Assurance Advantage Program

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The Capital Area Finance Authority (“CAFA”) provides homebuyer assistance to qualified homebuyers to purchase homes throughout the state of Louisiana. The Assistance is the form of a forgivable 2nd lien and can provide up to 6% of the final loan amount. The Assistance is provided in the form of a 7-year forgivable second loan. Funds can be used towards your down payment, closing cost, prepaid items or buy out mortgage Insurance.

BUYERS MUST MEET THESE ELIGIBILITY REQUIREMENTS TO QUALIFY:

  • Minimum FICO Score of 640

  • Debt to income ratio up to 50%

  • Maximum Sales Price for Conventional $510,400

  • Meet program income limits based on parish

Map of Parishes Participating in Assurance Advantage Program
Participating Parishes
Parishes NOT Approved with CAFA

Assurance Advantage Program Income Limits By Parish

Parish Conventional Income Limits for All Borrowers 80% and below AMI Conventional Income Limits for All Borrowers 80% and above AMI
Acadia $50,240 $77,420
Allen $46,560 $81,480
Ascension $62,000 $109,900
Assumption $51,760 $90,580
Avoyelles $42,000 $73,500
Beauregard $52,560 $91,980
Bienville $40,080 $66,780
Bossier $43,520 $79,380
Caddo $43,520 $79,380
Calcasieu $56,640 $99,120
Cameron $56,640 $99,120
Catahoula $58,100 $81,340
Concordia $50,100 $70,140
DeSoto $43,520 $79,380
East Baton Rouge $62,000 $109,900
East Carroll $40,080 $41,580
East Feliciana $62,000 $109,900
Evangeline $40,080 $61,600
Franklin $40,080 $70,140
Iberia $50,240 $76,720
Iberville $62,000 $109,900
Jackson $40,720 $71,260
Jefferson $56,320 $98,560
Jefferson Davis $45,920 $80,360
Lafayette $50,240 $91,280
Lafourche $53,760 $94,080
Livingston $62,000 $109,900
Madison $40,080 $53,620
Morehouse $40,080 $61,460
Ouachita $45,360 $79,380
Pointe Coupee $62,000 $109,900
Red River $42,720 $74,760
St. Bernard $56,320 $98,560
St. Helena $62,000 $109,900
St. James $56,320 $94,220
St. Landry $40,080 $61,320
St. Martin $50,210 $91,280
St. Mary $43,360 $75,880
St. Tammany $56,320 $98,560
Tangipahoa $43,280 $75,740
Terrebonne $53,760 $94,080
Union $45,360 $79,380
Vermillion $50,240 $87,920
Washington $40,080 $65,100
West Baton Rouge $62,000 $109,900
West Carroll $52,600 $73,640
West Feliciana $62,000 $109,900

Assurance Advantage Program Approved Lenders

Lender Website
Assurance Financial Mortgage https://www.Assurancemortgage.com