The Pathway to Homeownership is closer than you think.

The St. Bernard Parish Home Mortgage Authority is taking applications for a CDBG Soft Second Mortgage Program that offers Homebuyer’s a soft second loan of 20 percent of the purchase price up to $30,000 and 0% interest rate and no monthly payments and a grant of up to $5,000 for closing costs and down payment assistance on a need basis.

The soft second mortgage will be forgiven after the Homeowner has met the requirements of the Program and has lived in the home for five (5) years.

Maximum Purchase Price – $200,000.00

Minimum Required Homebuyer Investment

1% of Purchase Price or $1,000, whichever is greater

Eligible Participants

• First time homebuyers that meet the household incomes and purchasing a principle residence in St. Bernard Parish.
• An individual who has had no ownership in a principle residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers).
• A single parent who has only owned with a former spouse while married.
• An individual who is displaced/divorced homemaker and has only owned with a spouse.

Household Size               Income Limits

1                                       $50,400
2                                       $57,600
3                                       $68,800
4                                       $72,000

To apply for a mortgage loan under this Program or receive more detailed information on qualifying, contact Face to Face Realty at (504)239-8437.