Delta 100 Program
Available Assistance
Under LHC’s Delta 100 Program, eligible first-time homebuyers will receive up to 100% financing and up to 3% closing cost and prepayment assistance in the form of a 30-year, 2% fixed interest rate loan. The program offers a maximum loan amount of $242,000.
Eligibility Requirements
In order to qualify for the Delta 100 Program, applicants must be first-time homebuyers purchasing single-family housing in the Delta Parishes*. They must be able to contribute 1% of purchase price or $1,500, whichever is less from their own funds. Applicants must have a household income that does not exceed $99,000 (80% AMI), and they must complete a Homebuyer Education course.
Delta Parishes include: Caldwell, Catahoula, Concordia, East Carroll, Franklin, Madison, Morehouse, Pointe Coupee, Richland, Tensas, West Carroll, and Ouachita (excluding Monroe)
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.
First-Time Homebuyer Programs in Louisiana
Delta 100 Program
The Louisiana Housing Corporation (LHC) designed the Delta 100 Program to help first-time homebuyers purchase a home.
MRB Home
With the Mortgage Revenue Bond Home Program, the Louisiana Housing Corporation intends to help all Louisiana residents have affordable options to energy-efficient housing.
First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
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