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.
New Iberia is located at 30Â°0â²13â³N 91Â°49â²6â³Wï»¿ / ï»¿30.00361Â°N 91.81833Â°Wï»¿ / 30.00361; -91.81833 (30.003577, â91.818454) and has an elevation of 20 feet (6.1 m). According to the United States Census Bureau, the city has a total area of 10.6 square miles (27.4 kmÂ²), all land.