CAFA Gold 100
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The program offers 30-year fixed-rate FHA, VA, USDA, and Freddie Mac’s HFA AdvantageSM mortgage loans with financial assistance, silent second loans up to 100% for down payment or closing costs. No federal recapture tax provision
Second loans are 7 or 10-year terms with principal deferred, no accrued interest, and provides up to 7% of the final first mortgage loan amount. Repayment obligation is forgiven in equal monthly increments and will be 100% forgiven at maturity of the note. The 7-year term proration begins after year 2, and the 10-year term proration begins after year 5.
Program Highlights
Quicker closing (UW is done in-house)
No additional bond or compliance packages required
Qualifying income NOT Household income used to qualify
Up to 7% Down Payment Assistance
No QM restrictions
Higher DTI (NO Ratio) and NO loan level pricing adjustments
CAFA Gold 100 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 | $59,920 | $83,260 | $104,860 |
Allen | $50,960 | $83,260 | $89,180 |
Ascension | $70,480 | $102,235 | $123,340 |
Assumption | $70,480 | $83,260 | $123,340 |
Avoyelles | $45,280 | $83,260 | $79,240 |
Beauregard | $58,000 | $83,375 | $101,500 |
Bienville | $45,280 | $83,260 | $79,240 |
Bossier | $52,400 | $83,260 | $91,700 |
Caddo | $52,400 | $83,260 | $91,700 |
Calcasieu | $60,000 | $86,250 | $105,000 |
Caldwell | $45,280 | $83,260 | $91,700 |
Cameron | $60,000 | $86,250 | $105,000 |
Catahoula | $53,040 | $83,260 | $92,820 |
Claiborne | $45,280 | $83,260 | $79,240 |
Concordia | $45,280 | $83,260 | $79,240 |
DeSoto | $52,400 | $83,260 | $91,700 |
East Baton Rouge | $70,480 | $102,235 | $123,340 |
East Carroll | $45,280 | $83,260 | $79,240 |
East Feliciana | $70,480 | $91,195 | $123,340 |
Evangeline | $45,280 | $83,260 | $79,240 |
Franklin | $45,280 | $83,260 | $79,240 |
Grant | $51,040 | $83,260 | $89,320 |
Iberia | $59,920 | $83,260 | $104,860 |
Iberville | $70,480 | $102,235 | $123,340 |
Jackson | $45,760 | $83,260 | $80,080 |
Jefferson | $53,600 | $94,185 | $93,800 |
Jefferson Davis | $65,440 | $83,260 | $114,520 |
Lafayette | $59,920 | $97,060 | $104,860 |
Lafourche | $55,520 | $83,260 | $97,160 |
Lasalle | $45,840 | $83,260 | $80,220 |
Lincoln | $48,800 | $83,260 | $85,400 |
Livingston | $70,480 | $102,235 | $123,340 |
Madison | $45,280 | $83,260 | $79,240 |
Morehouse | $45,280 | $83,260 | $79,240 |
Natchitoches | $45,280 | $83,260 | $79,240 |
Ouachita | $45,280 | $83,260 | $79,240 |
Pointe Coupee | $70,480 | $102,235 | $123,340 |
Rapides | $51,040 | $83,260 | $89,320 |
Red River | $45,280 | $83,260 | $79,240 |
Richland | $45,280 | $83,260 | $79,240 |
Sabine | $46,400 | $83,260 | $81,200 |
St. Bernard | $66,440 | $94,185 | $114,520 |
St. Charles | $65,440 | $94,185 | $114,520 |
St. Helena | $70,480 | $102,235 | $123,340 |
St. James | $65,440 | $83,605 | $114,520 |
St. John | $65,440 | $94,185 | $114,520 |
St. Landry | $45,280 | $83,260 | $79,240 |
St. Martin | $59,920 | $97,060 | $104,860 |
St. Mary | $45,280 | $83,260 | $79,240 |
St. Tammany | $65,440 | $94,185 | $114,520 |
Tangipahoa | $55,760 | $83,260 | $97,580 |
Tensas | $45,280 | $83,260 | $79,240 |
Terrebonne | $55,520 | $83,260 | $97,160 |
Union | $45,280 | $83,260 | $79,240 |
Vermillion | $59,920 | $83,260 | $104,860 |
Vernon | $52,800 | $83,260 | $92,400 |
Washington | $45,280 | $83,260 | $79,240 |
Webster | $45,280 | $83,260 | $79,240 |
West Baton Rouge | $70,480 | $102,235 | $123,240 |
West Carroll | $45,280 | $83,260 | $79,240 |
West Feliciana | $70,480 | $102,235 | $123,240 |
Winn | $45,280 | $83,260 | $79,240 |