If you are considering buying  REAL ESTATE IN BATON ROUGE LOUISIANA now there is yet another incentive.  The East Baton Rouge Mortgage Finance Authority(EBRMFA) recently released the first bond issue of 2007.  The advantages of this program are:

• 5.875% INTEREST RATE FOR A 30 YEAR FHA LOAN OR 6.0% INTEREST RATE FOR A 30 YEAR CONVENTIONAL LOAN
• 4% OF SALES PRICE IN DOWN-PAYMENT ASSISTANCE!

Unlike issues in the past you DO NOT have to be first time home-buyer to take advantage of the bond loans.  The income and housing limits are much higher this time also.  Below are the qualifications:

Income Limits

1-2 Person Households- $67,440

3-4 Persons Households- $78,680

House Price Limits

FHA- $201,650

Conventional- $289,704

You must buy a home in East Baton Rouge parish and the funds are limited so TIME IS OF THE ESSENCE!!!.

For more information on the bond program please contact Shannon Sims at (225)296-7723 or e-mail at shannon@judyburkett.com.