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West Monroe Homebuyer Assistance Program

City of West Monroe · West Monroe, Louisiana

Last verified
See what you qualify forOfficial program site →
Assistance

$25,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 5 years

What is 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.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from Louisiana Office of Community Development - Local Government Assistance Make a Difference (MAD) Grant.

How much assistance does it provide?

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.

Do you have to pay it back?

West Monroe Homebuyer Assistance Program is forgiven after 5 years, so a buyer 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.

Who qualifies?

West Monroe Homebuyer Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: No homeownership within the prior 3 years
  • The home is occupied as a primary residence
  • On credit: Minimum 620 credit score required
  • Residency: Must purchase within the city limits of West Monroe, LA
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. 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.

The program excludes

  • Manufactured homes
  • Households above 80% of area median income

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?

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.

What kind of home can it be used for?

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.

Where does it apply?

West Monroe Homebuyer Assistance Program is a federal program, so it is not limited to Louisiana.

How do you apply?

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.

  1. Contact City of West Monroe to reserve funds

    Funds are reserved through First-come, first-served via application intake window, and are subject to availability.

  2. 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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