Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish

Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish is a grant for homebuyers in St. Bernard Parish County, Louisiana, administered by Jefferson Parish Finance Authority. The Southern Mortgage Assistance Program provides a grant of 3% or 4% of the loan amount to cover down payment and closing costs for income-eligible buyers purchasing in St. Bernard, Jefferson, St. Charles, or St. Tammany Parishes. The DPA is a true grant with no repayment required. No-repayment DPA grant. 3% or 4% of loan amount. 30-year fixed rate first mortgage. Available for FHA, VA, RHS, and Freddie Mac HFA Advantage loans. Funding comes from Jefferson Parish Finance Authority bond proceeds.

Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum FICO 640. A homebuyer education course is required, through Required for Freddie Mac HFA Advantage only; not required for FHA/VA/RHS. Residency requirement: Property must be located in St. Bernard Parish. Borrower must occupy within 60 days of closing; Freddie Mac HFA Advantage requires FTHB status and homebuyer education; exact current interest rates not confirmed — contact lender.

Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish limits household income to 115% of the area median income, which varies by county and household size. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish caps the purchase price as follows: FHA: $271,050; VA: $417,000; RHS: no limit; Freddie Mac: $417,000. Eligible property types include single_family, condo, and townhouse. New construction is eligible. Manufactured homes are not eligible.

Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish names veterans, active-duty service members, and reservists and National Guard members 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.

Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish serves homebuyers purchasing in St. Bernard Parish County, Louisiana.

Applications for Southern Mortgage Assistance Program (SMAP) – St. Bernard Parish go through Jefferson Parish Finance Authority, which publishes the current terms and the application steps on its own site. 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.