Jefferson Parish Bond Money 2010
Its a big Bonus !

    Jefferson Parish has just come out with the details of the latest Bond issue for Jan 2010.  Seem like a great deal if you need some assistance.  It can be used with FHA, Conventional Loan, Va for homes or condos.  This can be used with the $8000 tax credit, you can get both. Need not be a first time buyer to qualify for Jefferson Parish Bond Money. 

    Why think about this? Need help with closing then you may want to think about it. On a two hundred thousand dollar loan its $6000 of you closing paid for you.  Then get the $8000 credit on your taxes.  The amount of money is limited so think early.  Need an accepted contract to lock in your rates.  Best deal in several years.


 5.35% Interest Rate for 30 years
1% Origionation Fee Plus 0% Discount points

4% Assistance to be applied to closing cost and or prepaids
Property to be in Jefferson Parish

Income Limits

Family of 2 or less $71,760
Family of 3 or more $83,720

Purchase Limits $316,177


 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

 

 

 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

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

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