City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program

City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program is a deferred second loan for homebuyers in Baton Rouge, Louisiana, administered by City of Baton Rouge / East Baton Rouge Parish Office of Community Development. The City of Baton Rouge / East Baton Rouge Parish Office of Community Development offers a Homebuyer Assistance Program providing HUD-funded, interest-free (0%) gap-financing loans of up to $25,000 for existing homes and up to $50,000 for new construction in designated areas. The loans help buyers who might not otherwise qualify for a sufficient first mortgage and may be applied to down payment or closing costs. The deferred loan is repaid upon sale or transfer of the property. Up to $25,000 (existing) / $50,000 (new construction). Interest-free (0%). Deferred until sale or transfer. Usable for down payment or closing costs. Covers most of East Baton Rouge Parish. Funding comes from U.S. Department of Housing and Urban Development (HUD) funds administered by the EBR Office of Community Development.

City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program offers up to $50,000 in assistance. Award tiers: Up to $25,000 for existing homes; up to $50,000 for new construction in designated areas. Amounts are the program's published maximums, not an offer — City of Baton Rouge / East Baton Rouge Parish Office of Community Development determines any individual award.

City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Interest-free (0%) deferred loan that must be paid off upon the sale or transfer of the purchased property; borrowers may repay at any time. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Applicants must not have owned a home in the last three years, or may qualify as a displaced homemaker or single parent. A homebuyer education course is required, through Required homebuyer education course offered through the Mid City Redevelopment Alliance. Excludes incorporated Baker, Central, and Zachary. Required homebuyer education through Mid City Redevelopment Alliance.

City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program limits household income to $53,100. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program can be used for Single Family. New construction is eligible.

City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program serves homebuyers purchasing in Baton Rouge, Louisiana. The program targets specific areas: Higher assistance (up to $50,000) for new construction in designated areas; excludes incorporated Baker, Central, and Zachary.

Applications for City of Baton Rouge / East Baton Rouge Parish Homebuyer Assistance Program go through City of Baton Rouge / East Baton Rouge Parish Office of Community Development, 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.