HOMEBUYERS FINANCING AVAILABLE
· Finance Authority of New Orleans has new Single Family Mortgage Revenue Bond Program with interest rates as low as 3.25%.
· Compliments the City’s Soft Second Home Loan Program because many first mortgage loans are made at much higher interest rates.
· The low rate will allow more buyers to qualify for homes when they are also eligible for the Soft Seconds.
· But these low interest First Mortgage Home Loans aren’t limited to just first time homebuyers and they also have no household income limitations. The program will serve buyers who don’t qualify for the City’s Soft Second Program and will provide an opportunity to invest in New Orleans single family homes of up to $324,359 at this very low interest rate.
· Visit the Finance Authority website at www.financeauthority.org for more information.
The program can NOT be used to refinance.