New Orleans Soft Second Mortgage Program

City of New Orleans Community Development

Available Down Payment

About This Program

Provides a forgivable second mortgage to help low- and moderate-income homebuyers bridge the gap between the first mortgage and purchase price. Forgiven after 10 years of owner-occupancy in New Orleans, including Carrollton.

Second mortgage loan forgiven after 10 years of owner-occupancy

Key Details

  • Up to $40,000 forgivable second mortgage
  • Income at or below 80% AMI
  • Forgiven after 10 years of occupancy
  • Covers gap between first mortgage and price
  • Available for Carrollton home purchases

How to Apply

A grant-savvy contractor in Carrollton, LA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing while funds available

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Carrollton, LA

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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