Community Reinvestment Lending

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Community Reinvestment Mortgage Loan Program

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This program offers qualified low-to-moderate income borrowers a mortgage loan option that provides up to 100% financing of the home’s purchase price.  This loan is secured by a first and second mortgage on owner-occupied single-family dwellings.

Details
  • 100% financing of the purchase price of a home. (First mortgage – 90%, Second mortgage – 10%)
  • Borrower pays closing costs at a reduced rate. Closing costs may include loan verification fees, title fees, prepaids and other miscellaneous fees.
  • No Private Mortgage Insurance (PMI) required
  • Minimum credit score: 620
  • Designed for qualified borrowers with a total income not exceeding 80% of the area median income determined by each parish or MSA by HUD. Limits updated annually. See HUD's website for details.
  • Eligible property types include single-family homes, townhouses and patio homes.
  • Homebuyer education certificate must be complete through a HUD approved agency.
  • Borrowers cannot own another home. If the borrower owns another home, it must be sold prior to the closing of a Community Reinvestment Loan at Home Bank.

Other Assistance Programs

Ask us about our other down payment assistance programs that may be offered regionally. 

Federal Home Loan Bank of Dallas’s Homebuyer Equity Leverage Program (HELP)

  • Up to $15,000 in down payment and/or closing cost assistance. Closing costs may include loan verification fees, title fees, prepaids and other miscellaneous fees.
  • Applicants’ total income cannot exceed 80% of the area median income determined by each parish or MSA by HUD. Limit updated annually. See HUD's website for details.
  • Limited to properties in parishes/counties within Home Bank’s footprint
  • Limited to first-time homebuyers
  • Note: HELP funds are available until the funds are exhausted or until the end of the calendar year, whichever comes first.

Louisiana Housing Corporation Mortgage Revenue Bond (MRB) Home & Assistance

  • Up to 9% down payment and/or closing cost assistance. Closing costs may include loan verification fees, title fees, prepaids and other miscellaneous fees.
  • Limited to first-time homebuyers
  • More information available at Louisiana Housing Corporation's website.

Capital Area Finance Authority (CAFA) Gold 100 Program

  • Up to 7% of loan amount in assistance
  • Available in 37 Louisiana parishes
  • More information available at CAFA's website.

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Approval is subject to Home Bank credit and other qualifications. Home Bank NMLS #483958