Direct Homebuyer Soft Second Mortgage Assistance Program

Direct Homebuyer Soft Second Mortgage Assistance Program é um empréstimo perdoável para compradores de imóveis em New Orleans, Louisiana. CDBG-funded Soft Second Mortgage Assistance: up to $55,000 at 0% interest, 10-year forgivable; full repayment in years 1-5, then 25% forgiven year 5, +15% per year in years 6-9, 100% forgiven year 10. Alternative $5,000 closing cost assistance. 80% AMI, first-time homebuyer, $324K max sales price, Orleans Parish-wide. $350 Homebuyer Education Stipend due at closing. $1M funded January 2026. City of New Orleans Office of Community Development's Direct Homebuyer Soft Second Mortgage Assistance Program provides up to $55,000 in soft second mortgage assistance to bridge the gap between the home purchase price and the maximum first mortgage loan amount, OR up to $5,000 in closing cost assistance (program covers up to 50% of total closing costs per CDBG guidelines). The soft second is structured as a 0% interest, 10-year forgivable loan: full repayment required if buyer sells/moves within years 1-5. 25% forgiven at year 5. +15% forgiven each year in years 6-9. 100% forgiven at year 10. $1M CDBG funding allocation as of January 2026. Maximum sales price $324,000 anywhere in Orleans Parish. 80% AMI ceiling. Os recursos vêm de Federal, CDBG e City.

Direct Homebuyer Soft Second Mortgage Assistance Program é perdoado após 10 anos, então o comprador de imóvel que permanecer esse tempo não o devolve. O reembolso é acionado por Full repayment of the unforgiven balance is required if the buyer sells, refinances, or moves before year 5. After year 5, 25% of the loan is forgiven, +15% forgiven per year in years 6, 7, 8, 9 e 100% forgiven at year 10. No prepayment penalty. Assumptions not allowed. A ajuda é registrada como ônus em posição 2nd Lien. As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

Direct Homebuyer Soft Second Mortgage Assistance Program é aberto a compradores do primeiro imóvel e compradores de imóveis que vão morar no imóvel como residência principal. “Primeiro imóvel” tem exceções aqui: First-time homebuyer = no homeownership in past 3 years. Displaced homemaker exception applies. Sobre crédito, o programa afirma: No specific City-imposed minimum FICO; first-mortgage lender overlays apply. É exigido um curso de educação para compradores de imóveis, por meio de HUD-approved homebuyer education course required (HUD Approved Homebuyer Training Agencies list at nola.gov). $350 Homebuyer Education Stipend due at closing, separate from any class fees. Requisito de residência: Property must be located in Orleans Parish (City of New Orleans). Homebuyer must occupy as primary residence for the full 10-year forgiveness term; selling/moving before year 10 triggers prorated repayment. Cidadania ou situação imigratória: Per HUD CDBG federal eligibility - U.S. citizen or qualifying non-citizen. First-time homebuyer (or no homeownership in past 3 years; displaced homemaker exception). Household income at or below 80% AMI per HUD New Orleans MSA limits (2025 1p=$48,650; 8p=$91,700). Soft Second cannot exceed 50% of home's purchase price (program limit). Front-end DTI 30-33%; back-end DTI up to 48%. Buyer must contribute minimum 1% of sale price or $1,500 (whichever is less) and have liquid assets equal to at least one month of proposed household expenses after closing costs. Gift funds permitted up to 10% of purchase price (gift letter and bank statement required). HUD-approved homebuyer education required. $350 Homebuyer Education Stipend due at closing. Property must meet City of New Orleans Housing Code, International Residential Code, and HUD Housing Quality Standards (NSPIRE/HQS inspection by City). Site-specific NEPA environmental review by City. Buyers must use City-approved closing/title agent. Homeowner's and flood insurance required for full replacement value or sale price; City listed as Loss Payee. City of New Orleans employees are eligible. Maximum sales price $324,000.

Direct Homebuyer Soft Second Mortgage Assistance Program limita a renda familiar a 80% da renda mediana da região, que varia conforme o condado e o tamanho da família. Household income at or below 80% AMI per HUD New Orleans MSA / Orleans Parish (2025 1p=$48,650; 8p=$91,700). Per Income Guideline Chart at nola.gov. O limite vale para a renda total da família, não só a do mutuário. O programa indica um tamanho máximo de família de 8. Os valores da renda mediana da região são publicados pelo HUD e atualizados todo ano, então confira a tabela atual do condado antes de se basear em um número.

Direct Homebuyer Soft Second Mortgage Assistance Program limita o preço de compra a $324,000. Os tipos de imóvel elegíveis incluem Single-family homes, newly constructed homes, renovated homes, townhouses, condominiums within City of New Orleans / Orleans Parish. Construções novas são elegíveis. Casas pré-fabricadas não são elegíveis.

Direct Homebuyer Soft Second Mortgage Assistance Program cita veteranos, militares da ativa, reservistas e membros da Guarda Nacional e cônjuges sobreviventes entre os grupos que atende. Aparecer aqui significa que o programa menciona o grupo, não que fazer parte dele, por si só, qualifique um candidato — as demais regras de elegibilidade continuam valendo.

Direct Homebuyer Soft Second Mortgage Assistance Program atende compradores de imóveis que compram em New Orleans, Louisiana.

As inscrições para Direct Homebuyer Soft Second Mortgage Assistance Program são feitas por meio de o órgão que administra o programa, que publica as condições atuais e as etapas da inscrição no próprio site. Os recursos são reservados por meio de City reviews loan packages after first-mortgage underwriting; commitment letter issued before payment processing. Funds disbursed to title company at closing once all conditions met. Subject to CDBG funding availability ($1M as of January 2026). A Hey Prescott não é uma credora e não aceita inscrições; esta página descreve o programa para que um comprador de imóvel possa levá-lo a um credor ou a um conselheiro habitacional.