New Orleans is famously identified with the Mississippi River, but that's not the only notable body of water found around the Big Easy. Our real estate agents love making convenient getaways to enjoy these incredible lakes near NOLA.
Renovations and keeping your home up-to-date can increase your home's value, not to mention it's a lot more fun to live in an updated house and enjoy those renovations while you live there. But not everyone has money to throw into a renovation, especially if you're planning on moving out afterward. Fortunately, there are many low-budget DIY projects you can do to increase your home's value. Here are a few easy upgrades our real estate agents recommend to get you started.
Making a few choice updates can make a surprising difference in your home's value. Contact us today, and one of our agents will help you decide what DIY projects to focus on.
Change is frustrating for everyone, and our pets are no exception. The turmoil of construction can be terrifying to them when they just can't understand what's happening! Since our real estate agents may recommend some renovations that will increase the value of your home, we want to provide you with some tips to make your animals more comfortable with the process.
If you're thinking about buying one of the beautiful Baton Rouge homes for sale, a VA loan is a great option! These loans come with excellent benefits. They offer flexible credit underwriting and low-interest rates. In addition, buyers using a VA loan won't have to come up with a down payment or carry mortgage insurance (PMI).
A portion of these loans is guaranteed by the U.S. Department of Veteran's Affairs (VA). However, the loans are issued by mortgage lenders and banks. Our real estate agents regularly meet with lenders to learn more about any updates to loan programs and how they could impact their clients.
There have been some changes to VA loans that go into effect in 2021. Here's what you need to know.
Benefits for National Guard Members
The biggest change affects National Guard members. Previously, VA loans were not available to members who did not have at least 90 days of active service.
Beginning in 2021, all Guard and Reserve members who have at least 90 days of service are eligible for a VA home loan, even if the service wasn't active. However, there is one caveat. At least 30 of the days of the service must be consecutive.
Increased Loan Limits
As of 2020, service members with "full entitlement" are not subject to a VA loan limit. You'll have full entitlement if you've never used a VA loan benefit, have paid off a VA loan and then sold the property, or had a foreclosure or short sale and repaid the VA in full.
However, if you have "remaining entitlement," you are subject to a limit. This can occur for several different reasons. The most common is that you have an active VA loan, they're still paying back.
The Federal Housing Finance Agency announced that the upper limit for their loans was increasing in 2021. VA loans follow these guidelines, so all VA loans closing after January 1st, 2021 also have increased loan limits. The new limit for a single-family home located in the lower 48 states is $548,250. This is an increase of 7.4% compared to 2020.
In Alaska or Hawaii, the upper limit is now $822,375. If you're buying a home in a high-cost county, you might also have some extra wiggle room. These areas will have their own limits, which are set on a local basis. This limit may be anywhere from $548,250 and $822,375.
Explore Baton Rouge Homes Today!
Whether you're planning on using a VA loan or another type of financing, now is a great time to buy a new home. There are many beautiful options on the market, and we would love to help you find the perfect one. Contact us today to get started!
Whether you've just purchased one of the beautiful Baton Rouge homes for sale or you've lived in your current home for years, decorating with houseplants can go a long way towards making your space feel homey. Even if you don't have a green thumb, you can still keep beautiful plants in your home!
The key is selecting plants that are hardy and easy to care for. Here are a few of the best starter plants.
Today's real estate industry presents you with many options when it comes to buying and selling Baton Rouge homes for sale. Our REALTORS® want your real estate transaction to be as swift, smooth, and successful as possible. Before you choose to hire a broker or simply conduct the property sale with only an escrow agent, we encourage you to discover the many ways that working with a REALTOR® can benefit you.