A new issue of Louisiana State bond money is available for homebuyers. The rate is 6.625% and is fixed for 30 years. With this program, borrows get 4% of their loan amount in GRANT money to help with down payment/closing costs. That means you get 4% of the loan amount for free. Income limits are $71,760 for a 2 person household and $83,720 for a 3 or more person household. This program can be used in conjunction with FHA, VA, Rural Development, and conventional loans. If you have remotely considered buying a house then please don't hesitate to call because as always there is a limited amount of money designated for this issue. For more information please message or call me, 985-788-5665, or call your loan officer for more information on qualifying.
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