OUR QUALIFICATION CRITERIA HAVE BEEN DESIGNED TO MIRROR THAT OF THE CITY OF NEW ORLEANS SOFT SECOND MORTGAGE PROGRAM. TO DETERMINE WHETHER YOU QUALIFY, VISIT THE CITY'S WEBSITE WWW.NOLA.GOV/SOFTSECONDS AND READ THE ELIGIBILITY SECTION. IF YOU BELIEVE YOU MEET THE PROGRAM REQUIREMENTS, SIGN UP FOR A FIRST-TIME HOMEBUYER CLASS AT ONE OF THE ORGANIZATIONS LISTED ON THE WEBSITE. WHEN YOU COMPLETE THE CLASS, SELECT A PHA HOME, SIGN A PURCHASE AGREEMENT AND APPLY FOR A MORTGAGE FROM ONE OF THE LENDERS LISTED ON THE WEBSITE. IF YOU QUALIFY FOR A PRIMARY MORTGAGE, THE LENDER WILL SUBMIT A SOFT SECOND MORTGAGE APPLICATION TO THE CITY ON YOUR BEHALF. IF THE APPLICATION IS APPROVED THE CITY WILL SET A CLOSING DATE ON WHICH YOU WILL PURCHASE THE HOME FROM PHA.
