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.
But perhaps a focus on per-square-foot misses the point, when (most of) the tiny houses cost so much less than regular ones. The national median price of a home for sale March 2014 was $169,800, according to Zillow, $290,000 for new homes, according to the Commerce department.