Direct Homebuyer Soft Second Mortgage Assistance (LA)
City of New Orleans Office of Community Development · City of New Orleans, Louisiana
At a glance: Up to $55,000 in soft second mortgage assistance. First-time buyer: Required (or no home owned in the past 3 years). Checked against the official page on Nov 3, 2026.
| Assistance type | Not verified on the official page — check the source |
|---|---|
| Amount | Up to $55,000 in soft second mortgage assistance |
| Income limit | At or below 80% of area median income |
| Purchase price limit | $324,000 |
| First-time buyer rule | Required (or no home owned in the past 3 years) |
| Status | Offered |
| Status note | Not verified on the official page — check the source |
| Details | Bridges the gap between the purchase price and the maximum first mortgage. Closing cost help of up to $5,000 (no more than 50% of total closing costs) is also available. HUD-approved homebuyer education and a first mortgage from an approved lender are required; the home must be in Orleans Parish. |
| Official source | https://nola.gov/next/community-development/programs/direct-homebuyer-assistance-program/ (opens in new tab) |
| Last checked | Nov 3, 2026 (automated fetch) |
Go to the official program page ↗ Report a correction
Other Louisiana programs
- HomeStart Assist — 4% of the first mortgage
- HomeStart Advantage — 4% of the first mortgage
- HomeStart Plus — Up to 20% of the purchase price (up to $55,000) plus up to $5,000 closing cost assistance
← All Louisiana programs · Check eligibility · Compare with other programs
Common questions
How much is Direct Homebuyer Soft Second Mortgage Assistance?
Up to $55,000 in soft second mortgage assistance (per the official page, checked Nov 3, 2026).
Do I have to be a first-time homebuyer for Direct Homebuyer Soft Second Mortgage Assistance?
Required (or no home owned in the past 3 years).
What is the income limit for Direct Homebuyer Soft Second Mortgage Assistance?
At or below 80% of area median income.
How does Direct Homebuyer Soft Second Mortgage Assistance work?
Bridges the gap between the purchase price and the maximum first mortgage. Closing cost help of up to $5,000 (no more than 50% of total closing costs) is also available. HUD-approved homebuyer education and a first mortgage from an approved lender are required; the home must be in Orleans Parish.
Is Direct Homebuyer Soft Second Mortgage Assistance still available in 2026?
The official page listed it as offered when we last checked on Nov 3, 2026. Funding can change, so confirm with the administrator.
Who runs Direct Homebuyer Soft Second Mortgage Assistance?
City of New Orleans Office of Community Development, City of New Orleans, Louisiana. Apply through the program or one of its participating lenders.
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