Capital Advantage Program-PLUS

Powered By US Bank administered by eHousing Plus

The program offers 30-year fixed-rate FHA, VA, USDA, and Freddie Mac’s HFA AdvantageSM mortgage loans with financial assistance in the form of an amortized second loan which can be used for down payment or closing costs.

Second loans are a 20 year term and provides up to 5% of the final first mortgage loan amount.

BUYERS MUST MEET THESE ELIGIBILITY REQUIREMENTS TO QUALIFY:

• Minimum FICO 640
  

• Debt Income Ratio up to 50%

• Purchase Price Limits-Follow Agency Guidelines
  

• Meet Program income limits based on Parish