Market Rate Conventional 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 a conventional mortgage through its Market Rate Conventional Program.

The program is not limited to first-time homebuyers. It is available to potential homebuyers with a maximum allowed 80% AMI (Area Median Income) by Parish and Household size.

Read on to find out if this program is right for you.

Program Details

• Competitive 30-year fixed rate
• Available for purchase of single family housing (1 unit principal residence)
• Maximum loan amount of $453,100
• The property must be located in Louisiana
• Maximum allowed 80% AMI by Parish and Household size.
• Minimum credit score of 640
• 97% LTV 1-unit 
• Homebuyer education required for first-time homebuyers 

Program Benefits

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