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First-time home buyer programs in Waggaman, LA

Quick answer

First-time buyers in Waggaman, LA can use 3%-down conventional loans (up to the $832,750 Jefferson Parish conforming limit), 3.5%-down FHA, or VA and USDA where eligible. On the $158,500 median home, 3% down is about $4,755 and the estimated payment is $1,430/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $59,566; value-to-income ratio 2.66. Waggaman ranks 49 by home value and 55 by population among 57 places in our LA dataset.

What does a first-time buyer loan cost on a typical Waggaman home?

ItemWaggaman
Median home value (Census ACS)$158,500
Louisiana median home value$208,700
Down payment (3%)$4,755
Loan amount$153,745
Estimated monthly payment (PITI + MI)$1,430
Income needed (28% / 36%)$62,000 / $48,000
Jefferson Parish 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Louisiana's 0.55% effective property tax rate (Census ACS), $3,027/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Waggaman?

Waggaman is in Jefferson Parish. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The Waggaman median home value of $158,500 is 24% below the Louisiana median, and within what the county limit supports.

Which down payment assistance programs can Waggaman buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

First-time buyer loans in nearby cities

River RidgeKennerMetairieDestrehanLulingMarrero

First-time buyer loan FAQs for Waggaman

On the $158,500 median: 3% conventional ≈ $4,755, 3.5% FHA ≈ $5,548, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Jefferson Parish become jumbo loans.

At the $158,500 median value (below the Louisiana median of $208,700), the estimated payment of $1,430/month at 7.18% needs about $62,000 a year under the 28% housing guideline, or $48,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.