Combine FHA & Bond

Combine FHA and Bond and get into a home with very little money.

State bond money with 4% grant can be used for your down payment.

Example:     Sales Price        $200,000                 

         Down Payment      $6000     

     Loan Amt.            $194000

         MIP                          $2910  

        Total Loan Amt.  $196910 

            3% Down Payment         $6000

             Closing                             $2800

     Insurance & Taxes                 $5000

                    Total Cash to Close         $13800         

          Subtract Bond Grant         $7876 

          Seller Contribution            $5500 

        Final Total Cash Needed     $424

Pricipal & Interest   $1218.81  plus insurance, taxes & PMI

Julie Baudier

Baudier & Grace Mortgage

((504) 583-1793

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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA