St. Bernard Parish Home Mortgage Authority Soft Second Program
How much assistance
Up to $35,000 (up to $30,000 soft second + up to $5,000 closing cost grant) (Forgivable Loan)
Soft second loan forgiven after 5 years of continuous owner occupancy
Eligibility
- Income limits: Household income at or below 120% of Area Median Income
- Purchase price limit: $200,000
- First-time buyer required: Yes — No homeownership in a principal residence during the 3 years prior to purchase. Includes spouse — if either meets the test, both qualify.
- Geographic restrictions: St. Bernard Parish
- Homebuyer education required: Yes
How to Apply for St. Bernard Parish Home Mortgage Authority Soft Second Program
Step 1: Verify you meet the first-time homebuyer definition (no homeownership in prior 3 years) and income requirements.
Step 2: Contact the St. Bernard Parish Department of Housing and Redevelopment at (504) 278-4340.
Step 3: Attend a homebuyer education course as required by the program.
Step 4: Get pre-approved with a participating lender.
Step 5: Find a home in St. Bernard Parish priced at or below $200,000.
Step 6: Submit your complete application with required documentation including income verification and purchase agreement.
Notes
CDBG-funded soft second mortgage program providing up to 20% of purchase price (max $30,000) as a 0% interest loan plus up to $5,000 for closing costs. The soft second is forgiven after 5 years of owner occupancy. Buyer must invest at least 1% or $1,000, whichever is greater. Contact St. Bernard Parish Department of Housing and Redevelopment at (504) 278-4340.