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Delta 100 Program

    LHC’s Commitment

    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 your prospective homebuyer.

     

    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

      Resources

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