LHC Preferred Conventional Program

The Louisiana Housing Corporation (LHC) has created the LHC Preferred Conventional Program, a program which can help with closing costs, prepaid items, and the down payment.

As much as 4% of the sales price of a home is offered to eligible applicants.

In order to qualify, an applicant cannot have an annual income higher than $99,000 or a credit score lower than 640.

This program does not have a first-time homebuyer requirement, but first-time homebuyers who apply are required to finish a homebuyer education class.

Only single-family properties (with 1 or 2 units) that are owner-occupied are allowed.

This program has higher loan-to-value limits (LTV) than FHA loans. The LTV is 97% for 1-unit properties and for 2-unit properties it’s 95%.

Other programs in Louisiana:

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