The Finance Authority OF NEW ORLEANS BOND LOAN PROGRAM
WHO MAY PARTICIPATE?
FIRST TIME and NON-FIRST TIME HOMEBUYERS This program is not limited to only first time homebuyers. The purchaser must intend to occupy the home as their principal residence.
NEW HOUSEHOLD INCOME LIMITATIONS
Family of 2 or Less: $70,560 Family of 3 or More: $82,320 30 YEAR FIXED HOME MORTGAGE LOANS
*1 Down Payment Assistance is limited to First-Time Homebuyers and is awarded as a soft second loan with no principal or interest payments; forgivable at 1/60 per month over 60 months.