Lafayette Community Development Fund down payment loan
First-time buyers in Lafayette Parish can borrow up to $8,000 toward a down payment through the Lafayette Public Trust Financing Authority, repaid as a 5%, 15-year second mortgage of about $63.26 a month.
Lafayette Community Development Fund First Time Homebuyers Downpayment Assistance
Money may run out
Lafayette Parish
Help available
Up to $8,000 as a 5% 15-year second-mortgage loan ($63.26/mo)
Kind of help
Loan with monthly payments
Who it's for
First-time homebuyers in Lafayette Parish
Income cap
$86,520 (household of 1-2); $100,940 (3+) per brochure
Price cap
$316,177 maximum acquisition cost
Only for first-time buyers?
Yes
Also worth knowing
LCG Home Ownership Training (HOT) course; due in full if the buyer stops occupying the home
Brochure uploaded Dec 2022 with no print date, so limits may be outdated. Contact 337-504-2314.
Want a heads-up? Lafayette Community Development Fund First Time Homebuyers Downpayment Assistance works from a limited pot that can run dry. Ask us to tell you when a new round of money opens.
A repayable loan, not a grant
This assistance comes from the Lafayette Community Development Fund, administered with the Lafayette Public Trust Financing Authority (LPTFA). Unlike the state's forgivable seconds, it is an amortizing loan. You borrow up to $8,000 at 5% over 15 years, and the brochure puts the payment at $63.26 a month, which adds to your monthly housing cost. If you stop living in the home, the remaining balance is due in full.
The figures come from a brochure uploaded in December 2022 with no print date, so limits and terms may have been updated. Confirm the current version before you plan around it.
Income, price and training rules
Household income can be up to $86,520 for one or two people and $100,940 for three or more, and the acquisition cost of the home can't exceed $316,177. You must be a first-time buyer and complete Lafayette Consolidated Government's Home Ownership Training (HOT) course. For comparison, HomeStart Assist limits in the parish are $90,300 and $103,845. The Lafayette Parish guide covers Lafayette, Youngsville, Broussard, Carencro and Scott.
How it fits with other Lafayette options
Lafayette Parish buyers have several first mortgage paths: LHC's HomeStart Advantage (4% forgivable, $125,000 cap, no first-time rule), HomeStart Assist, and CAFA First Home, which serves the parish. Lafayette Consolidated Government also runs its own down payment program, though its published terms conflict. No source states whether this $8,000 loan can sit behind a HomeStart or CAFA first mortgage, so a participating lender confirms whether they combine. Because it carries a monthly payment, weigh it against forgivable help; our guide to grant, forgivable and repayable help shows how each affects you later.
Getting started
Call the program at 337-504-2314 to confirm current limits and funding. Sign up for the HOT course early so it doesn't hold up your closing. Then ask your lender to show you the payment with and without this loan so you can see the real monthly difference. If that payment strains your budget, compare it with the 4% forgivable seconds from HomeStart Advantage and CAFA, which carry 0% interest and are forgiven over five years, and ask whether the brochure's income limits are still current. You can also check your eligibility for the state program before calling.
Summarized from the program's official page as of November 2026. Funding and rules can change, so confirm the current terms with the program or a lender who takes part. Louisiana Down Payment Assistance has no connection to this program.
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