Market Rate GNMA Program

The Market Rate GNMA program offers 30-year, fixed-rate FHA, VA or USDA Rural Development mortgages at favorable income rates increasing the opportunity for Louisiana citizens to purchase a home.

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