St. Charles Parish Mortgage Assistance Program

St. Charles Parish Mortgage Assistance Program is a grant for homebuyers in St. Charles Parish County, Louisiana, administered by St. Charles Parish Department of Community Services. The St. Charles Parish Mortgage Assistance Program provides a DPA grant (no repayment required) of 3% or 4% of the loan amount toward down payment and closing costs for eligible homebuyers purchasing in St. Charles Parish with an FHA, VA, or RHS loan. No-repayment DPA grant. 3% or 4% of loan amount. 30-year fixed rate mortgage. Available for FHA, VA, and RHS loans. Funding comes from St. Charles Parish / Southern Mortgage Assistance Program.

St. Charles Parish Mortgage Assistance Program 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.

St. Charles Parish Mortgage Assistance Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum FICO 640. Residency requirement: Property must be located in St. Charles Parish. Income limit was $69,000 (effective 2015); current limits should be verified with the parish at (877) 435-7591; max purchase price tied to FHA/VA/RHS loan limits.

St. Charles Parish Mortgage Assistance Program 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.

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

St. Charles Parish Mortgage Assistance Program 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.

St. Charles Parish Mortgage Assistance Program serves homebuyers purchasing in St. Charles Parish County, Louisiana.

Applications for St. Charles Parish Mortgage Assistance Program go through St. Charles Parish Department of Community Services, 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.