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)