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With the Mortgage Revenue Bond Home Program, the Louisiana Housing Corporation intends to help all Louisiana residents have affordable options to energy-efficient housing.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

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. 

First-Time Home Buyer Programs in Louisiana

The Louisiana Housing Corporation (LHC) designed the Delta 100 Program to help first-time homebuyers purchase a 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.

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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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