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.
Across the eight-parish metro area, homebuyers last year paid an average $222,440 for a house, $110 per square foot, up 3.9 percent from 2012. More than 11,160 homes were sold, the highest rate since the 12 months prior to Katrina, when more than 12,000 homes sold, according to the report.cross the eight-parish metro area, homebuyers last year paid an average $222,440 for a house, $110 per square foot, up 3.9 percent from 2012. More than 11,160 homes were sold, the highest rate since the 12 months prior to Katrina, when more than 12,000 homes sold, according to the report.