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 | $53,120 | $74,405 | $77,420 |
| Allen | $46,640 | $74,405 | $81,480 |
| Ascension | $62,240 | $91,195 | $109,900 |
| Assumption | $47,200 | $74,405 | $90,580 |
| Avoyelles | $40,880 | $74,405 | $73,500 |
| Beauregard | $53,920 | $77,510 | $91,980 |
| Bienville | $38,720 | $74,405 | $66,780 |
| Bossier | $46,800 | $74,405 | $79,380 |
| Caddo | $46,800 | $74,405 | $79,380 |
| Calcasieu | $54,720 | $78,620 | $99,120 |
| Caldwell | $38,720 | $74,405 | $71,140 |
| Cameron | $54,720 | $78,660 | $99,120 |
| Catahoula | $47,680 | $74,405 | $70,140 |
| Claiborne | $38,720 | $74,405 | $70,140 |
| Concordia | $38,720 | $74,405 | $71,140 |
| DeSoto | $46,800 | $74,405 | $79,380 |
| East Baton Rouge | $62,640 | $91,195 | $109,900 |
| East Carroll | $38,720 | $74,405 | $41,580 |
| East Feliciana | $62,640 | $91,195 | $109,900 |
| Evangeline | $38,720 | $74,405 | $61,600 |
| Franklin | $38,720 | $74,405 | $70,140 |
| Grant | $48,400 | $74,405 | $81,760 |
| Iberia | $53,120 | $74,405 | $76,720 |
| Iberville | $62,640 | $91,195 | $109,900 |
| Jackson | $41,360 | $74,405 | $71,260 |
| Jefferson | $56,080 | $80,615 | $89,560 |
| Jefferson Davis | $45,520 | $74,405 | $80,360 |
| Lafayette | $53,120 | $82,915 | $91,280 |
| Lafourche | $54,080 | $77,740 | $94,080 |
| Lasalle | $51,760 | $74,405 | $90,580 |
| Lincoln | $46,480 | $74,405 | $81,200 |
| Livingston | $62,640 | $91,195 | $109,900 |
| Madison | $38,720 | $74,405 | $53,620 |
| Morehouse | $36,800 | $74,405 | $61,460 |
| Natchitoches | $38,720 | $74,405 | $70,140 |
| Ouachita | $51,040 | $74,405 | $79,380 |
| Pointe Coupee | $62,640 | $91,195 | $109,900 |
| Rapides | $48,400 | $74,405 | $84,700 |
| Red River | $42,320 | $74,405 | $74,760 |
| Richland | $38,720 | $74,405 | $53,620 |
| Sabine | $43,840 | $74,405 | $71,140 |
| St. Bernard | $56,080 | $80,615 | $98,560 |
| St. Helena | $62,640 | $91,195 | $109,900 |
| St. James | $56,080 | $76,130 | $94,220 |
| St. John | $56,080 | $80,615 | $98,560 |
| St. Landry | $38,720 | $74,405 | $61,320 |
| St. Martin | $53,120 | $82,915 | $91,280 |
| St. Mary | $42,640 | $74,405 | $75,880 |
| St. Tammany | $56,080 | $80,615 | $98,560 |
| Tangipahoa | $48,400 | $74,405 | $75,740 |
| Tensas | $38,720 | $74,405 | $70,140 |
| Terrebonne | $54,080 | $77,740 | $94,080 |
| Union | $51,040 | $74,405 | $79,380 |
| Vermillion | $53,120 | $74,405 | $87,920 |
| Vernon | $47,520 | $74,405 | $79,520 |
| Washington | $38,720 | $74,405 | $65,100 |
| Webster | $46,800 | $74,405 | $76,160 |
| West Baton Rouge | $62,640 | $91,195 | $109,900 |
| West Carroll | $39,040 | $74,405 | $70,140 |
| West Feliciana | $62,640 | $91,195 | $109,900 |
| Winn | $38,720 | $74,405 | $70,140 |