State Bond Money Update, You can use this for New Orleans Condos!

     State Bond has officially run out of money, but we are putting our clients on the waiting list.  Sometimes leftover bond issues are lumped together and are given to the clients that are on the waiting list.  Recently I had a client who was number 18 on the waiting list and within 4 days he received confirmation of the bond assistance.

Julie Baudier   Baudier & Grace Mortgage   504-583-1793

     The bond money has a limit for income and a limit on the price of the sales price. This has helped many of my clients make the move more affordable.  The 4% feature has been the favorite.  The bond money can be used for closing expenses and the rest can go towards the down payment.  On a $200,000 condo this means $8,000 and its at a competitive rates.  The rates are set when the bonds are priced so it will not vary as long as the bond issue is available.  There is usually a special deal for teachers as well.

New Orleans Lenders

    There is Louisiana State bond money, and Jefferson Parish Bond money. Once in a while Orleans Parish will have one and none will know about it.  This is another reason to start your loan process in advance of looking for that New Orleans Condos.  Buying can be stressful enough so get a good lender like Julie and get started.  This is well worth checking out.  The Bond money and the free tuition for good students at state colleges are two things that many states do not have.  It pays to be a good student and have a good credit score.

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