1)  See the blog post on this site at http://localhost/mbellrealty/new-orleans-bond-money-closing-cost-assistance-and-low-interest-loans/

2) Gather your financial information:

  1. Tax returns and W-2s for the last three consecutive years
  2. Bank statements for the last three months
  3. Pay-stubs for the last three months and financial documents related to all your sources of income:
    • listing of all real estate investments,
    • listing of all investments in stocks and/or bonds,
    • copy of court ordered child support judgement(s), where applicable
    • SSI, DHAP, Retirement income verification documents, where applicable
    • Evidence of other income, where applicable

3) Determine the first mortgage loan amount you can afford. You can do this by:

  • Participating Lender are listed at the bottom of this page.

4) Register with a participating homebuyer training organization certified by the Louisiana Homebuyer Training Collaborative, Inc. and take the required 12-hour homebuyer education and training course.

5) Complete a loan application with a participating lender. Please bring all documents gathered in step two to the participating lender.

6) Negotiate an agreement to purchase a home with the seller of a home. You should seek the assistance of a realtor in negotiating the agreement to purchase.

7) Finalize mortgage application completion with your lender. The lender will review your application, financial documents, etc. and forward it to their underwriter for approval. Simultaneously, your loan file will be forwarded for review and compliance.

8) Receive mortgage loan approval.

9) Close on your mortgage loan.

10) MOVE INTO YOUR NEW HOME!

PARTICIPATING LENDERS

Gulf Coast Bank & Trust
Cheryl Vanderbrook CHERYLVANDERBROOK@GULFBANK.COM 504-841-2011
Christie Powers CHRISTIEPOWERS@GULFBANK.COM 504-841-2858
Dana Blondiau DANABLONDIAU@GULFBANK.COM 504-599-5742
Geoffrey Smith GEOFFREYSMITH@GULFBANK.COM 504-539-7282
Joe Uzee JOEUZEE@GULFBANK.COM 504-841-2896
Marcia Leone MARCIALEONE@GULFBANK.COM 504-556-4232
Sara Fernandez SARAFERNANDEZ@GULFBANK.COM 504-599-5747
Scott Lagarde SCOTTLAGARDE@GULFBANK.COM 504-599-5733
Shawn Rogers SHAWNROGERS@GULFBANK.COM 504-599-5746
Connye Bauer CONNYEBAUER@GULFBANK.COM 504-556-4219
     
Iberia Bank
Carrie Curet CCURET@IBERIABANK.COM 337-359-1575
800-264-7814
Patty Battard PATTY.BATTARD@IBERIABANKMORTGAGE.COM 504-310-7406
Ted Nusenow TED.NUSENOW@IBERIABANKMORTGAGE.COM 504-310-7472
Ronaele Cunningham RONAELE.CUNNINGHAM@IBERIABANKMORTGAGE.COM 504-310-3077
Connie Fernandez CONNIE.FERANDEZ@IBERIABANKMORTGAGE.COM 504-310-2873
Debbie Campo DEBBIE.CAMPO@IBERIABANKMORTGAGE.COM 504-310-2858
     
     
Whitney National Bank
Joyce Kinler JKINLER@WHITNEYBANK.COM 504-539-7853
Kevin Huskins KHUSKINS@WHITNEYBANK.COM 504-366-4883
Frank Moresco FMORESCO@WHITNEYBANK.COM 504-838-6450
Robert Tynes RTYNES@WHITNEYBANK.COM 504-838-6511
Paul Loria PLORIA@WHITNEYBANK.COM 504-539-7866
Mindy Dinicola-Tassin MDINICOLA@WHITNEYBANK.COM 504-619-4214

*All information is based on information provided by the Finance Authority of New Orleans (www.financeauthority.org)