As with most things in life, money is an issue.

Will you be paying cash for your home or do you need a mortgage?

Unless you're paying cash (real cash, not "I'm getting a settlement" or "I have some stock I could maybe sell" cash) you'll need to connect with a reputable lender.

We strongly recommend a local lender who is familiar with Louisiana law and customs. Ask us for help if you don't already know someone.

What will your lender need from you?

• 2 years of tax returns

• Most recent bank statements

• Most recent pay stubs

• Valid ID

• A list of your current debts (student loans, credit cards, etc.)

There's an entire alphabet soup of mortgage loans, so here's a quick primer:

FHA: designed for buyers who are unable to make large down payments

FHA 203(K): allows buyers to borrow both purchase and renovation funds

VA: assists veterans or eligible family members with no money down loans

RD: rural development is 100% financing of homes in targeted communities (income restrictions apply)

Conventional: any loan not guaranteed or insured by the government

New Orleans Home Buying Guide - Crescent City Living LLC