Outside of Orleans Parish, potential homebuyers are finding great new programs to assist them in the dream of becoming homeowners. The Jefferson Parish Finance Authority (JPFA) has an amazing program available to provide pathways to homeownership in Jefferson Parish.
The JPFA is now offering a competitive 30-year fixed rate mortgage with a Down Payment Assistance (DPA) Grant. The grant is equal to 3% or 4% of the loan amount to qualifying homebuyers for FHA, VA, or RHS loans. The second option available in the program from JPFA is a grant that is equal to 3% of the loan amount to qualifying home buyers for a Freddie Mac HFA Advantage Loan.
In order to qualify for this program potential home buyers must have a credit score of at least 640 and not exceed income limits of 115% of HUD Median Income. For the Freddie Mac HFA Advantage Loan there is no income limit to qualify for the program.
To find out more information on this program and other financing options in Jefferson Parish visit, www.jpfinanceauthority.com or contact one of our agents today.