Home Buyer Grants for Louisiana Have you heard of the NHF Platinum Program? The NHF program provides home buyer grants for Louisiana borrowers. The program is offered by the National Homebuyers Fund which is designed to increase home ownership opportunities for low-to-moderate income individuals and families in multiple states. The fund provides Down Payment Assistance (DPA) in several states now, including Louisiana! And remember, these are home buyer GRANTS, not a 2nd … [Read more...]
Changes To Flood Insurance Rates – Will Your Rate Increase?
Many local homeowners will be seeing changes to flood insurance rates in 2015 and 2016. The changes became effective on April 1, 2015 and will be applied to the next renewal of your flood insurance policy. These changes are increasing rates for many homeowners in the area, but don't be alarmed unnecessarily. We have all the details covered below. If you have questions about these changes or how these changes will affect the value of your property, contact us at 985.502.9707 or click here to send us a … [Read more...]
Avoid Mortgage Insurance With a “Piggyback”
Home Buyers with a 10% down payment can avoid mortgage insurance. Local Lenders in the New Orleans area are now offering several "piggyback" loan options that allow you to avoid mortgage insurance with a down payment as little as ten percent. Benefits of a Piggyback Mortgage: Avoid mortgage insurance Avoid JUMBO rate pricing No closing costs on the 2nd mortgage How it works: The mortgage is split into two loans, a 1st mortgage and 2nd mortgage closed simultaneously. Example: $250,000 sales … [Read more...]
No Down Payment Financing in Slidell, Mandeville, and Covington – All of St Tammany Parish Now Eligible!
No down payment - 100% financing in St Tammany No penalty for pre-payment Maximum income limits apply All of St Tammany Parish is now eligible Less up front cash required vs. FHA loans 640 Minimum Credit Score This is a great loan option for Buyers looking to purchase a home. Why continue renting when you can own a home for less than your monthly rent payment? No Down Payment Financing in Slidell, Mandeville, Covington, Madisonville, Pearl River, Abita Springs, and Lacombe Rural Development Financing … [Read more...]
First Time Home Buyer Grant Money Now Available in St. Tammany
St. Tammany Parish Soft Second Program Provides 100% Financing - First Time Home Buyer Grant Program First time home buyer grant money is now available to assist buyers with purchasing their dream home in St. Tammany Parish. A qualified purchaser will receive a Soft-Second Loan for 20% of the purchase price up to $30,000 available for down payment and up to $5,000 for closing cost based on need. Maximum Purchase Price $200,000 for qualified home buyers to purchase a new or existing home for Single family or 2-unit … [Read more...]
