$55,000 Toward Your First Home? New Orleans Says “Yes”.

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Priced out of homeownership in New Orleans? The City’s Homebuyer Assistance Program puts up to $55,000 toward your down payment — real money, no gimmicks, designed to get first-time buyers into homes they can actually afford.

Here’s what you need to know:

  • Up to $55,000 in down payment assistance (Soft Second Mortgage), or
  • Up to $5,000 toward closing costs (covers up to 50% of total closing costs under CDBG guidelines)
  • Homes must be located in Orleans Parish, with a maximum sales price of $324,000

Do you qualify? Run through this quick checklist:

  • ✅ First-time homebuyer (or haven’t owned a home in the past 3 years)
  • ✅ Willing to complete a HUD-approved homebuyer education course
  • ✅ Able to qualify for a first mortgage through an Approved Lender
  • ✅ Buying a home located in Orleans Parish

If you answered yes across the board, you’re likely eligible — and that’s exactly the kind of buyer Face to Face Realty exists to help.

Why this matters?

Down payment is the single biggest barrier standing between renters and homeowners in New Orleans. Programs like this one exist specifically to remove that barrier — but they require paperwork, approved lenders, and navigating city bureaucracy. That’s where having the right agent in your corner changes everything.

Next steps:

  • Pull your household income and compare it to the AMI chart
  • Line up a HUD-approved homebuyer education course
  • Connect with an Approved Lender
  • Talk to a local agent who knows this program inside and out

Ready to find out if you qualify? Face to Face Realty specializes in down payment assistance for first-time New Orleans homebuyers.