Tim Houk

Rural Development Loans in Louisiana-Changing Again Oct 1, 2010

November 3, 2010 by admin · Leave a Comment 

Outside of East Baton Rouge Parish, this is a popular loan, due to : 100% financing, no monthly mortgage insurance, seller can pay up to 6% towards closing costs & Prepaids (property taxes and home owners insurance). Now there is a new flood insurance update that will effect loan submissions: “Effective October 1, 2010, any [...]

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What happend to rural development financing?

August 18, 2010 by admin · 2 Comments 

Here is a good read regarding the program. USDA Rural Housing Program: Where’s the Funding? by Jann Swanson http://www.mortgagenewsdaily.com/08172010_usda_rusal_housing_loans.asp When the USDA ran out of money for its Section 502 guaranteed Rural Housing product in April, the program effectively shut down. At that time it was up to the Congress to appropriate the $150 million [...]

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Tim Houk
Keller Williams Realty RedStick Partners
Services 8686 Blue Bonett Blvd Baton Rouge LA USA Phone:(225) 768-1800
Fax: 225-768-9700
Team Leader: Jon Dupree
Regulatory Jurisdiction: Louisiana
Broker and Associates licensed with the Louisiana Real Estate Commission

Licensed in Louisiana. Each office independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

Equal Housing Opportunity If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed.