• Greater Shreveport Chamber of Commerce

• Biomedical Research Foundation of Northwest Louisiana
  (InterTech Research Park)

• Caddo Parish

• Center for Business & Economic Research

• City of Shreveport 1

• City of Shreveport 2

• City of Shreveport 3

• Downtown Development Authority

• Louisiana Department of Labor

• Louisiana Directory
  
  

• Homes In Raleigh & Raleigh Real Estate From Raleigh Realtors Ed and
  Erin
  

• State of Louisiana

• Northwest Louisiana council of Governments

• Port of Shreveport-Bossier City

• Shreve Memorial Library

• Shreveport Regional Airport

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• The Times
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• Jobs

• Century Tel Center

• Coldwell Banker Previews

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• Bossier City Parish schools

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• Centenary College

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• Louisiana Tech University

• Louisiana Technical College (Vo Tech)

• Northwestern State University

Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.

Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.

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Glenna Nesbitt and Shelton Floyd, Realtors
Coldwell Banker J. Wesley Dowling & Associates
8805 Line Avenue Suite 100
Shreveport, Louisiana 71106 USA
Licensed in the State of Louisiana
Glenna Direct Line: 318-869-5833
Shelton Mobile: 318-422-1102
Main Office: 318-861-2461
perfectpartners@coldwellbanker.com

Glenna and Shelton are life long residents of Shreveport. Glenna and Shelton were awarded the International President’s Circle-Coldwell Banker, Diamond Society Team-Coldwell Banker, Circle of Excellence and Circle of Honor. They are Top Producers and Certified Luxury Home Specialists. Call or email today - The Number 1 Team for Coldwell Banker in Shreveport since 2002. Each office independently owned and operated.