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Market Rate GNMA 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 mortgages through the Market Rate GNMA Program.

The program allows low and moderate income Louisiana families to realize their dreams of owning a home. Its availability is not limited to first-time homebuyers, and the program provides down payment assistance. It is available to potential homebuyers with household incomes up to 115% of area median income (AMI) established by parish.

Through the Market Rate GNMA Program, homeowners are offered 30-year, fixed-rate FHA, VA or USDA Rural Development mortgages. 

Read on to find out if this program is right for your prospective homebuyer.


Program Details

  • Competitive 30-year fixed rate
  • Available for purchase of single family housing (1 unit principal residence)
  • Property must be located in Louisiana
  • Household income up to 115% of area median income
  • Minimum credit score of 640

Program Benefits

  • First-time homebuyer requirement does not apply
  • Up to 4% assistance for down payment, closing costs and/or prepaid items
  • No origination or discount fees
  • No additional bond documents or compliance package



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