1051 Orange Blossom Lane

Description

Brand New 3 bedroom, 2 bath Home in the heart of Jefferson that you can own for less than it costs to rent. Sounds too good to be true? Think there has to be a catch? That's not the case - this is a great property that qualifies for special financing through USDA's RD Program and checks all of the boxes! Have you been looking and constantly underwhelmed by houses on the market? Too expensive? Not nice enough? 80 year old houses with 80 years of deferred maintenance? Well, this is a brand new construction in a convenient and rapidly improving neighborhood! Have you been hearing that interest rates are too high? That it doesn't make sense to buy right now at 7%+ rates? Well, this home qualifies for a 4.5% 30-year fixed rate mortgage rate - meaning your total payment including mortgage, insurance, and taxes should come in just under $1,700 per month, and the rate is fixed, so the mortgage won't ever increase! That's less than it would cost to rent! Are you intimidated by some of the large down payments and closing costs that you've seen? Well, the USDA RD program allows for 0% down payment, and the seller closing cost assistance means that, for most people, you will not have to come up with any cash at closing. Concerned about the rising insrance rates? Well, this is a new construction which will help ont he Homeowner's Insurance side of things and is located in an X Flood Zone (the best in SE LA), so your rates here should be better than just about any other options you're looking at. We know that it sounds too good to be true, but because of a variety of factors and the special USDA RD loan program that this property qualifies for, you can be the proud owner of a brand new 3 bedroom home for less than it would cost to rent just about any similarly sized unit in Greater New Orleans!