FINANCING HELP & QUESTIONS

Buying your first home is a big step - and having the right information can make all the

difference. Whether you’re ready to explore your options now or planning ahead,

speaking with a licensed loan professional is a helpful first step.

Mia Hegwood with NOLA Lending Group is available to discuss your current financial

situation and help you understand potential loan options. Through the prequalification

process, she can provide an estimate of what you may be eligible for based on the

information you provide.

If you’re not quite ready to qualify today, Mia can also offer general guidance on steps

that may help strengthen your financial profile over time. For buyers considering homes

that may be completed in the next 6 months, planning ahead can be especially

beneficial.

Why consider reaching out now?

•  Gain a general understanding of potential loan options
•  Identify factors that may impact qualification
•  Receive guidance on steps that could help you prepare
•  Be better informed as you plan your homebuying timeline

Louisiana and various parishes provide various bond programs for first-time

homebuyers. Some assist low-to-moderate-income families. While others aid first

responders, education professionals, and healthcare workers. These programs may

include down payment assistance, reduced interest rates, and/or forgivable loans to

support homeownership. Discover how these programs can help you buy a home in

Louisiana.

The Louisiana Housing Corporation works with homebuyers, lenders, realtors

and homebuyer counselors to make homeownership a reality for the people of

Louisiana.

Mortgage Revenue Bond (MRB) Home Program

Mortgage Revenue Bond (MRB) Program

Mortgage Revenue Bond (MRB) Keys for Service

*A homebuyer education certificate is required for all LHC loans, regardless of

the loan type.

The services and products advertised are not approved or endorsed by HUD, FHA,

USDA, the Department of Veterans Affairs (VA), or any government agency.

Advertisement for credit. Loans are subject to credit and property approval. Program

terms, conditions, and availability are subject to change without notice. Restrictions may

apply. This is not a commitment to lend. Not all applicants will qualify. NOLA Lending

Group, a division of First Federal Bank | Equal Housing Lender | NMLS #408902

Thinking about buying your first home? Consider down payment assistance.

Here are some reasons to buy sooner than later.

•  Get 100% financing with an FHA first mortgage for 96.5% and a Down Payment

                  Assistance loan for the remaining 3.5%. 

•  Available in most states; not eligible in Washington or New York
•  No income limits 
•  No first-time homebuyer requirements 
•  As low as a 600 credit score 

1) Down Payment Assistance may be available to cover the FHA required 3.5%

down payment for qualified borrowers. Down payment assistance may be in the form

of second lien. 

2) The interest on the portion of the credit extension that is greater

than the FMV of the dwelling is not tax deductible for federal income tax purposes;

and the consumer should consult a tax advisor for further information regarding the

deductibility of interest and charges. 

3) FHA loans are insured by the Federal Housing Administration. Program guidelines and eligibility requirements apply. 

4)Subject to program guidelines and eligibility requirements. 

5) Borrowers are not required to be first-time homebuyers; however, at least one borrower must complete an approved homebuyer education course. Contact your lender for additional

information. 

6) Minimum credit score of 600 with acceptable automated underwriting

findings. Manual underwriting requires a minimum of 660 credit score. Credit score

requirements may vary based on loan programs and other factors. 

This is not a government agency advertisement and is not affiliated with or endorsed by HUD or

FHA. Advertisement for credit. Loans are subject to credit and property approval.

Program terms, conditions, and availability are subject to change without notice.

Restrictions may apply. This is not a commitment to lend. Not all applicants will

qualify. NOLA Lending Group, a division of First Federal Bank | Equal Housing

Lender | NMLS #408902

The services and products advertised are not approved or endorsed by HUD, USDA,

the Department of Veterans Affairs, or any government agency.

Information stated above is subject to change without notice. All applications are subject

to underwriting guidelines and approval. This does not constitute an offer to lend or offer

an extension of credit. All loans are subject to credit approval. Not all applicants will

qualify for all products offered. All loan programs, terms and interest rates are subject to

change without notice and may only be available in select markets.