West Monroe Homebuyer Assistance Program

West Monroe Homebuyer Assistance Program is a forgivable loan for homebuyers in West Monroe, Louisiana, administered by City of West Monroe. The City of West Monroe Homebuyer Assistance Program provides up to $25,000 in down payment and closing cost assistance to income-eligible first-time homebuyers purchasing within West Monroe city limits. Funded through the Louisiana OCD Make a Difference (MAD) Grant, it is a 0% interest, forgivable loan forgiven over 5 years. Up to $25,000 forgivable DPA. 0% interest loan. Forgiven over 5 years. 80% AMI income limit. Funding comes from Louisiana Office of Community Development - Local Government Assistance Make a Difference (MAD) Grant.

West Monroe Homebuyer Assistance Program offers up to $25,000 in assistance. The program can be combined with State LHC programs. Amounts are the program's published maximums, not an offer — City of West Monroe determines any individual award.

West Monroe Homebuyer Assistance Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, refinance, or failure to use property as primary residence before end of 5-year period. 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.

West Monroe Homebuyer Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: No homeownership within the prior 3 years. On credit, the program states: Minimum 620 credit score required. Residency requirement: Must purchase within the city limits of West Monroe, LA. Applications accepted during limited intake windows (spring 2026 window extended to May 1, 2026). Apply via Airtable online form or in person at City Hall.

West Monroe Homebuyer Assistance Program limits household income to 80% of the area median income, which varies by county and household size. 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.

West Monroe Homebuyer Assistance Program caps the purchase price as follows: No purchase price cap stated in available sources. Eligible property types include Single Family. New construction is eligible. Manufactured homes are not eligible.

West Monroe Homebuyer Assistance Program serves homebuyers purchasing in West Monroe, Louisiana.

Applications for West Monroe Homebuyer Assistance Program go through City of West Monroe, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served via application intake window. 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.