Louisiana Bond Programs

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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

Heroes to Homeowners

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.

• 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 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

• 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

• 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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