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Advice for New Orleans Service Industry Wanna Be Home Owners

service industry workers

We hear from a lot of local service industry people that they would love to buy a home of their own. But, it seems like there are some special challenges that almost all of them face. We’re here to help you get past those hurdles and find a way to own your own place instead of paying the rapidly rising rents in New Orleans.

4 Tips for Service Industry Home Buyers

Stop lying about your income

We know, you don’t want to pay more in taxes than you have to. But when it comes time to prove your income, what’s on your tax return is the only number that matters.

Save some of your money for a down payment and closing costs

The more cash you have saved, the better financing options you’ll be able to access. And if it comes down to you vs another buyer that needs a seller’s help with closing costs, your offer will look a whole lot better. By the way, don’t stash that cash under your mattress. It needs to be in the bank for at least 3 months before you apply for your mortgage loan.

Clean up your credit

Those over-the-limit and past due credit cards bills from college may still be following you around and costing you more than you know. Not only is your credit score a factor in getting approved for a mortgage loan, it’s also considered when the lender decides what interest rate you qualify for. Lower scores equate to higher rates which means less house for you.

Consider surrounding parishes for a 100% loan

With the rising cost of real estate in New Orleans, you may need to consider moving out of Orleans Parish to make your home buying dream come true. Jefferson, Plaquemines and St. Bernard Parishes all have 100% mortgage loan options that aren’t available in the city.


Our agents are experienced in taking service industry folks from renters to homeowners. Call us today at 504-327-5303 to find out how we can help you. 



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New Orleans REALTORS providing home buying, selling, and rental services throughout the metropolitan New Orleans communities.

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Real buying, selling, and renting advice from New Orleans REALTORS