Home Loans | Face to Face Realty

Disaster Victims Home Buyer Program

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Do you have Damage from the Hurricane? Renters and Owners can receive a Loan to Buy a Home with No Down Payment.

Benefits of the Program:

  • 100% Financing- No Money Down
  • Flexible Closing Cost Payment Option
  • Approved Condos can be Purchased
  • Purchase in Any Parish or County
  • You have up to ONE YEAR to Find Your Home

Eligibility:

  • Renters and Owners Qualify to Buy
  • Minimum Credit Score of 620
  • Previous Residence (Owned or Rented) must have been located in Disaster Area and be damaged or destroyed
  • Borrower to Provide proof of FEMA Claim and FEMA Number

FINALLY…HOME OWNERSHIP MADE EASY

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Home Ownership

We are happy to announce that Face to Face Realty is working with the Neighborhood Assistance Corporation of America (NACA) to make home ownership a possibility for families. NACA is a national non-profit community advocacy and housing services organization.

As a result of its advocacy, NACA can offer you the BEST MORTGAGE in America with over $10 Billion dollars committed to its home ownership program. The NACA mortgage is a revolutionary product that can be used for:

PURCHASE:

Buying an Existing Home, New Construction, Single or Multi-Family Home, Condo or Co-Op;

PURCHASE and RENOVATION:

Purchasing an Existing Home needing repairs and financing the cost of the renovation;

Here are just some of the reasons why owning a home just became easier:

                                         NO Down Payment

                                         NO Closing Cost

                                         NO Fees

                                         NO Income Limits

                                         NO Perfect Credit

                                         NO Excuse

Take the First Step towards Ownership and Sign up for the Free Workshop:

NEXT WORKSHOP:

Saturday, March 19, 2016

10:00 AM – 2:00 PM

Westbank Regional Library

2751 Manhattan Blvd

Harvey, La 70058

To Reserve a Seat, please call Face to Face Realty at (504)239-8437

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.