The Fuller Center for Housing of Southwest Louisiana Homeownership Program

The Fuller Center for Housing of Southwest Louisiana Homeownership Program is down payment assistance for homebuyers in Lake Charles, Louisiana, administered by The Fuller Center for Housing of Southwest Louisiana, Inc. The Fuller Center for Housing of Southwest Louisiana is an active covenant partner in the Lake Charles area that partners with low-income families to build or repair simple, affordable homes. Homeowners invest sweat equity and repay cost through a no-profit, no-interest loan at an affordable monthly payment. A sweat-equity / 0%-interest-loan model, not a cash down payment grant. No-profit, no-interest loan. Affordable monthly payments. Homeowner helps build. Hand-up model. Serves Southwest Louisiana. Funding comes from Donations, volunteer labor, donated materials, gifts of land/services.

The Fuller Center for Housing of Southwest Louisiana Homeownership Program is down payment assistance and is repaid under the terms set by The Fuller Center for Housing of Southwest Louisiana, Inc.. Repayment is triggered by Monthly payments on a no-interest loan repaying cost of new home or repair, at an affordable amount. The assistance is recorded in First position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

The Fuller Center for Housing of Southwest Louisiana Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: No fixed minimum FICO; partner on a no-profit, no-interest basis. A homebuyer education course is required, through Fuller Center SWLA credit counseling and home management classes. Residency requirement: Southwest Louisiana (Lake Charles/Calcasieu area). Sweat equity required (works on own home and others'). Repayment via no-interest loan covering home cost. Credit counseling / home-management classes. Contact office by phone for application info. Specific income thresholds not published (left blank). Fuller Center assistance_type 'other'; not a cash DPA grant.

The Fuller Center for Housing of Southwest Louisiana Homeownership Program sets its income limit as follows: Serves low-income individuals/families unable to obtain adequate conventional financing (specific AMI thresholds not published). 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.

The Fuller Center for Housing of Southwest Louisiana Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

The Fuller Center for Housing of Southwest Louisiana Homeownership Program serves homebuyers purchasing in Lake Charles, Louisiana.

Applications for The Fuller Center for Housing of Southwest Louisiana Homeownership Program go through The Fuller Center for Housing of Southwest Louisiana, Inc., 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.