Effective today, 100% home purchase financing is now available on the West Bank of New Orleans in every area except Algiers. The USDA has opened up their lending guidelines to include Plaquemines and West Jefferson in the qualifying communities for 100% rural development home loans.
With no down payment required, these 100% home loans provide buyers with an affordable option for purchasing their own West Bank home.
Some of the rules for qualifying for 100% USDA home loans
- Owner occupants only
- 2 year history of adequate and dependable income
- Income limitations apply