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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.

SMAP – Southern Mortgage Assistance Program

Competitive 30-year fixed-rate, fully amortizing mortgage with 3%-4% assistance grant for either down payment and/or closing costs. Calculated as a percentage of the loan amount to qualifying home buyers for an FHA, VA or RHS loan. The grant does not require repayment, recapture or a 2nd lien.

Lagniappe Advantage Program

Competitive 30-year fixed rate, fully amortizing mortgage with 0%-4% assistance grant for either down payment and/or closing costs. The grant does not require repayment, recapture or a 2nd lien.

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.

Capital Area Finance Authority

NOLA Lending offers a variety of programs with competitive interest rates and down payment/closing cost assistance to low-to-moderate income homebuyers1 for properties located in Louisiana.

CAFA – Capital Advantage Program

The Capital Area Finance Authority (“CAFA”) provides homebuyer assistance to qualified homebuyers to purchase homes throughout the state of Louisiana. The Assistance is the form of a grant with no repayment or recapture and provides up to 5% of the final loan amount. Funds can be used towards your down payment, closing cost, prepaid items or buy out mortgage insurance.

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

NEW! 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 offers down payment or closing cost assistance to qualified homebuyers purchasing homes throughout the state of Louisiana. Assistance is available in the form of a soft second at 4% of the loan amount. The assistance will be forgiven over a 5 year period, as long as the borrower occupies the property as their primary residence. 

Eligible Occupations:
  • Paramedics1
  • Teachers2
  • Police Department3
  • Fire Department4
Some Requirements Include:
  • Borrower Primary Residence
  • Household Income Limit of $110, 000
  • Minimum 640 Credit Score

1 Active, full-time, licensed, and employed paramedic. 2 Active, regular, full-time employee of a state, parish, city, or private school board, holding a Louisiana teacher’s certificate. 3 Active, full-time employee of a state, parish, or city police department. 4 Active, full-time employee of a state, parish, or city fire department.

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