Louisiana Home Buying Guide
South Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes Louisiana Unique
No transfer tax
Strong homestead exemption on first $75,000 of assessed value
Attorney required — unique civil law system
First-Time Buyer Programs in Louisiana
LHC Soft Second Program
Contact your state housing finance agency for current eligibility and rates
LHC Market Rate GNMA
Contact your state housing finance agency for current eligibility and rates
Resilience Soft Second
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Louisiana
Attorney at Closing
Attorney Required at Closing
Louisiana requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.
Local Tips for Louisiana Buyers
Louisiana uses the Napoleonic Code — real estate law differs.
Flood insurance is often required — add to monthly budget.
LHC Soft Second provides up to $35,000 at 0% interest.
Estimated Annual Ownership Cost in Louisiana
Based on the median home price of $210,000 with a 10% down payment and 7% mortgage rate.
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