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LHC - Louisiana Housing Corporation
NOLA Lending offers a variety of programs with competitive interest rates and down payment /closing cost assistance to first-time homebuyers1 or low-to-moderate-income home buyers2 for properties located in Louisiana.
Market Rate Ginnie Mae (GNMA) Program
Market Rate Conventional Program
Mortgage Revenue Bond (MRB) Assisted Program
Mortgage Revenue Bond (MRB) Home Program
City of New Orleans Soft Second Program
Helping homebuyers to bridge the gap between the purchase price of the home and the maximum first mortgage.
Homebuyer Requirements:
- Must be a first-time homebuyer
- Borrower must reside at the property for at least 10 years
Property Requirements:
- Property must be located in Orleans parish
- Single family residential properties
- Newly constructed or renovated homes
Program Benefits:
- Up to $55,000 in soft second funds
- Up to $5,000 in closing costs
Contact Coleena Zimet or David Gilyot today to discuss which loan program is best for you.
Jefferson Parish Housing Authority
NOLA Lending offers a variety of programs with competitive interest rates and down payment/closing cost assistance to low-income-home-buyers2 for properties located in Louisiana.
According to the Jefferson Parish Housing Authority website, their programs offer down payment assistance options spanning from 0%-6% with a 30-year fixed-rate mortgage at a competitive interest rate. The grants require no repayment.
Heroes to Homeowners
$2500 Grant available to education professionals, first responders, and healthcare professionals. This is a true grant used in conjunction with other JPFA financing programs.
Comfort of Home
Can be combined with a $2,500 Heroes to Homeowners Grant located in Jefferson Parish.
Finance Authority of New Orleans
NOLA Lending offers a variety of programs with competitive interest rates and down payment/closing cost assistance to first-time homebuyers1 or to low-to-moderate income homebuyers2 for properties located in Louisiana.
Down Payment Assistance
This product is a 30-year VA, FHA, Fannie Mae, or Freddie Mac first mortgage with a zero-interest, forgivable second mortgage (equaling 2-5% of your approved home loan) to help with your down payment.
1. Individual program requirements vary. First Time Homebuyer generally means that the borrower has not had an ownership interest (sole or joint) in a residential property during the 3-year period prior to application 2. Income varies per parish, family, and target area. Homeowner education may be required via an approved HUD counselor/vendor to qualify for specific programs, additional fees may apply.
Lafayette Consolidated Government Soft Second Program
- Must be a first-time homebuyer
- Property must be a single-family residence located in Lafayette city limits or the unincorporated areas of Lafayette Parish
- Borrower(s) must have household income less than or equal to 80% of the area median income for Lafayette Parish
- Up to $11,000 in down payment assistance
For more requirements or to see if you qualify contact your NOLA Lending Loan Officer today.
HELP Grant Program
HELP Grant Program
The purpose of the Homebuyer Equity Leverage Partnership (HELP) Program is to provide down payment and closing cost assistance for qualified, first-time homebuyers.
- Must be a first-time homebuyer
- Household income must not exceed 80% of the area median income (AMI)
- Must contribute at least $500
- Homebuyer may not receive cash back at closing
- Must complete Homebuyer Counseling Course
The HELP Grant is offered by the Federal Home Loan Bank of Dallas (FHLB) to assist low-income, first-time homebuyers in Louisiana, Arkansas, Mississippi, New Mexico, and Texas with down payment and closing cost assistance. Eligible borrowers can receive up to $15,000.00 in assistance on a first-come, first-served basis. HELP funds are available until the funds are exhausted or until December 31st, whichever comes first; new rounds of funds open every January.
Keys For Service
Louisiana Housing Corporation Mortgage Revenue Bond Program
- Borrower Primary Residence
- Household Income Limit of $125,000
- Minimum 640 Credit Score
Information stated above is subject to change without notice. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend or offer an extension of credit. All loans are subject to credit approval. Not all applicants will qualify for all products offered. All loan programs, terms, and interest rates are subject to change without notice and may only be available in select markets. Information obtained from a third party is subject to change without notice. All figures should be verified. Ask your lender for additional details regarding specific loan limits for the county where the property is located.
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