The Homebuyer Assistance Program is designed to help income-eligible residents overcome financial barriers to purchasing a home by providing down payment assistance.
Donor Name: City of West Monroe
State: Louisiana
City: West Monroe
Type of Grant: Grant
Deadline: 04/17/2026
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
This support helps make homeownership more attainable for individuals and families ready to invest in their future in West Monroe.
Funding Information
- Up to $25,000 for down payment assistance
- Assistance structured as 0% interest forgivable loan
- Soft Second mortgage
- 20% of the loan amount forgiven each year, fully forgiven after five (5) years
- Repayment only triggered if the home is used for any reason other than primary residence before the end of five (5) years
Eligibility Criteria
Review policy for full eligibility requirements
- First-time home purchase (no home ownership within the last three (3) years)
- Use as primary residence for at least five (5) years
- Home must pass environmental standards
- Buyer must have min credit score of 620
- Home must be within the city limits of West Monroe
- Buyer must complete approved homebuyer counseling course
- Household income at or below 80% AMI
For more information, visit City of West Monroe.
