bond loans: Update on the Bond Money
- 11/14/08 08:01 AM
LHFA (the agency that handles the bond loans) met this morning and below are the notes from a lender who attended: Shannon, According to the meeting I attended for LHFA Bond this morning, the 2008B Bond Issue will be available the last week of November or the 1st week of December. It is anticipated to go very quickly, probably less than 48 hrs. We must have executed purchase agreements by all parties to send in reservations to LHFA as soon as it is released. So you need go shopping for houses ahead of time!! If you wait for the money to … (2 comments)
bond loans: Bond Money Now Available in Louisiana!
- 09/16/08 08:26 AM
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 … (3 comments)
bond loans: Join Shannon Sims for an informative and free buyer's seminar August 10th, 2008!
- 07/28/08 05:16 PM
Earlier this year I hosted my first home buyer seminar; "Home Buying 101". It was such a great success that I have decided to do a second one! The next seminar is planned for August 10,2008 from 10:00 a.m. Until 12:00 p.m. If you or anyone you know would like to attend please contact me at (225)296-7723 or by email at shannon@Judyburkett.com. Space is limited so please reserve your seat as soon as possible! We will cover a range of topics including financing options and the process involved in selecting and purchasing a home. I hope to see you there! Remember, … (0 comments)
bond loans: Bond Money Update: I have a lender partner with a little(and I mean a little) bond money still available!
- 05/27/08 10:05 AM
This will be short and sweet! As you may be aware there is currently no bond money available in our area. However, I have a lender partner that has a little (and I mean a little) bond money left. If you or anyone you know is in the market to buy a home and needs 100% financing, give me a call or email ASAP. This funds are limited and will go fast. You can contact me at (225)296-7723 or shannon@judyburkett.com For requirements and general information on the bond program, you can check out my blog post about it here: Shannon's Blog on … (2 comments)
bond loans: URGENT NEWS CONCERNING THE CURRENT 2007 LOUISIANA STATE BOND PROGRAM!
- 11/17/07 12:08 AM
Effective 11/15/07, LHFA has announced that some parishes including East BatonRouge are no longer considered "targeted areas" for the State Bond Program. Effective immediately that means the income limits and sales price limits are LOWER for anyone buying in these parishes. For East Baton Rouge, the following income and price limits now apply: EBR Income Limits: 1-2 people: $56,200 3 or more people: $64,630 EBRP Acquisition/Sales Price Limits: New or Existing, 1 unit $237,031 West Baton Rouge, Livingston and Ascension Parishes Income Limits (still considered targeted): 1-2 people: $67,440 3 or more people: $78,680 WBR, Livingston and Ascension Parishes Acquisition/Sales Price Limits (still considered targeted): New or Existing, 1 unit $289,704 All of our … (0 comments)
Interest Rate: 6.25% for 30 years Loan Types: Conventional,FHA,VA or RD Income Limits: 1-2 people: $67,440 3 or more: $78,680 Sales Price Limit: $289,704 Misc Info: This loan will give the buyer assistance equal to 4% of the sales price. This assistance can be used towards downpayment, closing cost and prepaid items. You DO NOT have to be a first time homebuyer!!! The Bond Authority has only issues $4,000,000 for the entire … (4 comments)
bond loans: I have GREAT news for anyone interested in Louisiana State Bond Money Loans!
- 09/17/07 12:09 AM
In an effort to keep buyers in the Baton Rouge housing market updated, I am ELATED to announce that the Louisiana Housing Finance Authority (LHFA) released a memo on 9/14/2007 announcing the rerelease of funds for the Louisiana State Bond Program. This is money that was reserved for sales that did not close within the alloted period of time.
The terms and conditions are the same as in my earlier posts concerning Bond Money: You do not have to be a first time homebuyerYou can go either FHA,VA or Conventional loansThe interest rates are reducedIf you qualify the bond will give you 4% … (1 comments)
I have it on very good authority that the LHFA (Louisiana Housing Finance Authority) will be releasing the next state bond issue this coming Tuesday! That is much sooner then was earlier anticipated!
While the interest rate is still a mystery(rumor has it at about 6.25% for the assisted program) the guidelines and the qualifications are not. The guidelines will be the same as the last issue. This is the link to my blog concerning qualifications for the bond loans. So in summary, if you are in the market for a new home in the Baton Rouge area, … (3 comments)
bond loans: New Louisiana State Bond Issue released March 16,2007-No longer only for first time homebuyers!
- 03/30/07 07:24 AM
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)
LHFA (the agency that handles the bond loans) met this morning and below are the notes from a lender who attended:;)
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