Louisiana Housing Corporation MRB Keys for Service Program

Louisiana Housing Corporation MRB Keys for Service Program is a silent second mortgage for homebuyers in Louisiana, administered by Louisiana Housing Corporation. LHC's MRB Keys for Service Program is a statewide homeownership program supporting Louisiana's first responders, certified teachers, and essential workers (and, per current guidelines, any homebuyer with household income at or below $125,000). It pairs a 30-year first mortgage (FHA/VA/RD/Fannie/Freddie) at the daily Keys for Service rate with a 0% soft second equal to 4% of the final loan amount for down payment and closing costs. The soft second is fully forgiven after 5 years of owner-occupancy. 0% soft second equal to 4% of the final loan amount. Fully forgiven after 5 years of owner-occupancy. No origination or discount points. Available in all parishes. Works with FHA/VA/RD/Fannie/Freddie. Reduced mortgage insurance on conventional loans at 80% AMI. Manufactured housing eligible. Funding comes from Mortgage Revenue Bond (MRB) program / Louisiana Housing Corporation.

Louisiana Housing Corporation MRB Keys for Service Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Soft second is deferred and forgiven at the end of a 5-year period if the borrower occupies the property as their primary residence. Within the 5-year compliance period the entire balance is due upon sale or refinance. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Louisiana Housing Corporation MRB Keys for Service Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum 640 credit score (660 for manufactured housing); at least 2 scores required; no non-traditional credit; no manual underwrites. A homebuyer education course is required, through Homeownership education meeting National Industry Standards, via a HUD-approved counseling agency or an online course. Borrowers cannot own other property at closing. Minimum 640 credit score (660 manufactured). Max DTI 50% (45% manufactured). Homebuyer education required. Co-signers/non-occupant co-borrowers allowed FHA only. Guidelines dated 05/13/2026. NOTE: program markets to first responders/teachers/essential workers but the published guidelines define eligibility by the $125,000 income cap rather than occupation; confirm occupation requirement with LHC.

Louisiana Housing Corporation MRB Keys for Service Program limits household income to $125,000. 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.

Louisiana Housing Corporation MRB Keys for Service Program caps the purchase price as follows: Maximum permissible purchase price shall not exceed the applicable FHA loan limits. Eligible property types include Single Family, Townhouse, Condo, and Manufactured. Manufactured homes are eligible.

Louisiana Housing Corporation MRB Keys for Service Program names veterans, active-duty service members, reservists and National Guard members, educators, law enforcement officers, firefighters, and healthcare workers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Louisiana Housing Corporation MRB Keys for Service Program serves homebuyers purchasing anywhere in Louisiana.

Applications for Louisiana Housing Corporation MRB Keys for Service Program go through Louisiana Housing Corporation, which publishes the current terms and the application steps on its own site. Funds are reserved through Lender registers the first mortgage in LHC's reservation system; first-come, first-served. Loan must be purchased within 60 days (extensions available). 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.