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 qualify for this program. 

 

 

 

JULIE BAUDIER

BAUDIER, GRACE & KINLER

110 VETERANS BLVD.

STE. 430

METAIRIELA 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         

                                              

 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

METAIRIELA 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

 

 

 

BAUIDER, GRACE & KINLER

JULIE BAUDIER

110 VETERANS BLVD. STE. 430

METAIRIELA 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

Orleans Parish Bond Money

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

MetairieLouisiana 70005

Office: 

Check for Current Programs 

 

 Louisiana State Bond Money

 Should be out at the end of the month, March 2007

 

Julie Baudier
Julie and Bridgett, her right hand


 
Julie Baudier is the New Orleans Bond Money Queen

 
Walter Eric Bouler
Walter Eric Bouler
Realtor
3332 N. Woodlawn Ave New Orleans LA 70006