Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program

Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program is a grant for homebuyers in St. Tammany County, Louisiana, administered by Finance Authority of St. Tammany Parish. The Finance Authority of St. Tammany Parish (FASTP) offers down payment assistance grants of up to 6% paired with a 30-year fixed-rate first mortgage at a competitive rate, plus discounted mortgage insurance on certain products. Assistance tiers of 0%, 3%, or 4% borrower assistance are available across FHA/VA/USDA-RHS and Fannie Mae/Freddie Mac HFA products, including a Fannie Mae 'above 80% AMI' option. The grants require no repayment. Down payment grant up to 6% (tiers of 0%/3%/4% by product). No repayment required. 30-year fixed-rate first mortgage at competitive rate. Discounted mortgage insurance on certain products. Option for borrowers above 80% AMI (Fannie Mae). Funding comes from Finance Authority of St. Tammany Parish (single-family mortgage program / TBA structure).

Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program is structured as a grant, so it is not repaid. Repayment is triggered by Grant requires no repayment. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Not published on the public site; set per loan product/qualified lender. This is the FASTP/Finance Authority of St. Tammany Parish program (TBA/SMAP grant structure), distinct from the parish-government 'St. Tammany Down Payment Assistance' (HOME) program already in catalog.

Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program sets its income limit as follows: Income limits depend on loan product (a Fannie Mae 'above 80% AMI' tier is offered); specific dollar limits are not published on the public FASTP site and must be confirmed with a qualified lender. 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.

Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program caps the purchase price as follows: Home must be within FASTP's home-cost (purchase price) limits; specific limits not published on the public site. Eligible property types include Single Family.

Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program serves homebuyers purchasing in St. Tammany County, Louisiana.

Applications for Finance Authority of St. Tammany Parish (FASTP) Down Payment Assistance Program go through Finance Authority of St. Tammany Parish, which publishes the current terms and the application steps on its own site. Funds are reserved through Borrower selects a FASTP-qualified lender who reserves/locks the loan; rates posted via FASTP interest-rate notice (45-day rate lock to lender). 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.