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EBRMFA Borrower Qualifications
- The East Baton Rouge Mortgage Finance Authority’s loan program is for borrowers with acceptable credit. The Authority does not provide “sub-prime loans.” Borrowers must have a credit score of at least 620.
- The Authority program is for 30-year fixed rate first mortgage loans.
- Applicants can obtain FHA, VA, RHS and conventional loans in East Baton Rouge Parish.
Maximum annual household income limits* for borrowers are:
| Targeted Areas |
Non-targeted Areas |
| 1-2 person household…..$71,760 |
1-2 person household…..$59,800 |
| 3 + person household…..$83,720 |
3 + person household…..$68,770 |
- $316,177 is the maximum purchase price of a home that may be financed through the Authority program for targeted areas.
- $287,434 is the maximum purchase price of a home that may be financed through the Authority program for non-targeted areas.
- Applicant must occupy the home as his/her primary residence as long as this loan is outstanding.
* Effective until September 1, 2010
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