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Iberia Habitat for Humanity Homeownership Program

Iberia Habitat for Humanity · New Iberia, Louisiana

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Income limit

80% AMI

Of area median income; varies by county and household size

What is Iberia Habitat for Humanity Homeownership Program?

Iberia Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in New Iberia, Louisiana, administered by Iberia Habitat for Humanity.

  • Iberia Habitat for Humanity builds and sells simple, decent homes to low-income partner families in Iberia Parish. Homes are sold with a 0% interest 25-30 year mortgage; families must demonstrate need, ability to repay, and willingness to partner (sweat equity). Must have lived in Iberia Parish at least 1 year.
  • Zero-interest 25-30 year mortgage.
  • No down payment required.
  • Affordable monthly payment based on income.
  • Homeowner education classes provided.
  • Funding comes from Private donations, volunteer labor.

Do you have to pay it back?

Iberia Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Iberia Habitat for Humanity.

  • The assistance is recorded in 1st position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Iberia Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Not publicly specified; ability to repay mortgage required
  • A completed homebuyer education course, through Iberia Habitat for Humanity homeowner education classes
  • Residency: Must have lived in Iberia Parish for at least 1 year
  • Citizenship or immigration status: Must be a legal U.S. resident
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. Sweat equity participation required. Specific income limits and sweat equity hours not publicly posted online — contact Iberia Habitat directly.

The program excludes

  • Manufactured homes
  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Iberia Habitat for Humanity 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?

Iberia Habitat for Humanity Homeownership Program caps the purchase price as follows: Home is built/sold by Habitat at affordable price.

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

Where does it apply?

Iberia Habitat for Humanity Homeownership Program serves buyers purchasing in New Iberia, Louisiana.

How do you apply?

Applications for Iberia Habitat for Humanity Homeownership Program go through Iberia Habitat for Humanity, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Iberia Habitat for Humanity homeowner education classes.

  2. Contact Iberia Habitat for Humanity to reserve funds

    Funds are reserved with the provider and are subject to availability.

  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.

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