CAFA First Home
The Capital Area Finance Authority (“CAFA”) provides homebuyer assistance to qualified homebuyers to assist in purchasing homes throughout the state of Louisiana. The Assistance is in the form of tax-exempt revenue bond and can provide up to 5% of the final loan amount. You must be a First Time Homebuyer for this program unless you are in a targeted census tract or if you are a Veteran. Funds can be used towards your down payment, closing cost or prepaid items. The fixed rate for government loans is 6.58%
BUYERS MUST MEET THESE ELIGIBILITY REQUIREMENTS TO QUALIFY:
Minimum FICO Score of 620 *640 for US Bank
Debt to Income Ratio up to 55% *45% for US Bank
Maximum Loan Amount for FHA $472,030
Meet Program Income Limits by Parish
Participating Parishes
Parishes NOT Approved with CAFA
CAFA First Home Income Limits By Parish
| Parish | Non-Targeted Loans Over 80% AMI: 1-2 Person Households | Non-Targeted Loans Over 80% AMI: 3+ Person Households | Targeted Loans Over 80% AMI: 1-2 Person Households | Targeted Loans Over 80% AMI: 3+ Person Households |
|---|---|---|---|---|
| Acadia | $75,200 | $86,480 | $90,240 | $104,720 |
| Ascension | $83,300 | $95,795 | $99,960 | $121,520 |
| Assumption | $75,200 | $86,480 | $90,240 | $121,520 |
| Avoyelles | $75,200 | $86,480 | $90,240 | $83,160 |
| Beauregard | $81,700 | $93,955 | $98,040 | $122,640 |
| Bienville | $75,200 | $86,480 | $90,240 | $83,160 |
| Bossier | $75,200 | $86,480 | $90,240 | $105,280 |
| Caddo | $75,200 | $86,480 | $90,240 | $105,280 |
| Calcasieu | $81,700 | $93,955 | $98,040 | $114,380 |
| Caldwell | $75,200 | $86,480 | $90,240 | $105,280 |
| Cameron | $81,700 | $93,955 | $98,040 | $114,380 |
| Catahoula | $75,200 | $86,480 | $90,240 | $105,280 |
| Claiborne | $75,200 | $86,480 | $90,240 | $105,280 |
| Concordia | $75,200 | $86,480 | $90,240 | $105,280 |
| East Baton Rouge | $83,300 | $95,795 | $99,960 | $116,620 |
| East Carroll | $75,200 | $86,480 | $90,240 | $105,280 |
| East Feliciana | $83,300 | $95,795 | $99,960 | $116,620 |
| Evangeline | $75,200 | $86,480 | $90,240 | $105,280 |
| Franklin | $75,200 | $86,480 | $90,240 | $105,280 |
| Grant | $75,200 | $86,480 | $90,240 | $105,280 |
| Iberia | $75,200 | $86,480 | $90,240 | $105,280 |
| Iberville | $75,200 | $86,480 | $90,240 | $105,280 |
| Jefferson Davis | $75,200 | $86,480 | $90,240 | $105,280 |
| Lafourche | $81,300 | $93,495 | $97,560 | $113,820 |
| LaSalle | $76,300 | $87,745 | $91,560 | $106,820 |
| Lincoln | $75,200 | $86,480 | $90,240 | $105,280 |
| Livingston | $83,300 | $95,795 | $99,960 | $116,620 |
| Madison | $75,200 | $86,480 | $90,240 | $105,280 |
| Morehouse | $75,200 | $86,480 | $90,240 | $105,280 |
| Natchitoches | $75,200 | $86,480 | $90,240 | $105,280 |
| Ouachita | $75,200 | $86,480 | $90,240 | $105,280 |
| Pointe Coupee | $83,300 | $95,795 | $99,960 | $116,620 |
| Rapides | $75,200 | $86,480 | $90,240 | $105,280 |
| Red River | $75,200 | $86,480 | $90,240 | $105,280 |
| Sabine | $75,200 | $86,480 | $90,240 | $105,280 |
| St. Bernard | $82,000 | $94,300 | $98,400 | $114,800 |
| St. Charles | $82,000 | $94,300 | $98,400 | $114,800 |
| St. Helena | $83,300 | $95,795 | $99,960 | $116,620 |
| St. James | $82,300 | $94,645 | $98,760 | $115,220 |
| St. John the Baptist | $82,000 | $94,300 | $98,400 | $114,800 |
| St. Landry | $75,200 | $86,480 | $90,240 | $105,280 |
| St. Martin | $82,600 | $94,990 | $99,120 | $115,640 |
| St. Mary | $75,200 | $86,480 | $90,240 | $105,280 |
| St. Tammany | $82,000 | $94,300 | $98,400 | $114,800 |
| Tangipahoa | $78,600 | $90,390 | $94,320 | $110,040 |
| Tensas | $75,200 | $86,480 | $90,240 | $105,280 |
| Terrebonne | $81,300 | $93,495 | $97,560 | $113,820 |
| Union | $75,200 | $86,480 | $90,240 | $105,280 |
| Vermillion | $77,300 | $88,895 | $92,760 | $108,220 |
| Vernon | $75,200 | $86,480 | $90,240 | $105,280 |
| Washington | $75,200 | $86,480 | $90,240 | $105,280 |
| Webster | $75,200 | $86,480 | $90,240 | $105,280 |
| West Carroll | $77,400 | $89,010 | $89,010 | $108,360 |
| Winn | $77,400 | $89,010 | $89,010 | $108,360 |