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.
The New Orleans region experienced a steady increase in home prices during the years prior to Hurricane Katrina which struck in 2005. From 1994 through 2004, single family homes listed in move-in condition increased in price from an average of $56 per square foot to $100 per square foot.he New Orleans region experienced a steady increase in home prices during the years prior to Hurricane Katrina which struck in 2005. From 1994 through 2004, single family homes listed in move-in condition increased in price from an average of $56 per square foot to $100 per square foot.