Louisiana Housing Program – Down Payment Assistance
Down Payment Assistance for First-Time and Repeat Buyers
In partnership with Louisiana Housing Corporation, GMFS Mortgage offers down payment assistance programs for qualified first-time and repeat Louisiana homebuyers.
This is a FORGIVABLE assistance offering that can be paired with both Conventional and Government first and repeat mortgages.
- up to 4% down down payment assistance – can also be used towards closing costs
- competitive interest rates
- assistance to those with approved credit
- special incentives for first responders and teachers**
Contact a GMFS Mortgage Loan Officer to learn if you qualify for down payment assistance!
Prepayment penalty may apply if the loan is paid off earlier than the terms specified in the loan documents
*Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.
**active, full time employment at city, parish or state police, fire department or paramedic. Active, regular, full time employee of a state, parish, city or private school board, holding a Louisiana teacher’s certificate
|Loan Term||Down Payment||Annual Percentage Rate||Estimated Monthly Payment|
|30 year fixed rate||10% (90% LTV)||4.75%||$1,043|