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 above shows an overview of the real estate market in New Iberia, LA. Note how the median home price for New Iberia, LA runs $103,400, which is 26% lower than the average property price for Louisiana. So youâre going to get real estate in New Iberia, LA that is on-average more affordable than what youâll find in the rest of Louisiana.