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Louisiana Housing Program – Down Payment Assistance

Louisiana Housing Program – Down Payment Assistance

CategoriesNews & Awards / Realtor / Realtor Blog / Rural Development USDA / USDA / VA Loans

Rebecca Squyres

January 30, 2023

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.

Features:

  • 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!

Get Started with GMFS Mortgage

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
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GMFS Mortgage is a BBB Accredited Mortgage Lender in Baton Rouge, LA

 

Equal Housing Lender. ©2017 GMFS LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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