New Louisiana State Bond Issue released March 16,2007-No longer only for first time homebuyers! - 03/30/07 02:24 PM
The long awaited LHFA State Bond program has finally been released!  A total of $103,855,247.00 in funds are allocated for this issue.  While this is a major increase in funds that are available; the demand will still be great for the bond money and time is still very much of the essence!
Just as in the Louisiana bond programs for 2006, the Greater Baton Rouge area is still considered a targeted area due to the effects of Hurricanes Katrina and Rita.  Other Katrina/Rita affected areas include the 37 parishes below St. Landry Parish.
As a Targeted area the following changes apply to bond loans … (3 comments)

What flood zone is your new home located in? - 03/22/07 09:59 PM
"Shannon, I DO NOT want to look at any homes that are located in a flood zone!!"  Boy, if I had a dollar for every-time a buyer uttered those words to me......
 The truth is; every piece of real estate located in the U.S. is in a flood zone.  The question is which one is your new home in the Baton Rouge area located in?
In the Greater Baton Rouge, Louisiana area, the most common flood zone classifications are:
FEMA Flood Zone A-  Zone A is the flood insurance rate zone that corresponds to the 100-year floodplains. Mandantory insurance purchase requirements apply.  This is the flood zone that DOES … (3 comments)

Breaking News: The East Baton Rouge Parish Bond money is now available!! - 03/14/07 05:07 PM
If you are considering buying  REAL ESTATE IN BATON ROUGE LOUISIANA now there is yet another incentive.  The East Baton Rouge Mortgage Finance Authority(EBRMFA) recently released the first bond issue of 2007.  The advantages of this program are:
5.875% INTEREST RATE FOR A 30 YEAR FHA LOAN OR 6.0% INTEREST RATE FOR A 30 YEAR CONVENTIONAL LOAN4% OF SALES PRICE IN DOWN-PAYMENT ASSISTANCE!Unlike issues in the past you DO NOT have to be first time home-buyer to take advantage of the bond loans.  The income and housing limits are much higher this time also.  Below are the qualifications:
Income Limits
1-2 Person Households- $67,440
3-4 … (6 comments)

Important reminder about daylight savings time-don't forget your smart phone! - 03/10/07 05:35 PM
I received the following email from Verizon this afternoon:
 "Please note that Daylight Savings Time is going to take place 3 weeks earlier and end 1 week later this year as a result of the Energy Policy Act that Congress has passed.
Daylight Savings Time will begin on Sunday March 11, 2007 and will end on November 3, 2007.
Although the Verizon Wireless network is ready to seamlessly support the change, you may be required to update your device if you use a BlackBerry®, PDA or Smartphone running Palm® OS or Windows Mobile®."
Cingular in Baton Rouge is already experiencing some type of … (5 comments)

 

Shannon Sims

Baton Rouge, LA

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Judy Burkett Realtors

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