LHC Choice Conventional Program

The LHC Choice Conventional Program allows lenders to process loans through "Loan Product Advisor" and provides an possibility of increased assistance if borrowers meet specific income limits.  This program allows LTV to 97%, higher income limits to $99,000, and reduced mortgage insurance premium.


Approved Lenders


Program Details

  • Competitive 30-year fixed rate
  • Available for purchase of 1-unit principal residence (Detached/attached, PUD's, Condos)
  • Maximum loan amount of $424,100
  • Property must be located in Louisiana
  • Maximum income limit of $99,000
  • Minimum credit score of 640
  • 97% LTV  1–unit property
  • Homebuyer education required for first-time homebuyers  

Program Benefits

  • Up to 4% assistance for down payment, closing costs and/or prepaid items
  • Up to an additional 2% assistance for closing cost and prepaid items based on borrower AMI
  • First-time homebuyers and repeat buyers allowed
  • Reduced mortgage insurance - HFA Advantage Mortgage Insurance Coverage 18%
  • No origination or discount fees
  • No reserves required
  • No borrower contribution required
  • Permitted ownership in other residential property under certain circumstances
  • Limited program documentation