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