Down Payment Assistance Program
Are you wondering:
What if I have little savings, can I purchase a home?
Are there any down payment assistance programs available in Louisiana?

What is a Down payment Assistance (DPA) Loan?
DPA funds are designed for those who need assistance with down payment costs. Often times a borrower will qualify in all other aspects of a loan but will not have enough cash on hand for a down payment. Our DPA helps homebuyers attain grants or low-interest loans that reduce the amount they need to save for a down payment.
By helping responsible homebuyers to overcome the challenge of the minimum investment required for a mortgage, LHA has partnered with a national DPA program to help create healthy Louisiana communities. The entire state of Louisiana is eligible.
This DPA program offers down payment assistance to creditworthy, low- to moderate income individuals. To date, our DPA partner has assisted over 30,000 borrowers with their down payment, of which 55% are minority and 75% are first-time homebuyers.
*Minimum credit score of 600.
*DPA funds are available for FHA & conventional loans.
*3.5% down payment assistance and 5% down payment assistance options.
DPA Soft Second. With this product, the borrower receives a 30-year term, 0% interest rate (0% APR), no monthly payment second mortgage. The loan is forgivable under conditions dependent on the down payment assistance amount:
*3.5%: Forgivable after 36 consecutive, on-time payments on the FHA first mortgage. This forgiveness period resets if the borrower makes a late payment, but the borrower has the full 30-year term to meet the forgiveness conditions.
*5%: Forgivable after the initial 120 consecutive, on-time payments on the FHA first mortgage. This forgiveness period is terminated if the borrower has a payment that is 60+ days late, but the loan will remain with a 30-year term, 0% interest rate (0% APR), and no monthly payment.
DPA Repayable Second. With this product there are no income limitations. The borrower get access to a 10-year repayable second at a 0% interest rate (0% APR). The borrower will need to meet the minimum credit score of 600. This product offers both 3.5% down payment assistance and 5% down payment assistance options.
How To Get Started
The first step in the home buying process is to schedule a free phone consultation with one of our mortgage specialist partners with Geneva Financial, LLC. Contact us today at (504) 356-9100 or fill out the form below and one of our mortgage partners will contact you.

Fill out the form and we’ll chat with you soon.
Louisiana Housing Authority is not a governmental agency. The site and the information contained therein is not a solicitation to lend money to consumers. Equal Housing Opportunity. All home loans are powered by Geneva Financial, LLC NMLS #42056 | BK #0910215.