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. Funding comes from Federal Home Loan Bank of Dallas member institution funding.

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.

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.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: HUD first-time homebuyer definition; 3-year lookback. On credit, the program states: Determined by participating member financial institution. Residency requirement: Property in Louisiana for the $20,000 tier. Homebuyers cannot apply directly — must work through an FHLB Dallas member institution participating in HELP. Funds available until exhausted or December 31, 2026.

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.

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.

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) - Louisiana serves homebuyers purchasing anywhere in Louisiana.

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