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 | $50,240 | $73,945 | $77,420 |
| Allen | $46,560 | $73,945 | $81,480 |
| Ascension | $62,000 | $90,275 | $109,900 |
| Assumption | $51,760 | $74,405 | $90,580 |
| Avoyelles | $42,000 | $73,945 | $73,500 |
| Beauregard | $52,560 | $75,555 | $91,980 |
| Bienville | $40,080 | $73,945 | $66,780 |
| Bossier | $43,520 | $73,945 | $79,380 |
| Caddo | $43,520 | $73,945 | $79,380 |
| Calcasieu | $56,640 | $81,420 | $99,120 |
| Cameron | $56,640 | $81,420 | $99,120 |
| Catahoula | $58,100 | $73,945 | $81,340 |
| Concordia | $50,100 | $73,945 | $70,140 |
| DeSoto | $43,520 | $73,945 | $79,380 |
| East Baton Rouge | $62,000 | $90,275 | $109,900 |
| East Carroll | $40,080 | $73,945 | $41,580 |
| East Feliciana | $62,000 | $90,275 | $109,900 |
| Evangeline | $40,080 | $73,945 | $61,600 |
| Franklin | $40,080 | $73,945 | $70,140 |
| Iberia | $50,240 | $73,945 | $76,720 |
| Iberville | $62,000 | $90,275 | $109,900 |
| Jackson | $40,720 | $73,945 | $71,260 |
| Jefferson | $56,320 | $80,960 | $98,560 |
| Jefferson Davis | $45,920 | $73,945 | $80,360 |
| Lafayette | $50,240 | $74,980 | $91,280 |
| Lafourche | $53,760 | $77,280 | $94,080 |
| Livingston | $62,000 | $90,275 | $109,900 |
| Madison | $40,080 | $73,945 | $53,620 |
| Morehouse | $35,120 | $73,945 | $61,460 |
| Ouachita | $45,360 | $73,945 | $79,380 |
| Pointe Coupee | $62,000 | $90,275 | $109,900 |
| Red River | $42,720 | $73,945 | $74,760 |
| St. Bernard | $56,320 | $80,960 | $98,560 |
| St. Helena | $62,000 | $90,275 | $109,900 |
| St. James | $56,320 | $77,395 | $94,220 |
| St. Landry | $40,080 | $73,945 | $61,320 |
| St. Martin | $50,210 | $74,980 | $91,280 |
| St. Mary | $43,360 | $73,945 | $75,880 |
| St. Tammany | $56,320 | $80,960 | $98,560 |
| Tangipahoa | $50,400 | $73,945 | $75,740 |
| Terrebonne | $53,760 | $73,945 | $94,080 |
| Union | $45,360 | $73,945 | $79,380 |
| Vermillion | $50,240 | $73,945 | $87,920 |
| Washington | $40,080 | $73,945 | $65,100 |
| West Baton Rouge | $62,000 | $90,275 | $109,900 |
| West Carroll | $52,600 | $73,945 | $73,640 |
| West Feliciana | $62,000 | $90,275 | $109,900 |