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Premier Program

Statewide, Louisiana

Last verified
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Assistance

4%

Of the purchase price, as the program sets it

Income limit

$99,000

The household income limit the program publishes

Repayment

Grant

Not repaid

What is Premier Program?

Premier Program is a grant for homebuyers in Statewide, Louisiana.

  • LHC's NON-bond TBA program: first mortgage + 4% non-repayable DPA grant. NO FTHB requirement. NO recapture tax. 640 FICO. Statewide. Open to repeat buyers.
  • Louisiana Housing Corporation's Premier Program is a NON-BOND TBA homebuyer program providing a 30-year fixed-rate FHA, USDA-RD, VA, HFA Preferred, or HFA Advantage first mortgage paired with 4% non-repayable down payment assistance grant. The DPA grant is calculated on the first-mortgage loan amount and may be used for down payment, closing costs, or prepaid items. NOT bond-funded - no IRS Section 143 federal recapture tax. Open to first-time AND repeat home buyers (no FTHB requirement). 640 minimum FICO. Statewide Louisiana.
  • Funding comes from State and TBA.

How much assistance does it provide?

Premier Program provides assistance worth 4% of the purchase price, as set by the program.

  • Buyer contribution: Per first-mortgage product (3.5% FHA, 0% VA/USDA, 3% conventional). 4% DPA grant covers most or all of borrower's required contribution.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Premier Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by None for DPA grant - no repayment. First mortgage is standard amortizing 30-year fixed.
  • The assistance is recorded in 1st Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Premier Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: 640 minimum FICO; lender overlays may apply.
  • A completed homebuyer education course, through LHC-approved homebuyer education required prior to closing (HUD-certified online or in-person).
  • Residency: Property must be located in Louisiana and be borrower's primary residence.
  • Citizenship or immigration status: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays.
  • Owner-occupied primary residence in Louisiana. 640 minimum FICO. Max 50% DTI with AUS approval. Income at or below Premier limit (~$99,000 statewide single tier per seed). FHA/VA/USDA/HFA Preferred/HFA Advantage. Homebuyer education required. No first-time homebuyer requirement.

The program excludes

  • Households above $99,000

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?

Premier Program limits household income to $99,000.

  • 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.

What kind of home can it be used for?

Premier Program caps the purchase price as follows: Per first-mortgage product loan limits (FHA county loan limits, conforming conventional limits, USDA, VA). No LHC-specific Premier purchase price cap.

  • Eligible property types include Single-family detached, condominium, townhouse, PUD, manufactured home on permanent foundation (per overlays).
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

Premier Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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.

Where does it apply?

Premier Program serves buyers purchasing in Statewide, Louisiana.

How do you apply?

Applications for Premier Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through LHC-approved homebuyer education required prior to closing (HUD-certified online or in-person)..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Reserved through LHC's online lender portal at time of rate lock by approved participating lender., 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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