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Your Dream. Your Home. Own It.

Maybe you’ve thought about buying a home, but thought it was impossible. What if the amount of your monthly rent was enough to purchase a home? With Louisiana Housing Corporation, homeownership is within reach.

Download Our Homebuyer Guide

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LET'S DO THIS!

At LHC, our mission is to ensure that every Louisiana resident has the opportunity to obtain safe, affordable, energy-efficient housing. Through financial assistance, resources and education, we offer first-time homebuyers the necessary tools to take the first step and complete the path to purchasing a home.

LHC First-Time Homebuyer Programs

The first step in buying your new home is understanding your financing options. Check out our first-time homebuyer* financial assistance programs below to see which one is right for you!

LHC provides funds to increase your buying power, cover costs and ultimately assist with the purchase of your first home. These programs are offered to Louisiana residents with a minimum credit score of 640 who also meet other qualifications specific to each program.** Programs are flexibly applied to most home types in most areas, including site built homes upon completion.

Click below to learn more.

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Mortgage Revenue Bond Home (MRB Home)

This program offers downpayment and closing costs assistance ranging from 5-9% (depending on the loan amount), as well as below-market interest rates to those who qualify.

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Mortgage Revenue Bond Assisted (MRB Assisted)

Similar to the MRB HOME, the MRB Assisted program expands eligibility, provides 4% of the loan amount for downpayment and closing costs, as well as a favorable interest rate.

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Resilience Soft Second (RSS)

Created and offered in the 51 parishes in Louisiana affected by the 2016 floods, this program offers a soft second loan of 20% of the home’s purchase price up to $55,000 as well as up to $5,000 in closing costs. Repayment of the loan is not required if the homeowner maintains occupancy as primary residence for at least 10 years.

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Mortgage Credit Certificate (MCC)

MCC is a federal tax credit of up to 40% of the annual mortgage interest payment or $2,000 for the life of a 30-year loan. The credit is limited by the amount of interest that the borrower pays annually. This credit can be used in conjunction with the RSS program and may be applied to the borrower’s qualifying income increasing the eligible loan amount.

Learn More →

Download the LHC First-Time Homebuyer Guide!

Ready to take the next step? Complete the form below to download this helpful guide as you continue on the journey to homeownership.

In the LHC First-Time Homebuyer Guide, you will receive:

  • Steps of the Homebuyer Process: understand the path from renting to owning
  • LHC First-Time Homebuyer Assistance Program Information: a cheat sheet of our available programs to use when meeting with your selected lender
  • FAQs: learn the answers to the most-asked questions when purchasing your first home
  • Lenders & Realtors: access a directory of LHA approved partners in your area

Mortgage Calculator

Use this helpful mortgage calculator to determine your monthly payment amount and help budget for your new home.

Check it Out

Wanna chat? Feel free to call our LHC team at 866-705-7866.

*A first-time homebuyer is an individual who meets any one of the following criteria: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned with a former spouse while married. An individual who is a displaced homemaker and has only owned with a spouse.

**To understand your credit score and receive assistance in improving your score, visit LHC’s Homeownership Counseling Education Program information page to learn more about additional LHC support.