MRB Home

The Louisiana Housing Corporation’s (LHC) mission is to ensure that every resident is able to obtain safe, affordable, energy-efficient housing. With that in mind, the LHC offers the Mortgage Revenue Bond Home Program. 

Available Assistance 
The MRB Home program helps potential, first-time homebuyers who may not have enough money to meet down payment and closing costs. The program has interest rates that are below market level, and down payment and closing cost assistance range between 5% to 9%, depending on the loan amount. The program also offers reduced mortgage insurance for conventional loans 

Eligibility Requirements 
All applicants must be first-time homebuyers who are buying a property in Louisiana. Borrowers must fall at or below 80% AMI to be considered eligible for the program. They must meet the program’s income and purchase price limits (shown below) and have a minimum credit score of 640 to be considered eligible. 

Income Limits 
Greater Baton Rouge Area 
1-person household: $44,000 
2-person household: $50,250 
3-person household: $56,550 
4-person household: $62,800 

Greater New Orleans Area 
1-person household: $39,450 
2-person household: $45,050 
3-person household: $50,700 
4-person household: $56,300 

Purchase Price Limits 
Baton Rouge Area: $271,164 
Greater New Orleans Area: $271,164 


Note: The information provided was accurate at the time of publication and may no longer be current. Visit the program website for updated information.