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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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