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 | $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 | $116,060 |
| East Carroll | $46,320 | $86,480 | $81,060 |
| East Feliciana | $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 | $58,640 | $94,300 | $115,220 |
| Jefferson Davis | $65,840 | $86,480 | $102,260 |
| 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 | $116,040 |
| 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 | $95,795 | $116,040 |
| Rapides | $50,240 | $86,480 | $87,920 |
| 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 | $116,040 |
| St. James | $65,840 | $94,645 | $115,220 |
| St. John | $65,840 | $94,300 | $115,220 |
| 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 | $81,060 |
| 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 | $116,040 |
| West Carroll | $51,360 | $86,480 | $89,880 |
| West Feliciana | $66,320 | $95,795 | $116,040 |
| Winn | $49,600 | $86,480 | $86,800 |