5-9% of loan amount for down payment and closing costs depending on loan size. Statewide.
LHC's Mortgage Revenue Bond program provides below-market first mortgage rates for qualifying Louisiana buyers. The rate reduction, which can be 0.5-1% below market, saves thousands annually and tens of thousands over the life of a 30-year mortgage.
The program pairs with LHC's DPA assistance and is available to first-time buyers meeting income limits. Louisiana's unique housing market — including challenges from hurricane risk and flood insurance costs — makes below-market rates especially valuable for buyers managing total housing expenses.
9% DPA on a $200K property = $18K. Louisiana has some of the highest percentage-based DPA in the US.
We'll show you how to combine LHC HOME MRB Program with other programs to maximize your free money — personalized to your ZIP code and income.