If you’ve ever dreamed of owning a home in the New Orleans area but felt like the upfront costs were too high — this may be the break you’ve been waiting for.
Between New Orleans, Jefferson Parish, and state-level programs, eligible first-time homebuyers can receive $55,000–$60,000 in grant money to help cover down payments and closing costs.
And here’s the best part:
These are forgivable loans — meaning you don’t have to pay them back if you stay in the home for a set amount of time.
Let’s break it down.
🏡 Who’s Considered a “First-Time Homebuyer”?
You might qualify even if you’ve owned a home before.
✅ You are considered a first-time homebuyer if you haven’t owned a home in the past 3 years.
This includes:
- Renters
- People who’ve only owned mobile homes
- Former homeowners who’ve been renting for 3+ years
1. Jefferson Parish First-Time Homebuyer Program
- đź’¸ Up to $50,000 in assistance
- 📍 Up to $60,000 if you’re buying within the City of Kenner
âś… Requirements:
- Must be a first-time buyer
- Income between 51%–80% of the Area Median Income (AMI)
- Must complete an approved homebuyer education class
- Must use a fixed-rate mortgage (no adjustable or exotic loans)
đź“„ Assistance is structured as a forgivable loan after living in the home for a certain period.
2. New Orleans Direct Homebuyer Assistance Program
- đź’¸ Up to $55,000 for down payment
- đź’° Plus up to $5,000 in closing cost assistance
âś… Requirements:
- Must buy a home in Orleans Parish
- Must complete a HUD-approved homebuyer education course
- Income must be 80% or less of the AMI
- Must contribute 1% of the sale price or $1,500 (whichever is less)
⏳ Forgivable after 10 years if you stay in the home.
3. Louisiana Housing Corporation (LHC) Resilience Soft Second Program
- đź’¸ Up to $55,000 for the down payment
- đź’° Plus up to $5,000 for closing costs
- 🌊 For areas impacted by natural disasters (including Jefferson Parish)
âś… Requirements:
- First-time homebuyer
- Income must be at or below 80% of the AMI
- Property cannot be in a flood zone
- Must contribute $1,500 or 1% of purchase price
đź’Ľ Forgivable after 10 years of living in the home.
📲 How to Apply
These programs require proper documentation and approved education courses, and every situation is different.
Want help determining if you qualify?
I’ll walk you through the process, explain the details, and help you take the first step toward owning your home.
đź“ž Call or Text [Bk. Owens]
📲 [504-944-1691]
Let’s talk about how to make this opportunity yours.
✍️ Final Thought:
You don’t have to figure this out alone — and you don’t have to keep renting.
If you’re eligible, you could receive $55K–$60K toward your future. Let’s see if you qualify.