New Orleans Condos buyers can get a Federal tax credit of $7500 and Be able to Use State or Parish Bond Money also!

August 18th, 2008 categories: Condo Knowledge

The possible combination of using the Federal Tax Credit and the Parish or Louisiana State Bond money can really be a plus to your condo buy. Lets say you buy a condo for 200k and put 10% down, your loan balance is $180,000. The Bond Issue can give you up to 3% of your loan which is $7200 credit on your sale and will more than cover closing cost with the balance reducing your loan. This is a great way for first time buyers to have some cash left.

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