The Sibley Group at Keller Williams Realty 455-0100

Your Home For New Orleans Real Estate

  • Home
  • Sellers
    • Make a Good First Impression
    • What’s My Home Worth?
    • Determining The Value of Your Home
    • Foreclosure & Short Sales
      • What is a “Short Sale”?
      • Short Sale Process
    • Real Estate Glossary
  • Buyers
    • Find Homes For Sale
    • Get Pre-Approved
    • Making an Offer
    • Mortgage Resource Center
      • FHA Loans
      • RD Financing – Rural Development Loans
      • VA Loans
      • Construction & Renovation Loans
    • Real Estate Glossary
  • Communities
    • Northshore
      • Slidell
      • Mandeville
      • Covington
    • Southshore
      • Uptown
      • Garden District
      • Carrollton / University
      • Broadmoor
      • Lakeview
      • Mid City
      • Warehouse District and CBD
      • French Quarter
      • Marigny and Bywater
      • Metairie
  • Resources
    • Local Area Schools
    • Moving Center
    • Preferred Vendors
    • Hurricane Preparedness
    • Blog
  • Listings
    • View Our Listings
    • Search All Listings
  • About Us
    • The Sibley Group
      • Our Team
      • Reviews & Testimonials
    • Keller Williams Realty
    • Careers
    • Choosing a REALTOR
    • Client Services
  • Contact Us
  • Property SearchSearch Homes By Map
  • Listings By EmailListings Updates Sent To Your Inbox
  • Home ValuationWhat Is Your Home Worth?
  • My AccountLogin To Save Listings And Searches
You are here: Home / Blog / First Time Home Buyer Grant Money Now Available in St. Tammany

First Time Home Buyer Grant Money Now Available in St. Tammany

December 13, 2013 by John Sibley

St. Tammany Parish Soft Second Program Provides 100% Financing – First Time Home Buyer Grant Program

First time home buyer grant money is now available to assist buyers with purchasing their dream home in St. Tammany Parish. A qualified purchaser will receive a Soft-Second Loan for 20% of the purchase price up to $30,000 available for down payment and up to $5,000 for closing cost based on need. Maximum Purchase Price $200,000 for qualified home buyers to purchase a new or existing home for Single family or 2-unit properties.

  • First Time Home Buyer Grant Money Now Available in St Tammany ParishUp to $35,000 assistance available for down payment and closing costs
  • Minimum required home buyer investment-greater of 1% or $1,000
  • Minimum 640 credit score
  • Single family or 2-unit properties are eligible
  • Borrower must complete homebuyer training course

Eligible Borrowers

First time homebuyers with annual household incomes at or below 120% area median income.  Income Limits will be adjusted annually according to HUD MSA publications.

Household Size:  1  Income Limit:  $49,440
Household Size:  2  Income Limit:  $56,520
Household Size:  3  Income Limit:  $63,600
Household Size:  4  Income Limit:  $70,560
Household Size:  5  Income Limit:  $76,320
Household Size:  6  Income Limit:  $81,960
Household Size:  7  Income Limit:  $87,600
Household Size:  8 Income Limit:  $93,240

A first-time homebuyer is an individual who meets any one of the following criteria:

  • An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers).
  • A single parent who has only owned with a former spouse while married.
  • An individual who is a displaced homemaker and has only owned with a spouse.

Soft Second Payment Requirement Upon Sale or Refinance

  • 0–3 years:  100% of Soft Second Loan
  • 3-4 years:  80% of Soft Second Loan
  • 4-5 years:  60% of Soft Second Loan
  • After 5 years:  $0 due

To qualify for this program as a first time home buyer, you may not have owned a principal residence in the three years prior to purchasing the property.

To find our if you may be eligible for the first time home buyer grant money, contact us today!

  • Please enter a number from 300 to 900.
  • This field is for validation purposes and should be left unchanged.

Filed Under: Blog, Buyers, Featured Blog Posts, Mortgage Financing

Homes By Price Range

Homes Under $200,000

Homes $200,000 – $300,000

Homes $300,000 – $400,000

Homes $400,000 – $500,000

Homes $500,000 – $600,000

Homes $600,000 – $750,000

Homes $750,000 – $1,000,000

Homes Over $1,000,000

Homes by School District

  • Your Contact Information

WHAT OTHERS ARE SAYING

John Sibley came highly recommended by a neighbor and he sold our house not only once but twice! A pipe burst upstairs and flooded the house and the first sale was cancelled. We were out of town and John and his staff handled everything from informing us of the problem to working with the adjusters giving them access to the house. When we got back in town just three days later, the damage was already cleaned up and we were ready to begin the repairs!

Default Avatar75
Marilyn, Slidell, LA
 

We were very happy with the service provided. As first time home buyers, we were initially anxious, however, John and the rest of the group helped us understand the home buying process and what to expect. They made sure we were well prepared by the closing and that our interests were top priority.

Default Avatar75
Jimmy, New Orleans, LA
 

John was great to work with. He provided good sound advice relative to marketing our home. He kept me informed through every step of the process from the initial listing to the closing. It was a great experience and I recommend the Sibley Group to anyone interested in purchasing or selling real estate property.

Avatar
Richard, Madisonville, LA
 

John Sibley and Lana Sibley Leonard were very instrumental in marketing my home both personably and professionally. Their drive and incentive made it possible for my home to sell in a quick, timely manner.

Avatar
Christina, Slidell, LA
 

Everyone throughout the process was extremely helpful. Dianna spent a lot of time, including late hours helping us find the right house.

Default Avatar75
Chris, Slidell, LA
 

John & company were always negotiating on my behalf and won the battle such as letting me have an Estate Sale w/o charging me rent for one week and then the new owner moved in. The Sibley Realty Group was always professional in every way.

Default Avatar75
Anonymous, Slidell, LA
 

Sibley's group is the best we've used.

Default Avatar75
Cathy & Will, Slidell, LA
 

John and the Sibley Realty Group had a great command of the market prices and an excellent marketing strategy to get new groups of people to look at our property. By using new technology to market to different buyers and target new groups of potential buyers the Sibley Realty Group met our goal of selling within 3 months. The entire office helped make the transition smooth and Lauren is very helpful making sure everyone is on the same page as you go through the closing process. It is good t(...)

Default Avatar75
Kevin, New Orleans, LA
 

Sibley Group delivered as promised.

Default Avatar75
Stan, New Orleans, LA
 

We are extremely grateful to have found Sibley Realty group. Initially I had called other realtors who were not so responsive since we did not live in the area. Jordan contacted me back right away and made us feel at ease with our first home purchase. We lived 7 hours away from where we were buying and Jordan was very accomendating to our schedule of only being able to make it down on the weekends. The whole office are a bunch of true professionals that we owe more gratitiude to then we can(...)

Default Avatar75
Troy, Slidell, LA
 

From Our Blog

Experts Forecast a Turnaround in the Housing Market in 2023

The housing market has gone through a lot of change recently, and much of that was a result of how … [Read More...]

Should You Rent Your House or Sell It?

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a … [Read More...]

About Us

The Sibley Group has a team of Realtors to meet all of your real estate needs throughout the New Orleans Metropolitan area. We have agents that specialize on the Northshore and Southshore, including New Orleans, Slidell, Metairie, Covington, Mandeville, Pearl River, and Lacombe.


Trust a real estate team with a long-standing tradition of service, expertise, and professionalism in the local area.


John Sibley reviews
The Sibley Group
Keller Williams Realty 455-0100

3197 Richland Ave, Metairie, LA 70002

Northshore: 985.326.9755
Southshore: 504.571.9755
Broker: 504.455.0100

From Our Blog

Experts Forecast a Turnaround in the Housing Market in 2023

The housing market has gone through a lot of change recently, and much of that was a result of how … [Read More]

Should You Rent Your House or Sell It?

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a … [Read More]

Search Links

  • Search Listings
  • Search by Map
  • Login






Keller Williams Realty Professionals

The name of the company is Keller Williams Realty 455-0100.
Each Office is Independently Owned & Operated.

Broker & Associates are licensed by the State of Louisiana.
Copyright © 2019 All Rights Reserved