CAFA Gold 100
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The program offers 30-year fixed-rate FHA, VA, Conventional and USDA 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 6% 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 6% 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 | $61,920 | $89,010 | $104,720 |
Allen | $52,480 | $89,010 | $91,840 |
Ascension | $66,320 | $100,510 | $121,520 |
Avoyelles | $46,320 | $89,010 | $83,160 |
Beauregard | $65,360 | $100,740 | $122,640 |
Bienville | $46,320 | $89,010 | $83,160 |
Bossier | $55,600 | $89,010 | $105,280 |
Caddo | $55,600 | $89,010 | $105,280 |
Calcasieu | $65,360 | $90,850 | $110,600 |
Caldwell | $54,080 | $89,010 | $100,100 |
Cameron | $65,360 | $90,850 | $110,600 |
Catahoula | $50,880 | $89,010 | $94,780 |
Claiborne | $46,320 | $89,010 | $83,160 |
Concordia | $46,320 | $89,010 | $83,160 |
DeSoto | $55,600 | $89,010 | $105,280 |
East Baton Rouge | $66,320 | $100,510 | $121,520 |
East Carroll | $46,320 | $89,010 | $83,160 |
East Feliciana | $66,320 | $100,510 | $121,520 |
Evangeline | $46,320 | $89,010 | $83,160 |
Franklin | $46,320 | $89,010 | $83,160 |
Grant | $50,240 | $89,010 | $103,880 |
Iberia | $61,920 | $89,010 | $104,720 |
Iberville | $66,320 | $100,510 | $121,520 |
Jefferson Davis | $65,840 | $89,010 | $106,400 |
Lafayette | $61,920 | $89,010 | $104,720 |
Lafourche | $65,040 | $89,010 | $111,440 |
Lasalle | $61,040 | $89,010 | $110,740 |
Lincoln | $51,040 | $89,010 | $87,080 |
Livingston | $66,320 | $100,510 | $121,520 |
Madison | $46,320 | $89,010 | $83,160 |
Morehouse | $49,200 | $89,010 | $89,880 |
Natchitoches | $48,400 | $89,010 | $91,560 |
Ouachita | $49,200 | $89,010 | $89,880 |
Pointe Coupee | $66,320 | $100,510 | $121,520 |
Rapides | $50,240 | $89,010 | $103,880 |
Red River | $49,360 | $89,010 | $84,560 |
Richland | $47,200 | $89,010 | $83,580 |
Sabine | $47,200 | $89,010 | $85,960 |
St. Bernard | $65,840 | $99,820 | $121,940 |
St. Charles | $65,840 | $99,820 | $121,940 |
St. Helena | $66,320 | $100,510 | $121,520 |
St. James | $65,840 | $102,695 | $121,520 |
St. John | $65,840 | $99,820 | $121,520 |
St. Landry | $46,320 | $89,010 | $83,160 |
St. Martin | $61,920 | $97,750 | $104,720 |
St. Mary | $49,760 | $89,010 | $93,800 |
St. Tammany | $65,840 | $99,820 | $121,520 |
Tangipahoa | $62,880 | $89,010 | $106,820 |
Tensas | $46,320 | $89,010 | $83,160 |
Terrebonne | $65,040 | $91,540 | $111,440 |
Union | $49,200 | $89,010 | $89,880 |
Vermillion | $61,920 | $89,010 | $104,720 |
Vernon | $55,120 | $89,010 | $97,160 |
Washington | $46,320 | $89,010 | $83,160 |
Webster | $46,320 | $89,010 | $83,160 |
West Baton Rouge | $66,320 | $100,510 | $121,520 |
West Carroll | $51,360 | $89,010 | $94,220 |
West Feliciana | $66,320 | $100,510 | $121,520 |
Winn | $49,600 | $89,010 | $85,540 |