Bayou Area Habitat for Humanity Homeownership Program

Bayou Area Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Thibodaux, Louisiana, administered by Bayou Area Habitat for Humanity. Bayou Area Habitat for Humanity serves Lafourche and Terrebonne parishes, partnering with families whose housing is inadequate and who cannot obtain adequate housing conventionally. Selected families help build and then purchase a Habitat home financed with an affordable mortgage (income 50%-80% of parish AMI). A sweat-equity / Habitat-mortgage model, not a cash down payment grant. Affordable Habitat mortgage. New/rehabilitated home. Homebuyer helps build. Equal-housing selection. Serves Lafourche & Terrebonne. Funding comes from Donations, volunteer labor, recycled mortgage payments.

Bayou Area Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Bayou Area Habitat for Humanity. Repayment is triggered by Monthly affordable Habitat mortgage payments over loan term. The assistance is recorded in First position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Bayou Area Habitat for Humanity Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: No fixed minimum FICO; applicants must fully discuss finances with Habitat. A homebuyer education course is required, through Bayou Area Habitat homeowner education / informational meetings. Residency requirement: Lafourche or Terrebonne Parish residents (Houma/Thibodaux area). Homeowner application process currently CLOSED (as of 2026) - call (985) 447-6999 or submit the online interest form to be contacted before the next meeting. Eligibility by housing need, willingness to partner, ability to repay; income 50%-80% of parish median. Habitat assistance_type 'other'; not a cash DPA grant.

Bayou Area Habitat for Humanity Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Annual income 50% (very low) up to 80% of median for Lafourche/Terrebonne. 2025 guidelines by family size (min-max): 1: $26,550-$42,400; 2: $30,300-$48,450; 3: $34,100-$54,500; 4: $37,850-$60,550; 5: $40,900-$65,400; 6: $43,950-$70,250; 7: $46,950-$75,100; 8: $50,000-$79,950. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Bayou Area Habitat for Humanity Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Bayou Area Habitat for Humanity Homeownership Program serves homebuyers purchasing in Thibodaux, Louisiana.

Applications for Bayou Area Habitat for Humanity Homeownership Program go through Bayou Area Habitat for Humanity, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.