, GRACE & KINLER MORTGAGE
110 VETERANS BLVD STE 430
METAIRIE, LA 70005 call Bridgette or Julie Baudier for details 583-1793 Bond money is too good to pass up if you qualify. it is no longer for just first time purchasers. The limits have raised. You basic choice is to get low rate or have a gift of 4% of your purchase price. Julie will have the answers for you. She is my favorite not because she gets the job done, but she will give you the best deal possible. Julie has done loans for me in a week when other lenders couldn't do them in a month of weeks. She did the loans for all three of my kids so you know how I feel about her. Eric
JEFFERSON PARISH BOND PROGRAM
BAUDIER, GRACE & KINLER MORTGAGE GROUP 110 VETERANS BLVD. STE. 430 METAIRIE, LA 70005
JEFFERSON PARISH BOND PROGRAM (2006B)
($75 Compliance fee payable to "Country Wide Home Loans")
LOW RATE/ASSISTED LOAN:
5.84% - 1% Origination/.25% Discount
(4% assistance based on loan amount)
PURCHASE PRICE LIMITS:
New & Existing Homes $289,704
(Single Family Only)
INCOME LIMITS:
Family of 2 or less $62,760
Family of 3 or more $73,220
ORLEANS PARISH BOND PROGRAM
ORLEANS PARISH BOND PROGRAM (2006)
($100 Compliance fee payable to "The Finance Authority of New Orleans")
(Homebuyer classes waived for 1st time buyers)
LOW RATE LOAN: 5.625% - FHA/VA 5.75% - CNV
0% Origination/1% Discount
ASSISTED LOAN: 5.875% - FHA/VA 6.00% - CNV
0% Origination/1% Discount
(4% assistance based on loan amount)
PURCHASE PRICE LIMITS:
New & Existing Single $289,704
New & Existing Double $370,884
New & Existing Triplex $448,313
New &Existing Fourplex $557,144
INCOME LIMITS:
Family of 2 or less $62,760
Family of 3 or more $73,220
State Bond Money
LHFA STATE BOND PROGRAM (2006C)
($75 Compliance fee payable to "LHFA")
LOW RATE LOAN:
5.55% - 0% Origination/0% Discount *Money still available for
Targeted Areas Only.
ASSISTED LOAN:
5.98% ? 0% Origination/0% Discount
(4% assistance based on loan amount)
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
One of the best ways I can help you in your search is to let me know in your own words what you are looking for and I can match the best properties and neighborhoods for you. Feel free to call me or send me an e-mail to Eric
Eric Bouler Gardner, Realtors® Louisiana License 4509 Veterans Blvd. Metairie, La 70006
Eric is working as a Buyers Agent for almost all the properties that I profile, meaning I do not personally have these condos listed. I will work for you! I can give you the pros and cons on the various units and projects currently on the market and let you choose the units that best fit your needs. Let my experience work for you. I work for you !
Users are Responsible for Checking the Accuracy, Completeness, Currency, and Status of All Information. When buying think " Buyers Beware"
