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 Delta 100 Program. This $2 million, parish-specific program helps some first-time homebuyers who 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 to eligible homebuyers. These borrowers are required to complete a Homebuyer Education Course, meet minimum investment requirements and have sufficient cash reserves to qualify.
Read on to find out if this program is right for you.
* Caldwell, Catahoula, Concordia, East Carroll, Franklin, Madison, Morehouse, Pointe Coupee, Richland, Tensas, West Carroll, and Ouachita (excluding Monroe)
Not all prospective homebuyers are eligible for this program. To determine if the Delta 100 Program is right for you, follow these simple steps:
STEP #1 – Determine your income: The maximum household income is $99,000.
STEP #2 – Choose a Lender:
STEP #3 – Select a Realtor: Begin your home search and 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
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
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