The Finance Authority of New Orleans presents its Welcome Back Home Loan Program with
mortgage interest rates as low as 5.625%. Our home mortgage loan program is designed to help you renovate
your home, purchase a new home, or purchase and renovate an existing home in Orleans Parish. This mortgage loan program is
not limited to the first-time homebuyer and is available for all income groups. All of our loans are 30
year fixed rate mortgages.
If you’re a first-time homebuyer or you had a home that was made uninhabitable by Hurricane Katrina,
you may qualify for down payment assistance up to 4% of your loan amount with our 5.875% low-interest
mortgage loan product.
The Welcome Back Home Loan Program does not discriminate on the grounds of race, sex, religion, age,
disability or national origin.
| |
Product #1
(Purchase/Rehab Mortgage
Loan w/DPA)
|
Product #2
(Purchase/Rehab or Refi/Rehab
Mortgage Loan w/out DPA)
|
Product #3
(Non-Rehab Mortgage
Loan w/DPA)
|
Product #4
(Non-Rehab Mortgage
Loan w/out DPA)
|
| |
FHA/VA
|
Conv.
|
FHA/VA
|
Conv.
|
FHA/VA
|
Conv.
|
FHA/VA
|
Conv.
|
|
Mortgage Loan Rate
|
5.875%
|
6.00%
|
5.625%
|
5.75%
|
5.875%
|
6.00%
|
5.625%
|
5.75%
|
|
Assistance Provided (DPA)
|
4.00%
|
4.00%
|
None
|
None
|
4.00%
|
4.00%
|
None
|
None
|
|
Origination Fee
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
|
Supplemental Origination Fee
|
1.50%
|
1.50%
|
1.50%
|
1.50%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
To learn more about the Welcome Back Home Loan Program click here
For more information on any of our programs, please call
(504) 524-5533 .
