New Orleans Mortgage Information
In some parts of the country, cash sales account for over 50% of homes sold. While that’s not the case in New Orleans, traditional FHA and VA loans have fallen out of favor over the years as prices have increased and sellers are less likely to want to adhere to the strict lending and appraisal guidelines of government backed loans. Here’s a look at some New Orleans mortgage information and how those options are being used to purchase single family homes in NOLA.
Outside of the city, there are still some 100% financing options available, particularly in St. Bernard Parish. If you are interested in buying a home with no down payment, let us explain your options.
Give us a call at 504.327.5303 and we’ll be happy to help.