CAFA's forgivable loans provide qualified homebuyers with funds that can be used for a down payment, closing costs, prepaid items and even for assistance with Private Mortgage Insurance costs! If you are a lender and would like to offer these programs, email us today at cafainfo@thecafa.org to learn how you can become a CAFA lender partner.
Minimum FICO Score of 620 *640 for US Bank
Determined by Servicer
Maximum Loan Amount for FHA $472,030
Meet Program Income Limits by Parish
Minimum FICO Score of 620
Maximum Loan Amount for FHA $472,030
Maximum Loan Amount for Conventional $726,200
Meet Program Income Limits by Parish
Minimum FICO Score of 620
Debt to Income Ratio up to 55%
Maximum Loan Amount for FHA $472,030
Maximum Loan Amount for Freddie Mac $726,200
Meet Program Income Limits by Parish
Minimum FICO 640
Debt Income Ratio up to 50%
Purchase Price Limits-Follow Agency Guidelines
Meet Program income limits based on Parish
Minimum FICO Score of 640
Debt to income ration up to 50% with LPA approval
Maximum Loan Amount for FHA $472,030 & Conventional $726,200
Meet Program Income limits, based on parish.
Minimum FICO Score of 640
Debt to Income Ratio LPA Approval
Maximum Loan Amount for Conventional $726,200
Meet Income Limits by Parish
Minimum FICO Score of 640
Debt to income ratio up to 50%
Maximum Loan Amount for FHA $472,030 & Conventional $726,200
Meet program income limits based on parish
