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Standard Mortgage's Keys for Service Program

A housing assistance program designed to support Louisiana's essential workers.

Program Details

Property must be in Louisiana
Must be your primary residence
Do not need to be a first-time homebuyer
Property must be single-family, townhouse, condo, or manufactured home
Homebuyer education class may be required
Purchase price limit $479,439
Household income limit $125,000
Minimum credit score of 640

Program Benefits

Down payment and/or closing costs assistance that is equal to 4% of the loan amount in the form of a soft-second forgiven after 60 months
Reduced MI for conventional loans
Minimum Down Payments:
- Conventional: 3–5%
- FHA 3.5%
- VA/RD: 0%

Qualifications (active, full-time employee of one)

Employees of city, parish, or state law enforcement or emergency response agency
Firefighters
Licensed paramedics
Public safety telecommunicators
Teachers of a city, parish, state, or private school board; must hold a Louisiana teacher’s certification
Employees of hospitals, offices of physicians, pharmacies, drug stores, outpatient care centers, nursing care facilities, assisted living centers, chiropractic clinics or dental offices

Standard Mortgage Corporation (SMC) NMLS #44912 is an Equal Housing Lender. SMC is licensed or registered as a residential mortgage company in Louisiana #RML 496-0; Alabama #4929; Arkansas #10626, Colorado, Florida #MLD502, Georgia#14750, Mississippi #44912, North Carolina #L-124936, Oklahoma #ML010154, South Carolina #MLS-44912, Tennessee #108900, Texas and Virginia MC - 7619 (http://nmlsconsumeraccess.org). Credit and collateral are subject to approval. Terms and conditions may apply. Programs, rates, terms, and conditions are subject to change and to borrower(s) qualification. This is not a commitment to lend. For refinance advertisements that state a reduction on the monthly payment, please note: the total finance charges may be higher over the life of the loan.