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This program specifically helps low-income borrowers with an income that is less than 80% of the area median income (AMI). Financial assistance is provided to help applicants with the down payment and/or closing costs. Read more


  • Must be a first-time homebuyer
  • Property located in Louisiana
  • Income does not exceed income limits
  • Home price within the program limit
  • 640 credit score



  • Financial assistance between 5% to 9% of the loan amount
  • Lower mortgage rates than conventional financing
  • Reduced mortgage insurance rates


Market Rates GNMA Program

This program offers 30-year, fixed-rate FHA, VA, or USDA mortgages with low interest rates. Read more


  • 30-year fixed-rate mortgage
  • Must occupy the property as your primary residence
  • The property must be located in Louisiana
  • Income not to exceed 115% of area median income
  • 640 credit score



  • Available for all buyers (first-time and repeat buyers eligible)
  • Up to 4% assistance for the down payment, closing costs, and/or prepaid items
  • No origination or discount fees


Delta 100 Program

This parish-specific program helps some first-time homebuyers who lack traditional credit but have demonstrated the ability, willingness, and commitment to homeownership through alternate avenues.

LHC will provide up to 100% financing and up to 3% closing cost and prepayment assistance to eligible homebuyers. These borrowers are required to complete a Homebuyer Education Course, meet minimum investment requirements, and have sufficient cash reserves to qualify. Read more


  • Must be a first-time homebuyer
  • Purchase single-family housing in the Delta Parishes
  • Borrower investment: 1% of purchase price or $1,500, whichever is less (gifts not allowed)
  • Homebuyer education class required

* Caldwell, Catahoula, Concordia, East Carroll, Franklin, Madison, Morehouse, Pointe Coupee, Richland, Tensas, West Carroll, and Ouachita (excluding Monroe)


  • 30-year fixed-rate mortgage with a 2% interest rate
  • No mortgage insurance
  • Get up to 3% for closing costs
  • Loan amount up to $242,000
  • Household income up to 80% AMI by parish and household size


Mortgage Credit Certificate Program

This $5 million statewide program is designed to assist first-time homebuyers, veterans, and low to moderate-income buyers purchasing a home in designated areas. Homebuyers who use the MCC program can take a federal tax credit of up to 40% of their annual mortgage interest payments for the life of their loan. This credit is capped at $2,000 per year. Read more


  • Available for low and moderate income first-time homebuyers.
  • Household income limits depend on the number of people in the household and the location of the property. Refer to Exhibit T for purchase price limits and Exhibit U for income limits.
  • Homebuyers can take up to 40% of their annual mortgage interest payments (maximum of $2,000 a year) as a tax credit on their federal income tax return.
  • Homebuyers can continue to receive the federal tax credit as long as they occupy the property as their primary residence.
  • Homeowners who use the MCC program must file IRS Form 8396 with their federal tax returns.



  • The program can be used in conjunction with the LHC’s down payment assistance programs.
  • Increases applicant’s disposable income, thereby increasing the borrower’s eligible loan amount.
  • Mortgage Credit Certificates can be layered with any first-time homebuyer loan product except mortgage revenue bonds.
  • Master Servicer approval is not required.
  • Available statewide.


The Mortgage Revenue Bond Assisted Program

This program helps prospective homebuyers who may not have enough money to meet down payment and closing costs. The program has interest rates that are usually at the market level.


  • Must be a first-time homebuyer unless the property is in a targeted area
  • Property must be in Louisiana
  • Borrower must meet income requirements
  • The purchase price cannot exceed established purchase price limits
  • Annual income may go up to 140% of the median income – depending on family size and the increased Targeted Acquisition Limit.
  • Minimum Credit Score 640



  • Down payment and closing costs assistance come in the form of a soft-second that is equal to 4% of the mortgage amount
  • Reduced MI for Conventional Loans


National First-Time Homebuyer Loan Programs

  • FHA LoansFHA home loans are very popular with first-time homebuyers cause they require a 580 credit score with just a 3.5% down payment. Debt-to-income ratios up to 50% are allowed making them perfect for low-income borrowers.
  • Conventional LoansConventional loans require a 620 credit score and a 5% to 20% down payment. If you put 20% or more down, mortgage insurance will not be required.
  • USDA LoansUSDA mortgage loans are for low-to-median income borrowers buying a home located in a USDA-eligible rural area. They provide 100% financing with a 620 or higher credit score. Mortgage insurance is required but the rate is the lowest of any type of mortgage program available.
  • VA Loans – Veterans of the U.S. military may be eligible for a VA home loan. No down payment or mortgage insurance is required and veterans with a 580 to