The Pathway to Homeownership is closer than you think.

The Direct Home Buyer Assistance Program is taking applications for Orleans Parish Soft Second Grant. Prospective home buyers may purchase a home anywhere in Orleans Parish and may receive up to $65,000 Soft Second Mortgage financing.

The total maximum grant a home buyer will be eligible to receive as a Soft Second Mortgage will depend upon the home buyer’s household income, family size and need.

Maximum Purchase Price – The maximum amount of the Soft Second Mortgage cannot exceed 50% of the purchase price of the home.

Minimum Required Homebuyer Investment

1% of Purchase Price or $1,500, whichever is greater

Eligible Participants

• First time home buyers that meet the household incomes and purchasing a principle residence in Orleans Parish.
• An individual who has had no ownership in a principle residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers).
• A single parent who has only owned with a former spouse while married.
• An individual who is displaced/divorced homemaker and has only owned with a spouse.

 

To apply for a mortgage loan under this Program or receive more detailed information on qualifying, contact FACE TO FACE REALTY at (504)239-8437.