Home Buying in New Orleans>Question Details

Cr, Home Buyer in New Orleans, LA

Can I get FHA 203K loan and the bond money that the city has to use for closing costs?

Asked by Cr, New Orleans, LA Wed Aug 15, 2012

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I've noticed across the country, particularly in places like Denver and Omaha Soft Second Providers are beginning to allow the 203K with their programs, but I haven't seen any in Louisiana yet.
0 votes Thank Flag Link Wed Feb 6, 2013
You can...if you have a couple years to wait for money and a 48 pack of Tyenol.
0 votes Thank Flag Link Wed Oct 3, 2012
Cr. If you are asking about the City of New Orleans Soft Second program the answer is no. Thats because the home must already be in move in condition and pass inspections. The 203k loan program is for renovating a property and would not qualify.
0 votes Thank Flag Link Sun Aug 19, 2012
Thanks, I talked to a Mortgage consultant at a bank that uses FHA203k, she told me the same. But iI was talking about the finance authority bond program.
Flag Sun Aug 19, 2012
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