Archive for the ‘100% Financing’ Category

Louisiana Mortgage Associates Keeping Up With the Changes

February 9, 2011

Keeping up with the changes in the mortgage industry and lender requirements can be challenging. Bobby Jo Landry, Craig Boudreaux and Phillip Porche, Loan Officers  with Louisiana Mortgage Associates, stopped by Century 21 Mike D. Bono & Co.’s to share with REALTORS the changes taking place in the loan process.  We all want and need to understand the loan process so we can work together and assist our  buyers as a team!

If a client does not meet the guidelines for a particular loan product due to credit score, Louisiana Mortgage Associates can work with the client to raise their score with a credit simulator program. Don’t let your dream of home ownership diminish because you have been turned down due to your credit score.

Do you have questions about FHA, Rural Development, VA or Conventional loans? What about Mortgage Insurance Premiums, Closing Cost Contribution, Gifts, City Grants and how loans are structured?

Louisiana Mortgage Loan Officer, Craig  Boudreaux is very knowledgeable and his passion for helping buyers shows.  Got questions ??? Give Craig a Call at Louisiana Mortgage Associates 337-661-1741.  He will take time to speak with you and explain the options you have when applying for a home mortgage.

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100% Home Financing Available in Westlake

January 24, 2011

Westlake LA Real Estate

Heading “West” from Lake Charles, Louisiana, you will find the City of Westlake, Louisiana. As a matter of fact, once you take the “Westlake” Exit off of I-10 you will be greeted by this HUGE sign that says Welcome to Westlake!  Sampson Street is the Main Street that runs through the City of Westlake.

Westlake Real Estate

Westlake is a small Louisiana community but it boasts  a new public 18 hole 72 Par Golf Course, The  National Golf Club of Louisiana and also offers residents a wonderful recreational venue with Pinederosa Park. Westlake is also home to The Isle of Capri Casino.

What makes Homes For Sale in Westlake attractive to Home Buyers is the fact that Westlake Homes For Sale is a  eligible region /area for Rural Development 100% Financing.

There are currently 43 Homes For Sale in Westlake, LA.

Westlake is  just one of many nearby areas in Calcasieu Parish where I sell real estate. You can search Westlake Homes for Sale on my Lake Charles Real Estate website.

Westlake Real Estate

 

Lagniappe Living in Lake Charles Copyright 2011 Marilyn Boudreaux

Oh Happy Day, My Buyers Got a Check At Closing!

July 27, 2010

I love smiles and happy occasions.    There is such an excitement with first time homebuyers and this is the joy I share  as a REALTOR-witnessing  my Buyer’s Happy Closing Day!  Its even better when you can get into a home with 100% financing and the icing on the cake is leaving closing with a check.

Corbellos

In today’s tough market and ever changing mortgage industry, we are always glad to see a deal go all the way to through to the finish line!  While other parts of the country have exhausted USDA funds we here in Calcasieu Parish are still enjoying the benefit of Rural Development Financing Calcasieu Parish had USDA funds replenished due to the storms we experienced in this area, so USDA loans are alive and well and one of the most popular loans for buyers who qualify.

Sometimes everything just seems to fall into place when you are working with your Buyers.  This young couple had done their homework and that made finding them a house easy!  They met with  their loan officer, Craig Boudreaux of Louisiana Mortgage Associates before beginning their search so they knew exactly how much they could afford and what type of loan they qualified for.

After a hot weekend of looking at the choices and viewing what was available,  they decided to make an offer on a nice 3 year old home. We wrote our contract June 21 with Act of Sale date to be July 23.  After an accepted counter on 6/22 I prepared them for a full 30 day process and we moved on to the next phase conducting our inspection on 7/2.  Before the 14 day inspection period had lapsed, Craig notified me that the loan had  already cleared underwriting and he had a commitment letter from USDA and we could close! WOW, this is just kind of unheard of with USDA loans, they are all manually underwritten and have to be signed off by the regional USDA office after clearing underwriting.  This was amazing news and I was sure that the selling agent and the seller would be just as thrilled.

Unfortunately the Seller would not agree to closing early and the Seller asked for an extension until July 26th.  That was a bit unusual these days as it is usually the Buyer asking for the extension due to waiting  on the final loan approval!

Seeing the Buyer’s excitement after patiently waiting to finally close was priceless. Because they were able to obtain 100% financing and have all their closing costs paid–they walked away from the closing with $343.18 (which was the difference left from their initial $500.00 deposit)  Now that makes for an awesome closing and an Oh So Happy Day!

corbellos

If you or someone you know is looking to purchase a home within Calcasieu Parish, give me a call MARILYN BOUDREAUX 337-499-9592 or start your search here! I match people with properties!

DeQuincy, Louisiana A Small Town With A Big Heart!

July 6, 2010

DeQuincy, Louisiana in Calcasieu Parish

DeQuincy

DeQuincy, Louisiana is located about 20 miles North of Lake Charles and Sulphur, Louisiana.  This community may be small  with a population of a little over 3,000 residents however,  every community always has real estate for sale!  That was my purpose for recently driving up to DeQuincy.  The cute cottage home I  recently listed for sale in DeQuincy at 533 Corley St. has gone under contract and I traveled to DeQuincy to meet my buyers for their inspection over the weekend.

533 Corley

Many residents who live in DeQuincy work in neighboring cities (Lake Charles-DeRidder, Louisiana) and because Southwest Louisiana closely borders Texas, there are residents who commute to Orange and Port Arthur, Texas to work.  Many just choose to live in the City of DeQuincy because it is a small city with charm much like Main Street USA across our nation.

Mayberry

As a matter of fact DeQuincy kind of reminds me of the of the TV Show Mayberry RFD and I keep expecting to see characters like Sheriff Taylor, Barney, Goober, Floyd the Barber, and Aunt Bee when I visit! (I know that they exist somewhere in the City of DeQuincy) The hot spot in DeQuincy isn’t the  Diner like featured in Mayberry, but rather the Dairy Queen!

DeQuincy, Louisiana is probably best known for the DeQuincy Railroad Museum.  The City of DeQuincy has a big event in the Spring during the month of April where they celebrate Railroad Days. (thats the topic of another Blog post!)

DeQuincy

If you are searching for homes in the DeQuincy Louisiana or surrounding Southwest Louisiana area, give me call, MARILYN BOUDREAUX 337 499 9592. I LIST and SELL real estate in Calcasieu, Beauregard, Cameron and Allen Parishes!

As a matter of fact I currently have 3.25 Acres of Vacant Land listed for sale on Henry Robertson Road in DeQuincy, Louisiana. (MLS#109825)  If you are looking for a spot to build that dream home and  love the charm of a small city with one elementary, middle and high school, then you don’t want to miss this property on Henry Robertson Road listed at $41,500!

Home for Sale in Brass Landing-Qualifies for 100% Financing

July 2, 2010

Home for Sale at 6859 Gold in Brass Landing:Southeast Lake Charles, LA

6859 Gold Home For Sale in Lake Charles

6859 Gold Home For Sale in Lake Charles

Qualifies for 100% Rural Development Financing!

Spacious Home with 2,261 sq ft Living- 2,989 Sq Ft. Total

Oversized Lot-Many Custom Features

4 Bedrooms 2 1/2 Baths

$255,000

Call MARILYN BOUDREAUX for your private tour of this great home in Southeast Lake Charles ! 337-499-9592