LHC Provides Loans To Louisiana 1st Home Purchasers

Helpful Loan Program For 1st Time Buyers In LA

Looking to purchase your 1st residence in Louisiana but find yourself at a loss as to where to turn for a mortgage loan? Look no further. First time home buyer loans in Louisiana are provided by the Louisiana Housing Corporation (LHC). Not only do they provide great interest rates on your home loan, they also provide other notable programs for 1st time home buyers.


Louisiana First Time Home Buyer Loans
Louisiana First Time Home Buyer Loans

Here are some details on LHC’s loan program:

LHC Preferred Conventional Program

The LHC is very excited to offer this conventional product increasing the opportunity for Louisiana citizens to purchase a home. This program allows higher loan to value compared to FHA; higher income limits; and no up-front mortgage insurance premium.

Program Details

  • Competitive 30-year fixed rate
  • Available for purchase of Single Family housing (1-2 unit principal residence)
  • Maximum loan amount of $417,000
  • Property must be located in Louisiana
  • Maximum income limit of $99,000
  • Minimum credit score of 640
  • 97% LTV  1–unit and 95% LTV 2–unit property

For complete details on this loan, including contact information and instructions on how to apply, please visit this LHC loan page.

More Louisiana First Time Buyer Resources

In addition to the above first time homebuyer loan from LHC, there are resources available as well. Be sure to visit Louisiana down payment assistance, as well as our page that shares details about grants available in LA to purchase your first home.