Calcasieu Parish Public Trust Authority
New Low Interest Loan and Down Payment Grant Program

The Calasieu Parish Public Trust Authority has a new program for ALL home buyers.  If you are a second, third or tenth-time homebuyer you can qualify for this program!

A new low interest rate and a down payment grant are features of a new Mortgage Revenue Bond Program now being offered.   A total of $15 million will be distributed as low-interest mortgage loans to homebuyers using new competitive rates. 

The program now has a low interest rate of 6.10% along with 4% in closing cost assistance.  It means that a homebuyer who borrows $100,000 for a new home may be eligible for the closing cost help in the amount of $4,000.

The down payment assistance offered by the Trust Authority is a grant and therefore does not need to be paid back.

Buyers who have owned a home before can qualify for this program as long as they meet the mortgage loan guidelines and income and purchase price guidelines for the program.  Purchasers can be second, third or tenth-time homebuyers and use the program.

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Other features:

The Calcasieu Parish Public Trust Authority has increased the number of parishes that are eligible for its new Mortgage Revenue Bond program.  Low interest loans and assistance will now be available in:

• Allen
• Beauregard
• Calcasieu
• Cameron
• Jefferson Davis

This program is unique for several reasons:

1. The added coverage in the five-parish area is open to ALL buyers  who qualify.
2. The low 6.10% interest rate.
3. New higher income and purchase price limits.

The Mortgage Revenue Bond program offers below market interest rates to families who qualify under the program in addition to assistance.

In order to participate in the Program, homebuyers must meet certain eligibility requirements, purchase a home and obtain a mortgage loan through a participating Lender.

Income Limits:

A borrowing family's current annualized gross monthly income must not exceed certain limits. The maximum income limits of the program are as follows (subject to change):

For Calcasieu  and Cameron Parish:

1. Call a participating lender, builder or contact a local Realtor for details.
2. Select a home to purchase.
3. Meet CPPTA Bond Program guidelines and qualify for a home loan.
4. Complete the loan process and close the Bond Loan.
5. Enjoy your own new home!

Cameron State Bank

2911 Ryan Street Lake

Charles, LA  70601 

337-312-7660

Countrywide Home Loans

111 Landry Street

Sulphur, LA 70663 

337-528-5834

First Federal Bank of Lousiana 

1135 Lakeshore Drive

Lake Charles, LA 70601 

337-433-3611 

Home Loan, Inc. 

3200 Westwood #82 

Westlake, LA  70669 

337-433-8975 

Whitney Bank

3401 Ryan Street

Lake Charles, LA  70605 

337-480-2058

Sabine State Bank & Trust

1527 North Pine Street 

DeRidder, LA 70634 

337-463-3638 

Call 337-437-3520.