Louisiana Housing Corporation Mortgage Loans
Louisiana Housing Corporation (LHC)
Program Overview
Louisiana Housing Corporation offers affordable mortgage financing with below-market rates and flexible terms. Serving Louisiana for 40+ years, helping 50,000+ families across all 64 parishes. Benefits include competitive below-market rates, low down payments (as low as 3%), 30-year fixed rates, multiple loan types (Conventional, FHA, VA, USDA), no PMI on certain conventional loans, and ability to combine with down payment assistance. Available products: LHC Advantage, FHA (3.5% down), VA (0% down), USDA Rural (0% down), Conventional 97 (3% down).
Eligibility Requirements
• First-time homebuyer (not owned home in last 3 years, some exceptions)\n• Income limits vary by parish (typically up to 115% of area median income)\n• Purchase price limits vary by parish ($300,000-$500,000 range)\n• Primary residence requirement\n• Minimum credit score typically 640\n• Homebuyer education required\n• Maximum 45-50% debt-to-income ratio
Additional Requirements
• Apply through LHC-approved lender\n• Complete homebuyer education course\n• Provide income, credit, employment verification\n• Property appraisal and inspection
How to Apply
1. Check readiness (review credit, income, savings)\n2. Complete LHC-approved homebuyer education\n3. Determine eligibility for your parish\n4. Find LHC-approved lender\n5. Get pre-approved with documentation\n6. Shop for home within program limits\n7. Close your loan and receive keys