The amount guaranteed is subject to negotiation between the FDC and the lender. loan guarantees per year and target an average guarantee amount of $250,000 per transaction. â¢ Term: The maximum guarantee term is seven years, and the average term is about three years.
In New Iberia, LA the median home price is $103,400 and $40,117 is the median household income. As a result, the home price to income ratio in New Iberia, LA is 2.6x, which is 17% lower than the Louisiana average.
River Ridge was also one of the most expensive when it came to home pricesâthe median home value here was $244,200. This means the area is highly desirableâunfortunately, it also contributes to a much higher cost of livingâa score of 95, making it one of the more expensive places in Louisiana.