The last issue of the year is now available.  This is a State Bond Issue which means it can be used in any of the 64 parishes.    The bond will allow you to buy a home at a reduced interest rate and will give you 4% of the sales price to use towards your closing cost/down payment.  Most of my bond buyers chose the FHA  (3% down payment) or the Rural Developement (no down payment)  and the 4% assistance covers most of the closing cost and prepaid items.  Typically my buyers do not bring any money to the closing table!

Below is a brief breakdown of the criteria for the State bond:

1. FIRST TIME HOMEBUYER RULE IS WAIVED!!!  YOU DO NOT HAVE TO BE A FIRST TIME HOMEBUYER!

2.  HOME MOST BE LOCATED IN THE STATE OF LOUISIANA

2. INCOME LIMITS:  FAMILY OF 2 OR LESS: $67,400 FAMILY OF 3 OR MORE:$78,680

3. MAXIMUM SALE PRICE: $289,704

4. THE COBORROWERS DO NOT HAVE TO BE RELATED, 2 UNMARRIED BUYERS ARE   ELIGABLE

5.  THERE IS NO ORIGINATION FEE

6. THE INTREST RATES ARE: 6.625% FOR 30 YEARS FOR THE ASSISTANCE PROGRAM, 6% FOR 30 YEARS FOR THE LOW RATE PROGRAM

7. FHA, VA, RD AND CONVENTIONAL LOANS ARE THE LOAN TYPES

If you, your friends or family members are interested in purchasing a home and would like to explore the bond money option please contact me ASAP. You can reach me at (225)296-7723or by email at shannon@Judyburkett.com.  Remember; if you call make sure to ask for Shannon Sims.

Also , the Conventional rates are GREAT!!!  The Conventional 30 year rate today is 5.875%!!!!  Now is the time to buy. If you or anyone you know is in the market to buy or sell please give me a call at (225)296-7723 or email me at shannon@judyburkett.com