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Louisiana First Time Home
Buyer
 Louisiana
is starting to re-build after Hurricane Katrina and FirstHomeBuyers is proud to
offer a special program to help victims of Katrina. Believe it or not, Baton
Rouge and New Orleans are two of the fastest growing areas in the United States.
Also, Money Magazine has named Baton Rouge, New Orleans, Bossier City, Kenner,
Lafayette, Lake Charles, Metairie, Monroe, and Shreveport in the 100 best places
to live in America.
Here are some of highlights of the Katrina 203(h) Disaster Victims Program:
This program is available only to individuals or families whose residences,
whether owned or rented, located in a Presidentially-declared disaster area were
destroyed or damaged to an extent that reconstruction or repair is necessary.
100% Financing available on 30 year fixed, 3/1 and 1 year ARMs
Deadline for applications for those areas affected by Katrina has been extended
until September 30th, 2007
If the credit report indicates satisfactory credit prior to the disaster and any
derogatory credit subsequent to that date related to the effects of the
disaster, FHA will consider, for its underwriting standards, that the borrower
is a satisfactory credit risk.
Special
Programs
Home Opportunities First Time Home Buyer Program Opens Doors for a New York
Fireman, Police Officer, Paramedic, Teacher, and health care worker such as Nurse.
This program features 100% financing with no income restrictions and the credit
score requirement is only 600. Also, you can have stated secondary income from
side job which you don't have to verify. In addition, higher than normal debt to
income ratios are allowable, up to 50%. Finally, we are offering a $500 credit
toward closing costs.
FHA Loans
You may want to consider an FHA loan which requires 3% down payment but
there are maximum loan limits which are stated for some of the counties below.
You don't need excellent credit to qualify and you can utilize down payment
assistance to qualify. Please visit
FHA mortgage limits
if your county doesn't appear below. Finally, if you intend to purchase a condo
then the building must already be on the
FHA approved list.
| City/MSA Name
|
County Name
|
One-Family |
Two-Family |
Three-Family |
Four-Family |
| CROWLEY, LA
(MICRO) |
ACADIA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
ALLEN |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA (MSA)
|
ASCENSION |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| PIERRE PART, LA
(MICRO) |
ASSUMPTION |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
AVOYELLES |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| DE RIDDER, LA
(MICRO) |
BEAUREGARD |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
BIENVILLE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| SHREVEPORT-BOSSIER
CITY, LA (MSA) |
BOSSIER |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| SHREVEPORT-BOSSIER
CITY, LA (MSA) |
CADDO |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| LAKE CHARLES, LA (MSA)
|
CALCASIEU |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
CALDWELL |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| LAKE CHARLES, LA (MSA)
|
CAMERON |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
CATAHOULA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
CLAIBORNE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NATCHEZ, MS-LA
(MICRO) |
CONCORDIA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| SHREVEPORT-BOSSIER
CITY, LA (MSA) |
DE SOTO |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA
(MSA) |
EAST BATON ROUG |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
EAST CARROLL |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA
(MSA) |
EAST FELICIANA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
EVANGELINE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
FRANKLIN |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| ALEXANDRIA, LA
(MSA) |
GRANT |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW IBERIA, LA
(MICRO) |
IBERIA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA
(MSA) |
IBERVILLE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| RUSTON, LA (MICRO)
|
JACKSON |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW
ORLEANS-METAIRIE-KENNER, LA (MSA) |
JEFFERSON |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| JENNINGS, LA
(MICRO) |
JEFFERSON DAVIS |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
LA SALLE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| LAFAYETTE, LA
(MSA) |
LAFAYETTE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| HOUMA-BAYOU
CANE-THIBODAUX, LA (MSA) |
LAFOURCHE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| RUSTON, LA (MICRO)
|
LINCOLN |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA
(MSA) |
LIVINGSTON |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| TALLULAH, LA
(MICRO) |
MADISON |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BASTROP, LA
(MICRO) |
MOREHOUSE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NATCHITOCHES, LA
(MICRO) |
NATCHITOCHES |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW
ORLEANS-METAIRIE-KENNER, LA (MSA) |
ORLEANS |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| MONROE, LA (MSA)
|
OUACHITA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW
ORLEANS-METAIRIE-KENNER, LA (MSA) |
PLAQUEMINES |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA (MSA)
|
POINTE COUPEE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| ALEXANDRIA, LA (MSA)
|
RAPIDES |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
RED RIVER |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
RICHLAND |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
SABINE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW
ORLEANS-METAIRIE-KENNER, LA (MSA) |
ST. BERNARD |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW
ORLEANS-METAIRIE-KENNER, LA (MSA) |
ST. CHARLES |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA (MSA)
|
ST. HELENA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
ST. JAMES |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW
ORLEANS-METAIRIE-KENNER, LA (MSA) |
ST. JOHN THE BA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| OPELOUSAS-EUNICE,
LA (MICRO) |
ST. LANDRY |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| LAFAYETTE, LA (MSA)
|
ST. MARTIN |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| MORGAN CITY, LA
(MICRO) |
ST. MARY |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NEW
ORLEANS-METAIRIE-KENNER, LA (MSA) |
ST. TAMMANY |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| HAMMOND, LA
(MICRO) |
TANGIPAHOA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
TENSAS |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| HOUMA-BAYOU
CANE-THIBODAUX, LA (MSA) |
TERREBONNE |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| MONROE, LA (MSA)
|
UNION |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| ABBEVILLE, LA
(MICRO) |
VERMILION |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| FORT POLK SOUTH,
LA (MICRO) |
VERNON |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BOGALUSA, LA
(MICRO) |
WASHINGTON |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| MINDEN, LA (MICRO)
|
WEBSTER |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA (MSA)
|
WEST BATON
ROUG |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
WEST
CARROLL |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| BATON ROUGE, LA (MSA)
|
WEST
FELICIANA |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
| NON-METRO
|
WINN |
$200,160 |
$256,248 |
$309,744 |
$384,936 |
VA Loans
A VA loan is designed for a veteran or active military personnel. Zero down
payment is required and the loan limit is now $417,000. WestAmerica Mortgage Company
is a VA Endorsed Lender and we can get you pre-approved and email you a
preapproval letter in minutes. You can have less than perfect credit and still
qualify for a great rate so take advantage of your VA loan eligibility today.
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