Market Rate GNMA Program

Market Rate GNMA Program This Louisiana down payment program offers 3 percent Louisiana down payment assistance to both first time and repeat home buyers must be part of the FHA, VA or RD federal programs. While a bit restrictive in that sense, qualifying Louisiana borrowers can eliminate the following if they choose this program: Origination or discount fee, potential repayment of soft second mortgage, IRS recapture provision, compliance package, additional bond documents requiring Louisiana borrower’s signature. This Louisiana down payment program is available on one unit properties.

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