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.
However, despite recent rates of appreciation, homes in the New Orleans market are well bellow the national average. The current median home price in New Orleans is $167,100, whereas the national average is $216,567. The lag in New Orleans home prices is the result of a 7.6 percent increase over the past three years.The national average, on the other hand, saw a three-year appreciation rate of 28 percent.On a more encouraging note, three years of appreciation extended a trend of price growth following the downturn.he lag in New Orleans home prices is the result of a 7.6 percent increase over the past three years. The national average, on the other hand, saw a three-year appreciation rate of 28 percent.