Thibodeaux Reed Realty, Guidance Real-Estate
Main Line (337)658-0181 New Orleans 504-229-3460


Downloadable Home Buyer Guide

  • Home Buyers Guide

    Download our Home Buyers Guide for quick reference and important information to help you get started. 

Where Do I Start?

The first step to any purchase is knowing where the money will come from. You will need to know two things before starting your search for a home:
1. What's my budget?
2. What loan type will work for my benefit and coincide with my goals?
For example, if you have a FHA approved loan. This means that the home you look for not only has to fit your budget but FHA guidelines as well. All loan types will have their own set of guidelines, it is important to know ahead of time what will work for your loan.  
Finances are always the first step.


Finance 101 from the Experts
 Q: I don't have any money saved, can I still buy a home?
    A: There are several options for you.  VA (veteran) or RD (rural development) loans do not require a down payment. If you were to qualify for one of those programs, no money needed from you as the buyer. If you are not able to qualify for those, there a few more things you can do. There are some times down payment assistance programs for certain parishes, for example if you purchasing in Lafayette Parish, there are three programs available. One for $8,000, one for $11,000 or $15,000. (each have their own guidelines and qualifications). You may also have your down payment gifted to you by a family member (i.e. father, mother, sibling) or an employer may gift you the funds for the down payment.   Courtesy of Rebekah Guidry, Approved Mortgage Now
   Q: How do I know which loan is right for me?
      A: There are various loan programs and each borrower has their own unique situation. To determine the loan program that is right for you, you should speak to an experienced licensed Loan Officer
   Q: What are the loan types?


Ideal for borrowers with good or excellent credit

Requires a down payment of 3%-20%

Loan limit of $417,000

Lender paid mortgage insurance available


Ideal for borrower’s with lower credit scores, and/or small down payments

Requires a down payment of 3.5%

Federally insured loans, which allows us to offer better rates and terms

Credit scores as low as 580


100% Financing

Reduced mortgage insurance premiums

Income limits apply

Property must be located in a rural area deemed eligible by the USDA


100% financing

No monthly mortgage insurance premium

Guaranteed by the U.S. Department of Veteran’s Affairs, allowing us to offer veterans better rates and terms  Courtesy of Amanda Deville, Executive Mortgage


Can I Really Afford a House?

  • Area Information

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  • Dream Home Finder

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  • FAQs

    These are some of the most popular questions amongst home buyers, answered by the professionals.

  • Animals Need Homes Too

    Thibodeaux Reed Referral Program


Thibodeaux Reed Realty LLC
• New Orleans , LA 70113
Main Line (337)658-0181 • New Orleans 504-229-3460

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