The Home Buyer's Korner

Information presented should be used for educational purposes only.

February 28th, 2015

Guy looking up in color

GREATER KENNER/JEFFERSON PARISH LOUISIANA

The Home Buyer’s Korner

Google+ RE Community

Google+ Mortgage Lender Community

Google+ General Contractor Communities

Down Payment Assistance

nillionaire

The days government assistance programs aren’t as easily found as they were a few years ago, but homebuyers can still get mortgages with little to no money down if they know where to look.

From down payment assistance grants to interest-free second mortgages and other special mortgage programs, there are a number of options for home buyers who want to buy a home without a down payment.

You still need to have decent credit and all of your income has to be thoroughly documented.

Often, potential home buyers have what it takes to qualify for a mortgage but haven’t managed to save enough for a down payment or simply don’t want to spend all of their savings on a down payment. Meanwhile, money from the many types of down payment assistance programs, available through state and local housing agencies, goes unused because home buyers think they don’t qualify for help.

When you think of down payment assistance, you think of would-be home buyer that are income challenged, but these are not just for low-income folks. They are for working people who make a decent income, but don’t have enough to save for a down payment.”

Home buyers can earn as much as 120 percent to 140 percent of the median area income and still qualify for some down payment assistance programs.

For instance, that median income for New Orleans is $26,131 and would-be home buyers can often qualify for down payment assistance, soft seconds and grant whose income is 31,357 or less a year for a single person. Higher incomes levels are available for families.

To find down payment assistance programs available in New Orleans your best resources will come from a real estate agent who works with first time home buyers and your mortgage lenders.

We’ve provided a few resources you should contract to find out what is available:

American Dream 

Down Payment Resource

NeighborhoodWorks

Louisiana Housing Corporation

Louisiana Recovery Authority 

Jefferson Parish

City of Kenner

VISIT OUR JEFFERSON PARISH “HOMES FOR SALE” BOARDS

Livingston Homes for Sale

FIND HOMES THROUGHOUT JEFFERSON PARISH

HUD $100 DOWN PAYMENT HOMES IN JEFFERSON PARISH

USDA RURAL DEVELOPMENT HOMES IN JEFFERSON PARISH

FIND FORECLOSURES IN KENNER & JEFFERSON PARISH

FIND MORE FORECLOSURES IN KENNER & JEFFERSON PARISH

LOUISIANA HOME OWNERSHIP TOOLS

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen you will

have the option to “Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

FNMA HomeStyle FNMA My Community Mortgage FHA One-Time Close Construction Portfolio or VA home loan Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Condominiums Co-OpsTownhomes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders Federal Credit Unions Community Bankers Avondale Avondale Homes Estates Glen Della Estates J S Brady Estates J S Brady Annex Estates Kennedy Heights Estates Nolamotorsports Park Estates South Avondale Homes Estates Steeplechase Estates Washington Place Estates Elmwood  Harahan  Anna Terrace Estates Cypress Bend Estates Cypress Ridge Estates Elmwood Oaks Estates Elmwood Plantation Estates Elmwood Plantation East Estates Grove Park Estates Harahan City Estates Harahan Oaks Estates Haydel Estates Hickory Ridge Estate Imperial Woods Imperial Woods Estates Jefferson Ct Estates Jefferson Heights Estates Macque Estates Markham Heights Estates Marsiglia Park Estates Renfold Place Estates River Oaks Park Estates Riverside Park Estates Kenner Aqua Vista Estates Audubon Estates Avant Garde Estates Avant Garde Condominiums Bainbridge Estates Beachview Estates Beachview Heights Estates Briarwood Estates Cannes Brulee Estates Chateau Estates Chardonnay Village Estates Chateau Lakefront Estates Driftwood Estates Driftwood Park Estates Gabriel Estates Grandlake Estates Grandlake Garden Homes Estates Greater Holly Height Estates Greenlawn Terrace Estates Greenlawn Trace Estates Highway Park Estates Highway Park North Estates Holly Heights Estates Imperial Heights Estates Jones Park Estates Kenner Estates Kenner Heights Estates Kenner Project Estates Kenner Airport Estates Lake Trail Estates Lake Trail Estates Lake Vista Estates Lake Vista ofJeffes Estates Lemans Village Estates Lesan Addition Estates Lesan Subdivsion Estates Lincoln Manor Estates Lisa Park Estates Louisiana Trace Estates Morningside Park Estates Oakland Plantation Estates Palm Vista Estates Place Pontchartrain Estates Pollock Place Estates Redwood Park Addition Estates River Town Estates Seton Parc Estates South Lake Village Estates Southlake Estates Southland Estates Sunset Estates Susan Park Estates Susan Park North Estates Susan Park Subdivison Estates University City Estates Veterans Heights Estates Washington Estates West Lake Estates Westgate Estates Westwood Estates Wood Lake South Estates Woodlake Estates River Ridge Armbuster Estates Charlotte Park Estates Christina Plantation Estates Cypress Bend Estates Hazel Addition Estates Hazel Place Estates Hennessey Court Estates Highland Estates Highland Acres Estates Hyde Park Estates Le Normand Park Estates Own Your Own Estates Paradise Manor Estates River Ridge Estates Rural Park Estates Sharla Park Estates Trudeau Estates Upstream Estates Wagner Park Estates Waggaman Coteau Uchene Estate Forest Acres Estates Foret Estates Foret Addition Estates Live Oak Estates Live Oak Manor Estates Live Oak Plantation Estates Modern Farms Estates South Kenner Estates

Join us at Real Estate Social

Comments are closed.