July, 2015 | Face to Face Realty

Expand To Home Ownership Grant Program

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The Finance Authority of New Orleans is a governmental agency created to help citizens get low interest mortgage loans to purchase homes in Orleans Parish. Their low interest mortgage loan programs serve both first time homebuyers and non-first time homebuyers of all family income levels.

The “Expand to Homeownership” Grant Program is designed to help New Orleans homebuyers with down payment and closing costs when purchasing a home. This program provides a Grant of up to 4% of the loan amount. All mortgages are fixed rate 30-year loans. Borrowers must occupy the home as their principal residence.

  • No repayment is required for assistance received
  • Servicing borrowers with incomes up to $84,000 (140% of 2014 area median incomes)
  • Maximum mortgage loan: $271,050 for FHA, $417,000 for VA or Conventional
  • Must qualify for a mortgage loan with a participating lender
  • This program is not limited to “first-time homebuyers”
  • First-time buyers must complete 12-hour Homebuyer Education Class

How it Works: If your loan amount is $150,000

OPTION 1 offers a 4% GRANT $150,000 x 4% = $6,000
OPTION 2 offers a 3% GRANT $150,000 x 3% = $4,500
(OPTION 1 will carry a higher mortgage interest rate than OPTION 2)

To apply for the program and to receive more detailed information on qualifying, contact a Face to Face Realty agent at (504)239-8437.

St. Bernard Parish Home Mortgage Authority Soft Second Program

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The Pathway to Homeownership is closer than you think.

The St. Bernard Parish Home Mortgage Authority is taking applications for a CDBG Soft Second Mortgage Program that offers Homebuyer’s a soft second loan of 20 percent of the purchase price up to $30,000 and 0% interest rate and no monthly payments and a grant of up to $5,000 for closing costs and down payment assistance on a need basis.

The soft second mortgage will be forgiven after the Homeowner has met the requirements of the Program and has lived in the home for five (5) years.

Maximum Purchase Price – $200,000.00

Minimum Required Homebuyer Investment

1% of Purchase Price or $1,000, whichever is greater

Eligible Participants

  • First time homebuyers that meet the household incomes and purchasing a principle residence in St. Bernard Parish.
  • An individual who has had no ownership in a principle residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers).
  • A single parent who has only owned with a former spouse while married.
  • An individual who is displaced/divorced homemaker and has only owned with a spouse.

Household Size               Income Limits

1                                       $50,400
2                                       $57,600
3                                       $68,800
4                                       $72,000

To apply for a mortgage loan under this Program or receive more detailed information on qualifying, contact Face to Face Realty at (504)239-8437.

Christian Louboutin Giveaway

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Christian Louboutin Giveaway Contest Rules

As a Thank You to our 10k Instagram followers we want to give away a brand new pair of Christian Louboutin shoes to one lucky follower.

To Enter For A Chance To Win:

  1. Follow @Face2FaceRealty on Instagram
  2. Like This Post
  3. Tag 5 Friends
  4. Comment With Your Email Address

No Purchase Necessary. We will email the winner on July 31, 2015 to confirm the winner’s shoe size, style preference, and shipping address. Must be 18 years or older and live in the USA to be qualified to win. Please allow 6-12 weeks for delivery. The winner is required to post photo of their winnings on Instagram tagging @face2facerealty in the photo and using the hashtag #F2FRealty. If you have any questions or concerns please send all inquiries to Marketing@FaceToFaceRealty.com