‘Pathway to Homeownership’ Soft-Second Mortgage Loan Program

The ‘Pathway to Homeownership’ Soft-Second Mortgage Loan Program is a ‘gap’ financing home mortgage program with three separate pools of funds from which soft-second loans can be made to finance the purchase or renovation of housing in the Housing Opportunity Zones. The funds are intended to serve households of various incomes and homeownership needs.

• The First Time Homebuyer Fund offers soft-second mortgage loans 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 is intended to serve low to moderate income families who are purchasing homes in the Housing Opportunity Zones. [OPEN FOR APPLICATIONS]



• The Homebuyer Opportunity Fund offers soft-second mortgage loans up to $50,000 and a closing cost assistance grant up to $5,000 for homebuyers with higher incomes who are purchasing homes in the Housing Opportunity Zones. [AWAITING FINAL HUD CLEARANCE]



• The Welcome Back Home Fund offers soft-second mortgage loans up to $50,000 for present homeowners to complete the needed and required renovations of their principal residence that is located within the Housing Opportunity Zones. [AWAITING FINAL HUD CLEARANCE]

To learn more about the ‘Pathway to Homeownership’ Soft-Second Mortgage Loan Program click here.

For more information please call (504) 524-5533 local or (877) 524-5533 toll free.

To fill out the pre-application, CLICK HERE.