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Premier 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
    • No origination or discount fees
    • No additional bond documents or compliance package

      Resources

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