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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.

Soft Second Resilience Program

MRB – Mortgage Revenue Bond

HOME MRB – HOME Mortgage Revenue Bond

GNMA – Market Rate GNMA Program

PREFERRED – Fannie Mae Preferred Conventional 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 – Freddie Mac Home Advantage Program (Lagniappe 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.

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

FANO – Own New Orleans Down Payment Grant Forgivable Program

30-year FHA or Freddie Mac first mortgage with a forgivable second mortgage (equaling 3% or 5% of your approved home loan) to help with your down payment. Stand-alone soft second forgivable in five years (20% each year). Property must be located in the City of New Orleans. Program can be used with FHA, VA and Freddie Mac Conventional loan options. Single Family 1 unit owner-occupied only. Income Limit for FHA / VA $94,360; Conventional 80% BELOW AMI - $53,760. 1st Time Homebuyer NOT REQUIRED – For Conventional cannot own a home at time of closing. 1% origination charged on all loan types. Flood Insurance required regardless of zone.

FANO – Own New Orleans Down Payment Grant Non Forgiven Program

30-year FHA or Freddie Mac first mortgage with an interest-free second mortgage (equaling no more than 10% of the purchase price) to use for down payment assistance. Borrower must qualify for a first mortgage first. Second Mortgage is a 30 year fixed rate at 0% - Principal Payments are due monthly with 1stmortgage. Property must be located in the City of New Orleans. Program can be used with FHA, VA, and Freddie Mac Conventional loan options. Single Family 1 unit owner-occupied only. Income Limit for FHA / VA $94,360; Conventional 80% BELOW AMI - $53,760. 1st Time Homebuyer NOT REQUIRED – For Conventional cannot own a home at time of closing. 1% origination charged on all loan types. Flood Insurance required regardless of zone.

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