Delta 100 Program

The Delta 100 Program is a $2 million parish specific program in the Delta Region available to low-to-moderate income, first-time homebuyers who may 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.  Borrowers are required to complete a Homebuyer Education Course, make a minimum investment in the transaction and have sufficient cash reserves to qualify.

 

Approved Lenders

 

Program Details

  • 30-year, 2% fixed interest rate
  • First-time homebuyer only with no minimum credit score
  • Must 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 required

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

Program Benefits

  • Mortgage insurance not required
  • Up to 3% for closing costs and prepaid items
  • Maximum loan amount of $242,000
  • Household income up to 80% AMI by parish and household size