Information for Homebuyers

Prepare Yourself

Preparing yourself to purchase a home takes several steps to ensure you meet all qualifications and requirements.  Follow these simple steps to determine if you are eligible to participate in Louisiana Housing Corporation’s LHC Preferred Conventional Program:

STEP #1Determine your income. The maximum household income is $99,000.

STEP #2Choose the Lender. 

  • Select the lender.
  • Make an appointment to be pre-qualified. 
  • Meet with the lender to 1) complete a loan application, 2) order credit report and 3) pre-qualify for a mortgage loan.

STEP #3Select a Realtor:  Begin your home search and once you have signed a purchase agreement, return to the lender to complete the loan process.

STEP #4Reserve 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.

LOAN CALCULATOR – Click the link from Standard Mortgage Corporation, Master Servicer to calculate monthly payments (Principal & Interest only) or loan amounts.