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Premier Conventional & Government 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 Premier Program.

The program is not limited to first-time homebuyers. Read on to find out if this program is right for your prospective homebuyer.

Program Details

  • Competitive 30-year fixed rate
  • Household income up to $99,000 based upon borrower(s)’ income only
  • Minimum credit score of 640
  • Above 80% AMI allowed with pricing variances
  • The property must be located in Louisiana
  • 97% LTV / 105% CLTV
  • Homebuyer education required for first-time homebuyers

Program Benefits

  • First-time homebuyers and repeat buyers allowed.
  • Up to 5% assistance for down payment, closing costs and/or prepaid items
  • Reduced mortgage insurance for 80% and below AMI (Conventional Only)
  • No origination or discount fees
  • No additional bond documents or compliance package
  • Manufactured Home, After July 5th (Government Only)

*NEW Premier Government Program

LHC is excited to announce that a new Government Product has been added to its suite of Premier Loans through Lakeview:

  • FHA, VA and USDA
  • Down payment assistance available up to 5%
  • No borrower investment required
  • Minimum FICO score of 640
  • Qualifying income limit of $99,000
  • Debt-to-income ratio the lesser of 50% or AUS
  • New purchases only (no refinances)
  • New or existing single unit homes, condos, manufactured homes and townhomes
  • Homebuyer Education required before close
  • Located in the State of Louisiana

Resources

WANT TO LEARN MORE ABOUT OUR PROGRAMS FOR homebuyers?

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