Tuesday, June 1, 2010

$60,000,000 in Louisiana State Bond Money available!

 

 

 

State

Bond Money Available Now!

For more information or to lock in on this or other great programs, Contact:

Call:665-4399 E-mail:loaninfo@bellsouth.net Apply Online 24/7: www.fcmla.com

2010 A Programs:

Assisted Program

Interest Rate: 4.95% 30 year fixed

3% Assistance towards down payment and closing costs

$48,170,000 allocated on 5/28/2010

Low Rate Program

Interest Rate: 4.45% 30 year fixed

No Assistance

$5,150,000 allocated on 5/28/2010

HOME/MRB Program

Interest Rate: 2.95% 30 year fixed

4.5%-9% Assistance depending on loan amount

$9,000,000 allocated


 

Assistance is available on an equal basis regardless of race, color, familial status, national origin, religion, sex or handicap.


 

LOANS ARE AVAILABLE ON A FIRST-COME, FIRST-SERVED BASIS.

LHFA released $60,000,000 in Louisiana State Bond Money!

  • To be eligible, you cannot have owned a home in the past 36 months. This First-Time Homebuyer rule applies again.
  • We must have an accepted purchase contract to make the bond reservation.
  • Bond can be used with 96.5% FHA, 100% VA or 100% USDA Rural Development options.
  • Subject to underwriting and program qualifications and availability of bond funds.
  • Loans must close by 8/13/2010
  • Assisted and Unassisted income limits are $60,600 with a family of 1-2 people and $69,690 for a family of 3 or more people in Liv/EBR/Asc parishes.
  • HOME/MRB income limits are $33,950 for 1 person, $38,800 for 2, $43,650 for 3, $47,500 for 4, $52,400 for 5 in Liv/EBR/Asc

For more information on State Bond, FHA, VA, Rural Dev or Conventional financing options, Contact Erica Whiddon at:


(225)665-4399

loaninfo@bellsouth.net Apply at www.fcmla.com

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Thank you for your input. If you need anything mortgage, please contact me.
Erica Whiddon
Broker/Owner
First Choice Mortgage, LLC
30891 LA Hwy 16
Denham Springs, LA 70726
Phone 225-665-4399
Fax 225-665-4599
Erica@MyLaMortgage.com
Apply Online www.mylamortgage.com/app