Pathway to Homeownership
Soft-Second Mortgage Loan Program

The Pathway to Homeownership Soft-Second Mortgage Loan Program is a ‘gap’ financing home mortgage program from which soft-second loans can be made to finance the purchase of housing primarily in the Housing Opportunity Zones or homes in Orleans Parish that sustained at least $5,200 worth of Katrina or Rita damage. The funds are intended to serve households of various incomes and homeownership needs.

Currently Available

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 is a single parent who no longer owns a home because of a divorce. This fund is intended to serve low to moderate income families who are purchasing homes in the Housing Opportunity Zones or homes in Orleans Parish that sustained at least $5,200 worth of Katrina or Rita damage.

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.