Series 2023 Single Family Mortgage Revenue Bond Program

The Series 2023 Single Family Mortgage Revenue Bond Program is for first-time homebuyers with a minimum credit score of 640 who meet the income limits in the Program Guidelines. It includes a 30-year, fixed rate mortgage, and a 5-year forgivable second mortgage, with 0% interest, to assist with down payment and closing costs. This program can be combined with the Heroes to Homeowners program for borrowers who qualify.

Program Highlights

30-year, fixed rate first mortgages for First Time Homebuyers:

  • FHA, VA, or USDA mortgage rate: 6.10%
  • Freddie Mac or Fannie Mae mortgage rate:  6.32%
  • 4% down payment assistance provided to borrower(s) in the form of a 0% interest, deferred second mortgage
  • Forgiven after 5 years
  • Please refer to Program Guidelines for income limits

Servicer: Standard Mortgage Corporation

Program Administrator: Jefferson Parish Finance Authority

Series 2023 Single Family Mortgage Revenue Bond Program may be combined with our Heroes to Homeowners and Welcome to Jefferson programs.

Rates

Requirements

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Credit Score

Minimum for all loan types:
640

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Income Limits

Variable:
Calculated per Program Guidelines

Income is calculated per Agency guidelines.

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Location Requirements

Approved Locations:

Jefferson Parish

St. Tammany Parish

Additional Information

Program Guidelines and Exhibits for participating lenders are coming soon!

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Borrowers: Contact a Lender To Apply

JPFA does not accept applications for the programs we offer. In order to apply for the Series 2023 Single Family Mortgage Revenue Bond program, you need to go through a qualified lender.

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Lenders: Become a Qualified Lender for the Series 2023 Single Family Mortgage Revenue Bond Program

Looking to become a qualified lender for the Series 2023 Single Family Mortgage Revenue Bond program?

Our bond program is now open for reservations! Visit the program page to learn more and apply!

The Comfort of Home Program's second loan term has been reduced from 15 years to 5 years effective 3.25.24!

The JPFA office will be closed on Monday, May 27, 2024, in observance of Memorial Day.