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Get Matched Free →Expand to Homeownership Program
Funding status: Active
How much assistance
Grant of up to 4% of loan amount for down payment and closing costs
No repayment required as long as the borrower occupies the home as their primary residence.
Eligibility
- Income limits: $84,000 maximum for FHA/VA loans; $99,000 maximum for conventional loans.
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Must purchase within the City of New Orleans.
- Homebuyer education required: No
How to Apply for Expand to Homeownership Program
Apply through a participating lender. Must have a debt ratio no higher than 45%. The grant is applied at closing toward down payment and closing costs.
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