Fuller Center for Housing of Northwest Louisiana Homeownership Program

What is Fuller Center for Housing of Northwest Louisiana Homeownership Program?

Fuller Center for Housing of Northwest Louisiana Homeownership Program is a first mortgage for homebuyers in Shreveport, Louisiana, administered by Fuller Center for Housing of Northwest Louisiana.

• The Fuller Center for Housing of Northwest Louisiana is a faith-driven nonprofit that builds 2-4 new affordable homes per year in the Shreveport-Bossier City area for low-income individuals unable to obtain conventional financing. Selected families receive a 20-year, no-interest mortgage. Applicants complete 350 hours of sweat equity, attend credit counseling and home management classes, and volunteer 10 hours/month once approved.
• 20-year no-interest mortgage.
• No profit on home sale.
• Faith-driven community partnership.
• Credit counseling and education provided.
• Funding comes from FHLB Dallas grants; private donations; Bonvenu Bank and other community partners.

Do you have to pay it back?

Fuller Center for Housing of Northwest Louisiana Homeownership Program is a first mortgage and is repaid under the terms set by Fuller Center for Housing of Northwest Louisiana.

• Repayment is triggered by Standard mortgage repayment over 20 years; not forgivable.
• The assistance is recorded in First position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Fuller Center for Housing of Northwest Louisiana Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Fuller Center for Housing of Northwest Louisiana Homeownership Program 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?

Fuller Center for Housing of Northwest Louisiana Homeownership Program caps the purchase price as follows: Homes built by Fuller Center NWLA; price set to be affordable.

• Eligible property types include Single Family.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Fuller Center for Housing of Northwest Louisiana Homeownership Program serves buyers purchasing in Shreveport, Louisiana.

How do you apply?

Applications for Fuller Center for Housing of Northwest Louisiana Homeownership Program go through Fuller Center for Housing of Northwest Louisiana, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Fuller Center for Housing of Northwest Louisiana.

2. 2

   Contact Fuller Center for Housing of Northwest Louisiana to reserve funds

   Funds are reserved through Application and interview; partner family selection committee, and are subject to availability.

3. 3

   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.