In keeping with its mission to ensure that every Louisiana resident is granted an opportunity to obtain safe, affordable, energy-efficient housing, the LHC offers the Choice Conventional Program. This program can provide an additional subsidy to help cover closing costs for homebuyers that meet the income requirements for their parish.
Read on to find out if this program is right for you.
Not all prospective homebuyers are eligible for this program. To determine if the Choice Conventional Program is right for you, follow these simple steps:
STEP #1 – Determine your income: The maximum annual household income is $99,000.
STEP #2 – Choose a Lender:
STEP #3 – Select a Realtor: Begin your home search; once you have signed a purchase agreement, return to the lender to complete the loan process.
STEP #4 – Reserve Funds: The lender will reserve the assistance funds for you with Louisiana Housing Corporation and complete all the remaining processes from loan application to loan closing.
Find approved lenders in your area here. Learn More
Use this helpful mortgage calculator to determine your monthly payment amount and help budget for your new home. Learn More
Find information on this program for lenders here. Learn More
See Exhibit F(c)-LHC Choice Conventional Program 50/80 Income Limits 2018 here. View Document
The LHC offers several programs that can assist eligible homebuyers reduce their down payments. See programs offering down payment assistance. Learn More
Find information on this program for Realtors here. Learn More