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Louisiana HomeStart Plus

Louisiana Housing Corporation offers HomeStart Plus to first-time buyers in Louisiana: as much as 20% of the price, but no more than $55,000, as a forgivable loan.

Amount
As much as 20% of the price, but no more than $55,000
Type of help
A loan that can be forgiven
Only open to first-time buyers
Yes
Your credit score
At least 640

A forgivable loan: a second mortgage at 0%, with a little forgiven each month across 10 years (120 months).

The forgivable loan gets written off after you've held onto the home, along with its first mortgage, for the length of time the program sets.

Who can get Louisiana HomeStart Plus?

  • Only buyers purchasing in designated parishes hit by Hurricanes Laura, Delta, or Ida qualify.
  • Household income: 80% of the area median income set by HUD, changing with household size and location.
  • You must be a first-time buyer, which usually means you haven't owned a home in the last three years.
  • Your credit score must be at least 640.
  • You'll need to complete a homebuyer education course ahead of your purchase.
  • The LHC HomeStart Plus program provides a fixed-rate first mortgage lasting 30 years alongside this help.

Your county and household size set most of the limits. Our tool to check HUD income limits shows the median income for your area and where your household falls.

Applying for Louisiana HomeStart Plus

  1. You apply through an approved lender, together with your home loan, because Louisiana Housing Corporation pays this help out via those lenders.
  2. Your lender reviews your income, credit and the property against the program's rules, then sets the money aside for you.
  3. At closing, the money goes toward your down payment and closing costs.

For the full rules and to see whether it's accepting applications, visit Louisiana Housing Corporation's page for HomeStart Plus.

Talk to a lender about Louisiana HomeStart Plus

Tell us where you're buying and a lender that works with Louisiana's programs can tell you whether Louisiana HomeStart Plus fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? The lender will reach you once you send your details.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

More first-time buyer programs in Louisiana

Every Louisiana first-time home buyer program · Down payment help in every state