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MRB Home and Assisted

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 Mortgage Revenue Bond Assisted Program and the Mortgage Revenue Bond Home Program.

Read on to find out if one of these programs is right for you.


The Mortgage Revenue Bond Home Program

This program helps prospective homebuyers who are at 80% AMI or less and may not have enough money to meet down payment and closing costs. The program has interest rates that are below market level.

Program Details 

  • Must be a first-time homebuyer
  • The property must be in Louisiana
  • Must meet local income requirements
  • Purchase price cannot exceed HOME purchase limits

PROGRAM Benefits

  • Down payment and closing cost assistance ranges between 5% to 9% depending on the loan amount
Purchase Price and Income Limits
Greater Baton Rouge Area
  • Home purchase price limit up to $271,164
  • Family Income – 1 person: $41,900
  • Family Income – 2 people: $47,900
  • Family Income – 3 people: $53,900
  • Family Income – 4 people: $59,850
Greater New Orleans Area
  • GNO purchase price limit up to $271,164
  • Family Income – 1 person: $36,750
  • Family Income – 2 people: $42,000
  • Family Income – 3 people: $47,250
  • Family Income – 4 people: $52,500

The Mortgage Revenue Bond Assisted Program

This program helps prospective homebuyers who may not have enough money to meet down payment and closing costs. The program has interest rates that are usually at or below market level.

Program Details

  • Must be a first-time homebuyer unless the property is in a targeted area
  • The property must be in Louisiana
  • The borrower must meet local income requirements
  • Purchase price cannot exceed established purchase price limits
  • If the property is in a Targeted Area (Qualified Census Tract), the annual income may go up to 140% of the median income - depending on family size along with the increased Targeted Acquisition Limit.

Program Benefits

Down payment and closing costs assistance come in the form of a soft-second that is equal to 4% of the mortgage amount

Purchase Price and Income Limits
Greater Baton Rouge Non-Targeted Area
  • Home purchase price limit up to $271,164
  • Family Income – 2 or fewer people: $74,800
  • Family Income – 3 or more people: $86,020
Greater Alexandria and Monroe Non-Targeted Area
  • Home purchase price limit up to $271,164
  • Family Income – 2 or fewer people: $62,100
  • Family Income – 3 or more people: $71,415
Greater New Orleans Area
  • Home purchase price limit up to $271,164
  • Family Income – 2 or fewer people: $65,600
  • Family Income – 3 or more people: $75,440

Determine If This Program Is Right for You

Not all prospective homebuyers are eligible for these programs. To determine if one of these programs is right for you, follow these simple steps:

STEP #1 – Determine Income Eligibility: See above to find out if you meet the income requirements for your area.

If you meet the Income Limit Requirement, advance to step #2.

STEP #2 – Choose a Lender: 

  • Select a lender. Find approved lenders here
  • Make an appointment to be pre-qualified for a mortgage loan.
  • Meet with the lender to complete the following:
    • Loan application
    • Credit report
    • Confirm pre-qualification
    • If you are pre-qualified, the lender will advise the price range affordability

STEP #3 – Select a Realtor: Begin your home search; once you have a signed 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.

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