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.
LIH properties generally reserve 20% of their units for families making less than 50% of the Area Median Income (AMI) and 40% for families making less than 60% of the AMI. The current AMI for San Felipe Homes is $60,600 USD. To qualify for housing, your family's combined income should fall below the 60% Income Limit figure. If you qualify for San Felipe Homes, your rent cannot exceed roughly 30% of your monthly income.