Conchita L. Sulli, GRI, LTG, ABR

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"Where Service Is On The House"

    Have You Heard The Great News? The New Orleans Finance Authority has introduced the “Pathway to Homeownership’ Soft-Second Mortgage Program”.  The First Time Homebuyer Fund offers soft-second mortgage loans at zero (0%) per cent interest up to $65,000 and a closing cost assistance grant up to $10,000 for a homebuyer who has not owned a principal residence within the last three (3) years or no longer owns a home because of a divorce or death of spouse. This fund serves first-time homebuyers with household incomes of 80% or less of the metropolitan area median income (AMI) and who are purchasing homes in the Housing Opportunity Zones. Gross household incomes of qualifying borrowers for this fund cannot exceed the following: 1 person2 persons3 persons4 persons5 persons6 persons7 persons8 persons$33,500$38,300