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.
For the low cost of $165,000 (or around $200,000 if you are looking to add some extra features) you can build a brand new home on your block of land. Obviously, the more luxurious your home the more expensive it will become. That cost of $165,000 is really a base-line price for a basic home. The majority of 4 bedroom homes we looked at ranged from $200,000 to $300,000 (plus site costs) and the two story homes were in the higher price bracket (around $300,000).