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.
In Baton Rouge, the state capital, you can buy a two-bedroom home for $117,500 and a three-bedroom home for $150,000. In New Orleans, prices are more volatile, and youâd pay $190,000 for a two-bedroom and $140,000 for a three-bedroom home in an average neighborhood.uture Cost of Living in Louisiana. When considering the cost of living in Louisiana, itâs important to realize that Hurricane Katrina and the BP oil spill, two major disasters in recent years, have severely affected the stateâs economy and placed an enormous burden on the state budget.