Finance New Orleans Green Mortgage Program
How much assistance
Up to $25,000 as a 0% interest second mortgage for down payment or closing costs, plus a $2,500 Green Home Improvement Stipend (Forgivable Loan)
Buyers under 80% AMI receive a 5-year forgivable loan. Buyers between 80-140% AMI receive a 30-year deferred loan at 0% interest with option to defer repayment. Borrower must remain in home as primary residence.
Eligibility
- Income limits: Up to 140% of Area Median Income (AMI). Buyers under 80% AMI receive forgivable terms; buyers between 80-140% AMI receive deferred repayment terms.
- First-time buyer required: No
- Geographic restrictions: Must purchase within the City of New Orleans.
- Homebuyer education required: Yes
How to Apply for Finance New Orleans Green Mortgage Program
Step 1: Apply through a Finance New Orleans participating lender. Complete a homebuyer education course. After closing, schedule a free Whole Home Energy Assessment to unlock the $2,500 Green Home Improvement Stipend.
Notes
Includes a free Whole Home Energy Assessment and a $2,500 stipend for green improvements within 6 months of closing. Available for single family, doubles, and 3-4 unit small multifamily properties.