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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.

Southern Mortgage Assistance Program

Do you need help with your down payment?

We can help with either a 3% or 4% Down Payment Assistance Grant with a 30-year Fixed Rate Mortgage at a competitive rate. (grant does not have to be repaid)

With the Southern Mortgage Assistance Program, The Jefferson Parish Finance Authority offers residents a 30-year fixed rate mortgage with a Down Payment Assistance (DPA) Grant. The assistance covers either 3 or 4 percent of the loan amount for borrowers of FHA, VA, or RHS loans, or 3 percent of the loan amount for homebuyers with a Freddie Mac HFA Advantage Loan.

INTEREST RATE NOTICE FOR Southern Mortgage Assistance Program
Interest Rate Notice Date: 02/23/18
Type of Loan Rate Lock Period (to Lender) Mortgage Rate Borrower Assistance
FHA/VA/USDA-RHS 45 Day 5.875% 3.00
FHA/VA/USDA-RHS 45 Day 6.125% 4.00
Freddie Mac HFA Advantage 45 Day 4.750% 0.00
Freddie Mac HFA Advantage 45 Day 5.375% 3.00
Freddie Mac HFA Advantage 45 Day 5.750% 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.

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!

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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.

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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.

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