State Bond Assistance was released this afternoon!
The income limit for a family of 1-2 is $67,920 or
$79,290 for a family of 3 or more.
These income limits are for East Baton Rouge, West Baton Rouge, Livingston, and Ascension parishes.
The rate on the program is 6.99% 30 year fixed and the assistance is 4% of the loan amount. So if you can get 3-5% seller concessions along with the 4% bond assistance, your buyers can get into the property with NO MONEY OUT OF POCKET on FHA financing! Bond can be used in conjunction with Rural Development, FHA, VA or Conventional financing!
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