3% Down Payment Assistance Proivided By Louisiana Housing Corporation

If you’re looking for a first time home buyer grant in Louisiana, then the Louisiana Housing Corporation (LHC) is where you should turn to for help.

Louisiana First Time Home Buyer GrantsThe LHC’s Single Family Homeownership Programs help low- to-moderate- income homebuyers achieve the American dream of owning their own homes. The programs offer a variety of 30-year, fixed rate mortgages, some at below market interest rates. The program that offers 3% down payment assistance is called the LHC Preferred Conventional Program. The Maximum loan amount of $417,000, which means that 3% of this figure would be the most you could obtain for aid, but it equals $12,510, no small sum. You will need a minimum credit score of 640, and your maximum income cannot exceed $99,000 annually.

To find out more about this program, visit the LHC web page here, or contact them directly at: Mary Antoon singlefamily@lhc.la.gov ph. 888-454-2001 FREE Fax: 225-763-8748