FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana

What is FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana is a grant for homebuyers in Louisiana, administered by Federal Home Loan Bank of Dallas (FHLB Dallas).

• The FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) provides up to $20,000 in down payment and closing cost assistance to first-time homebuyers in Louisiana purchasing a primary residence through an FHLB Dallas member financial institution. The grant is forgiven monthly over 5 years and disbursed first-come, first-served with $17M allocated for 2026. Income must not exceed 80% AMI.
• Up to $20,000 DPA grant.
• Forgiven over 5 years.
• Available statewide via member banks.
• First-come first-served.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from Federal Home Loan Bank of Dallas member institution funding.

How much assistance does it provide?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana offers up to $20,000 in assistance.

• The program can be combined with State LHC programs, local DPA programs.
• Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Dallas (FHLB Dallas) determines any individual award.

Do you have to pay it back?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana is structured as a grant, so it is not repaid.

• Repayment is triggered by Funds forgiven monthly over 5 years; recapture possible if homebuyer moves before 5-year mark.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana limits household income to 80% of the area median income, which varies by county and household size.

• 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.

What kind of home can it be used for?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana caps the purchase price as follows: No program purchase price cap; governed by first mortgage product limits.

• Eligible property types include Single Family, Condo, and Townhouse.
• New construction is eligible.

Where does it apply?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana is a federal program, so it is not limited to Louisiana.

How do you apply?

Applications for FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana go through Federal Home Loan Bank of Dallas (FHLB Dallas), which publishes the current terms and the application steps on its own site.

1. 1

   Contact Federal Home Loan Bank of Dallas (FHLB Dallas) to reserve funds

   Funds are reserved through First-come, first-served through FHLB Dallas member institutions; funds until exhausted or December 31, 2026, and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.