Homeownership Hub

Explore what's available

Homebuyer Assistance Links & Resources

Different forms of mortgage and down payment assistance are available, in the form of grants, soft second mortgages, lender-provided incentives, and affordable housing programs. These resources can help you turn your dream into your reality. Your REALTOR® can help you connect with these programs and more.

Placeholder Image

QUICK FACTS

Area Median Income (AMI)

AMI is the midpoint of income for households for a geographic area. It differs based on your household size and is  used to determine eligibility for many assistance programs.

Soft Second Mortgage

A soft second mortgage is a type of assistance that is used for down payment and closing costs. These loans are given at 0% interest and are frequently forgivable, if the buyer remains in the home for a certain amount of time.

Conventional vs. Federal loans

Conventional loans, from private lenders, typically require stronger credit and higher down payments, but may offer better interest rates. Federal loans are government-backed, which means lenders may be able to accommodate a wider range of credit scores and a lower down payment. Some federal loan types include FHA, VA, and USDA.

guides for homebuyers

Placeholder Image

Assistance Programs

Buying or keeping a home can be financially challenging—but you may not have to do it alone. There are assistance programs designed to help.

Learn More
Placeholder Image

Overcoming Barriers to Homeownership

Whether you're saving for a down payment, managing debt, or dealing with other barriers to entry, REALTORS® can help you find your dream home.

Learn More
Placeholder Image

Preparing for Homeownership

Whether you are a first-time buyer or planning your next move, here's what prospective buyers should know to prepare for the home purchase process.

Learn More
Placeholder Image

Buying Your First Home

You’re ready to find your first home. Find out where to begin and what resources are available to you as you embark on your homeownership journey.

Learn More

More guides are available, to answer your questions on all aspects on the homebuying and selling process, from mortgage options, to unpacking escrow and earnest money, to understanding flood insurance, and more. 


Placeholder Image

Getting set up for success

Homebuyer Education Courses

Homebuyer education courses help you prepare for the different aspects of homeownership. Some assistance programs require homebuyer education or financial fitness training as a condition of receiving assistance. 

The organizations below are local to our region and approved for various assistance programs. Their housing counselors can work alongside your REALTOR® to make sure you are well-equipped for all of the joys, challenges, and pride that comes with owning a home.

programs By parish

Become a Member

NOMAR is the voice of real estate for the ten parishes of the New Orleans region. When you join NOMAR, you become part of a rich legacy of advocacy, education and professionalism 110 years in the making.

Learn More
Image

Become a Member

NOMAR is the voice of real estate for the ten parishes of the New Orleans region. When you join, you become part of a rich legacy of advocacy, education and professionalism 110 years in the making.

Learn more