Assurance Advantage Program
Powered By Assurance Financial Mortgage
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.
Participating Parishes
Parishes NOT Approved with CAFA
Program Highlights
Quicker closing (UW is done in-house through Assurance)
No additional bond or compliance packages required
Qualifying income NOT Household income used to qualify
Up to 6% Assistance
No QM restrictions
No loan level pricing adjustments
Lenders that are approved for Assurance Advantage Program currently, can find additional resources and program guidelines here.
Assurance Advantage Program Income Limits By Parish
| Parish | CONVENTIONAL INCOME LIMITS FOR ALL BORROWERS 80% AND BELOW AMI | FHA, VA, USDA INCOME LIMIT FOR ALL BORROWERS | CONVENTIONAL INCOME LIMITS FOR ALL BORROWERS 80% AND ABOVE AMI |
|---|---|---|---|
| Acadia | $61,920 | $86,480 | $108,360 |
| Allen | $52,480 | $86,480 | $91,840 |
| Ascension | $66,320 | $95,795 | $116,060 |
| Assumption | $66,320 | $86,480 | $116,060 |
| Avoyelles | $46,320 | $86,480 | $81,060 |
| Beauregard | $65,360 | $93,955 | $114,380 |
| Bienville | $46,320 | $86,480 | $81,060 |
| Bossier | $55,600 | $86,480 | $97,300 |
| Caddo | $55,600 | $86,480 | $97,300 |
| Calcasieu | $65,360 | $93,955 | $114,380 |
| Caldwell | $54,080 | $86,480 | $94,640 |
| Cameron | $65,360 | $93,955 | $114,380 |
| Catahoula | $50,880 | $86,480 | $89,040 |
| Claiborne | $46,320 | $86,480 | $81,060 |
| Concordia | $46,320 | $86,480 | $81,060 |
| DeSoto | $55,600 | $86,480 | $97,300 |
| East Baton Rouge | $66,320 | $95,795 | $116,040 |
| Evangeline | $46,320 | $86,480 | $81,060 |
| Franklin | $46,320 | $86,480 | $81,060 |
| Grant | $50,240 | $86,480 | $87,920 |
| Iberia | $61,920 | $86,480 | $108,360 |
| Iberville | $66,320 | $95,795 | $116,060 |
| Jackson | $48,960 | $86,480 | $85,680 |
| Jefferson Davis | $65,840 | $86,480 | $102,620 |
| Lafayette | $61,920 | $94,990 | $108,360 |
| Lafourche | $65,040 | $93,495 | $113,820 |
| Lasalle | $61,040 | $87,745 | $106,820 |
| Lincoln | $51,040 | $86,480 | $89,320 |
| Livingston | $66,320 | $95,795 | $116,060 |
| Madison | $46,320 | $86,480 | $81,060 |
| Morehouse | $49,200 | $86,480 | $86,100 |
| Natchitoches | $48,400 | $86,480 | $84,700 |
| Ouachita | $49,200 | $86,480 | $86,100 |
| Pointe Coupee | $66,320 | $86,480 | $116,060 |
| Red River | $49,360 | $86,480 | $86,380 |
| Richland | $47,200 | $86,480 | $82,600 |
| Sabine | $48,640 | $86,480 | $85,120 |
| St. Bernard | $65,840 | $94,300 | $115,220 |
| St. Charles | $65,840 | $94,300 | $115,220 |
| St. Helena | $66,320 | $95,795 | $116,060 |
| St. James | $65,840 | $94,645 | $115,220 |
| St. John | $65,840 | $94,300 | $108,360 |
| St. Landry | $46,320 | $86,480 | $81,060 |
| St. Martin | $61,920 | $94,990 | $108,360 |
| St. Mary | $49,760 | $86,480 | $87,080 |
| St. Tammany | $65,840 | $94,300 | $115,220 |
| Tangipahoa | $62,880 | $90,390 | $110,040 |
| Tensas | $46,320 | $86,480 | $86,100 |
| Terrebonne | $65,040 | $93,495 | $113,820 |
| Union | $49,200 | $86,480 | $86,100 |
| Vermillion | $61,920 | $88,895 | $108,360 |
| Vernon | $55,120 | $86,480 | $96,460 |
| Washington | $46,320 | $86,480 | $81,060 |
| Webster | $46,320 | $86,480 | $81,060 |
| West Baton Rouge | $66,320 | $95,795 | $116,060 |
| West Carroll | $51,360 | $86,480 | $89,880 |
| West Feliciana | $66,320 | $95,795 | $116,060 |
| Winn | $49,600 | $86,480 | $86,800 |