New Orleans Mortgage Rates | 2/24/2012

Just a quick update on current mortgage rates in New Orleans.

  • The Fed has indicated that based on economic factors, rates will remain low well into 2014.
  • HUD has brought back the $100 down payment program.  Details on this program can be found here.

Remember loan amount, loan-to-value and credit scores will always play a part in the rate that home buyers qualify for.

All 30 year loans

  • Rural Development 100% financing:  3.875% with 0 points
  • FHA: 3.75% with o points
  • Conventional Loans: 3.875% with o points
  • VA: 3.75%

15 year loans

  • Conventional:  3.25%
  • FHA:  3.75%

This information is courtesy of:

Jeffrey Johnson

Mortgage Consultant
Licensed Loan Originator | Louisiana
NMLS 190523

7611 Maple St| Suite A3 | New Orleans, LA | 70118
Cell: 504.250-7210 | fax: 504.648-3000

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