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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

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 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 $2500 Heroes to Homeowners Grant if 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 homebuyeres1 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.

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.

Some Requirements Include:
  • 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
For more requirements or to see if you qualify contact your NOLA Lending Loan Officer today.

The HELP Grant is offered by 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. 

First Responders

Louisiana Housing Corporation Mortgage Revenue Bond Program

This program of fers down payment or closing cost assistance to qualified homebuyers purchasing homes throughout the  state of Louisiana. Assistance is available in the form of a sof t second at 4% of the loan amount. The assistance will be  forgiven over a 5 year period, as long as the borrower occupies the proper ty as their primary residence. 
Eligible Occupations1:
  • Emergency Response Agency2
  • Firefighters
  • Law Enforcement2
  • Licensed Paramedics
  • Public Safety Telecommunications
  • Teachers3
  • Employees Of1:
    • Assisted Living Centers
    • Hopitals
    • Pharmacies & Drug Stores
    • Physician Offices
    • Nursing Care Facilities
    • Outpatient Care Centers
Some Requirements Include:
  • Borrower Primary Residence
  • Household Income Limit of $125,000
  • Minimum 640 Credit Score

1Must be an active, full-time employee for one of the approved occupations.
2Employee of a state, parish, or city.
3Employee of a state, parish, city, or private school board, holding a Louisiana teacher’s certification.

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 and are 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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