ebr: 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)
ebr: 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)
ebr: 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)
;)
;)
