INTEREST RATE NOTICE
Interest Rate Notice Date: 08/15/2022
Type of Loan Mortgage Rate Borrower Assistance*
FHA/VA/USDA-RHS 0.000 3.00%
FHA/VA/USDA-RHS 0.000 4.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred 5.375 0.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred 0.000 3.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred 0.000 4.00%
Fannie Mae Above 80% AMI 6.125 0.00%
Fannie Mae Above 80% AMI 0.000 3.00%
Fannie Mae Above 80% AMI 0.000 4.00%

* Please note on the SMAP program that USDA/RD rates are subject to the USDA Daily Maximum rate limit and may not be available to lock on a given day. Please verify with you lender for availability.

*45 Day Lock to Lender

COMFORT OF HOME PROGRAM
Interest Rate Notice Date: 08/15/2022
Mortgage Rate Borrower Assistance* Type of Loan Income Restrictions**
GOVERNMENT LOANS
5.125% 0.00% FHA, VA, USDA =< $114,520
6.625% 2.00% FHA, VA, USDA =< $114,520
7.125% 3.00% FHA, VA, USDA =< $114,520
0.000% 4.00% FHA, VA, USDA =< $114,520
0.000% 5.00% FHA, VA, USDA =< $114,520
CONVENTIONAL LOANS
5.250% 0.00% Fannie Mae OR Freddie Mac =< $65,440
0.000% 3.00% Fannie Mae OR Freddie Mac =< $65,440
0.000% 4.00% Fannie Mae OR Freddie Mac =< $65,440
0.000% 5.00% Fannie Mae OR Freddie Mac =< $65,440
6.125% 0.00% Fannie Mae =< $114,520
0.000% 3.00% Fannie Mae =< $114,520
0.000% 4.00% Fannie Mae =< $114,520
Rate Lock to Lender: 70 Days*** Purchase by Servicer: 10/24/2022
Purchase Price: 102.00 Lender SRP****: 2.00

Congratulations! Investing in a home is a significant milestone in your life and likely to be your biggest financial commitment, as well as a commitment to your future and quality of life. Taking the steps toward home ownership can be overwhelming, but we’re here to help!

The Jefferson Parish Finance Authority has options for potential homebuyers that include up to 4% in down payment grant assistance, discounted mortgage insurance, and much more.

So, please, don’t let lack of down payment savings or intimidating totals for closing costs stop you from purchasing the home you’ve always wanted. JPFA has solutions for you.

Our programs and funding are immediately available for use. Take a look at our options and details listed below and to find out if you qualify, contact one of JPFA’s approved lenders listed here on our site.