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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. |
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JULIE BAUDIER
BAUDIER, GRACE & KINLER
110 VETERANS BLVD.
STE. 430
METAIRIE, LA 70005
OFFICE: 504-828-8990
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
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Bond Money to help people buy homes in Louisiana |
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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.
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Jefferson Parish Bond Money |
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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.
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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
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BAUIDER, GRACE & KINLER
JULIE BAUDIER
110 VETERANS BLVD. STE. 430
METAIRIE, LA 70005
FAX: 828-2996
CELL: 583-1793
JEFFERSON PARISH FINANCE AUTHORITY
LOW INTEREST HOME LOANS 5.86% with 4% Assistance
Maximum Acquisition Costs
Maximum Acquisition Cost:
Existing /New Home - $289,704
Maximum Family Income Limits
Income Limits:
Families of 2 or less - $62,760
Families of 3 or more - $73,220
Residence must be owner occupied and located in Jefferson Parish.
*The first time buyer requirement has been dropped
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Orleans Parish Bond Money |
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Orleans Parish Bond Program
5.875% Interest Rate
0% Origination + 1% Discount
4% Assistance to be applied to closing costs
100% Financing Available
Property must be in the Parish of Orleans
Income Limits:
Family of 2 or less: $62,760
Family of 3 or more: $73,220
Purchase Price Limits:
New & Existing Single $289,704
New & Existing Double $370,884
New & Existing Triplex $448,313
New & Existing Fourplex $557,144
Julie Baudier
Mortgage Loan Originator
110 Veterans Boulevard Suite 430
Metairie, Louisiana 70005
Office: |
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Check for Current Programs |
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Louisiana State Bond Money |
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Should be out at the end of the month, March 2007 |
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Julie and Bridgett, her right hand
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Julie Baudier is the New Orleans Bond Money Queen
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Eric Bouler |
Email At: |
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Prudential Gardner |
ericbouler@prodigy.net |
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4509 Vetrans Blvd |
Phone: |
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Metairie, LA 70006 |
(504) 212-0072 | |
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