Delta 100 Program

Delta 100 Program is a grant for homebuyers in Multiple County, Louisiana. 100% LTV bond first mortgage for very-low-income FTHB in 11-parish Louisiana Mississippi Delta region. No DPA needed (zero down). No MI. Below-market rate. Persistent-poverty area program. Income capped low ($36K-$96K). The Louisiana Housing Corporation Delta 100 Program is a 100% LTV first-mortgage program designed for very-low-income homebuyers in the persistent-poverty parishes of Louisiana's Mississippi Delta region. Provides 100% financing - no down payment required, no DPA needed - with no mortgage insurance. 30-year fixed-rate first mortgage at a reduced bond rate. Eligible parishes include the federally designated Louisiana Delta region: Tensas, Madison, East Carroll, West Carroll, Concordia, Catahoula, Franklin, Morehouse, Richland, Caldwell, and La Salle. First-time homebuyer required. Income capped at very-low to low-income limits ($36,300 1-person to $96,850 large household). Funding comes from State and Bond.

Delta 100 Program is structured as a grant, so it is not repaid. Repayment is triggered by Standard amortizing 30-year first mortgage and principal and interest payments due monthly. Balance due in full on sale, refinance, or transfer. The assistance is recorded in 1st Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Delta 100 Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Federally designated targeted census tracts may waive FTHB requirement. On credit, the program states: 640 minimum FICO; lender overlays may apply. A homebuyer education course is required, through LHC-approved homebuyer education required (8-hour HUD-certified course or equivalent). Pre-purchase counseling at HUD-approved agency. Residency requirement: Property must be located in one of the eligible Louisiana Delta-region parishes: Tensas, Madison, East Carroll, West Carroll, Concordia, Catahoula, Franklin, Morehouse, Richland, Caldwell, La Salle. Must be borrower's primary residence. Citizenship or immigration status: U.S. citizen, permanent resident, or qualifying non-permanent resident alien. First-time homebuyer required. Property must be located in a Louisiana Delta-region parish (Tensas, Madison, East Carroll, West Carroll, Concordia, Catahoula, Franklin, Morehouse, Richland, Caldwell, La Salle). Owner-occupied primary residence. 640 minimum FICO. Max 45% DTI. Income at or below Delta 100 limits ($36,300 - $96,850 by household size). 8-hour HUD-certified homebuyer education required. No reserves requirement.

Delta 100 Program limits household income to $96,850. 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.

Delta 100 Program caps the purchase price as follows: Per LHC Delta 100 maximum acquisition cost (varies by parish; typically aligned with USDA-RD limits in same area). Verify at lhc.la.gov. Eligible property types include Single-family detached, condominium, townhouse, PUD. Manufactured housing per overlays. New construction is eligible. Manufactured homes are eligible.

Delta 100 Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Delta 100 Program serves homebuyers purchasing in Multiple County, Louisiana. The program targets specific areas: All 11 eligible Delta parishes are federally designated persistent-poverty / targeted census tracts.

Applications for Delta 100 Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Reserved through LHC's online lender portal at time of rate lock by approved participating lender. Subject to bond funding availability. 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.