URGENT NEWS CONCERNING THE 2007 LOUISIANA STATE BOND PROGRAM!!!
Posted by Shannon Sims at 11/17/2007 8:24 AM and is filed under uncategorized 
Effective 11/15/07, LHFA has announced that some parishes including East Baton Rouge are no longer considered "targeted areas" for the State Bond Program. Effective immediately that means the income limits and sales price limits are LOWER for anyone buying in these parishes. 
Effective 11/15/07, LHFA has announced that some parishes including East Baton Rouge are no longer considered "targeted areas" for the State Bond Program. Effective immediately that means the income limits and sales price limits are LOWER for anyone buying in these parishes. For East Baton Rouge, the following income and price limits now apply:
EBR Income Limits: 1-2 people: $56,200
3 or more people: $64,630
EBRP Acquisition/Sales Price Limits: New or Existing, 1 unit $237,031
West Baton Rouge, Livingston and Ascension Parishes Income Limits (still considered targeted): 1-2 people: $67,440
3 or more people: $78,680
WBR, Livingston and Ascension Parishes Acquisition/Sales Price Limits (still considered targeted): New or Existing, 1 unit $289,704
All of our area is still considered GO-ZONE, therefore the first time home buyer requirement is still waived but we only have the increased income and sales price limits in the "outer lying" parishes now.
IF YOU ARE CURRENTLY UNDER CONTRACT ON A HOME IN EAST BATON ROUGE AND ARE USING THE STATE BOND LOAN FOR YOUR FINANCING BE SURE TO CHECK WITH THE LENDER HANDLING YOUR LOAN TO SEE IF YOU ARE AFFECTED BY THESE CHANGES.
As always, if you or anyone you know is in the market for a home please give me Shannon Sims, The Exclusive Buyer's Agent in Baton Rouge a call at (225)767-1999 or email me at shannnon@judyburkett.com.
Sorry for breaking bad news. Hope you have a great weekend!
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