The ADDI is a stand-alone down payment assistance program which is offered to low-income homebuyers who are having trouble saving for the up-front costs of purchasing a home. The program provides the greater of 6 percent of the purchase price or $10,000 when the homebuyer qualifies for a first mortgage with a participating lender.

We are approved by the U. S. Department of Housing and Urban Development (HUD) to provide counseling, education and advice in housing issues to new and existing homeowners.

If you or your parent was a Louisiana resident at the time of your graduation from college, you may be eligible for a grant to purchase your first home. To qualify, your degree can be either an associate's, a bachelor's, a master's, or any other postgraduate degree, and you must have graduated after January 1, 2008. No grants will be given before January of 2013. All grants will take into consideration the amount of individual Louisiana income tax paid by the graduate from 2008 to 2013, and will be given for the lesser of that amount or $10,000-$15,000 depending on marital status. All recipients must agree to live and work in Louisiana for a minimum of 5 years.

The LHFA offers several options for first-time homebuyers to secure a 30-year fixed mortgage. There are four levels of interest rates, ranging at present from 4.1 percent to 6.1 percent, depending on need. All options offer down payment assistance, in some cases up to 9 percent of the purchase price of the home. Income and other limits apply.