Jefferson Parish Finance Authority

Our Mission

Making dreams of homeownership come true

Why Jefferson Parish

Click here to view the many wonderful amenities our parish has to offer

Our Programs

Our programs and funding are immediately available for use. Take a look at our options and details.

Our Programs

Do you need help with your down payment?

We provide you with down payment assistance options spanning from 0%-6% with a 30-year fixed rate mortgage at a competitive interest rate. The grants require no repayment. Get started now to learn what options are available for you!

GET STARTED

INTEREST RATE NOTICE

Interest Rate Notice Date: 12/06/2022

Type of Loan	Mortgage Rate	Borrower Assistance*
FHA/VA/USDA-RHS	0.000	3.00%
FHA/VA/USDA-RHS	0.000	4.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred	6.375	0.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred	0.000	3.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred	0.000	4.00%
Fannie Mae Above 80% AMI	6.750	0.00%
Fannie Mae Above 80% AMI	0.000	3.00%
Fannie Mae Above 80% AMI	0.000	4.00%

* Please note on the SMAP program that USDA/RD rates are subject to the USDA Daily Maximum rate limit and may not be available to lock on a given day. Please verify with you lender for availability.

*45 Day Lock to Lender

COMFORT OF HOME PROGRAM

Interest Rate Notice Date: 12/06/2022

Mortgage Rate	Borrower Assistance*	Type of Loan	Income Restrictions**
GOVERNMENT LOANS
6.250%	0.00%	FHA, VA, USDA	=< $114,520
0.000%	2.00%	FHA, VA, USDA	=< $114,520
0.000%	3.00%	FHA, VA, USDA	=< $114,520
0.000%	4.00%	FHA, VA, USDA	=< $114,520
0.000%	5.00%	FHA, VA, USDA	=< $114,520
CONVENTIONAL LOANS
6.375%	0.00%	Fannie Mae OR Freddie Mac	=< $65,440
0.000%	3.00%	Fannie Mae OR Freddie Mac	=< $65,440
0.000%	4.00%	Fannie Mae OR Freddie Mac	=< $65,440
0.000%	5.00%	Fannie Mae OR Freddie Mac	=< $65,440
6.625%	0.00%	Fannie Mae	=< $114,520
0.000%	3.00%	Fannie Mae	=< $114,520
0.000%	4.00%	Fannie Mae	=< $114,520
Rate Lock to Lender:	70 Days***	Purchase by Servicer:	02/14/2023
Purchase Price:	102.00	Lender SRP****:	2.00

Our Programs

Congratulations! Investing in a home is a significant milestone in your life and likely to be your biggest financial commitment, as well as a commitment to your future and quality of life. Taking the steps toward home ownership can be overwhelming, but we’re here to help!

How Can I Apply?

Our qualified lenders will assist you in applying for our grant. Once you find a home that meets your needs, budget, and is within our home cost limits, it’s time to apply for your loan. You will need to select a lender from our Qualified Lenders page and complete an application.

Become A Lender

Thank you for your interest in partnering with JPFA to bring homeownership to our community. We are excited to provide a unique opportunity for your borrowers and look forward to collaborating to close affordable home loans with you while mitigating risk.