CAFA Gold 100
Powered By Gateway Mortgage
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 | $45,300 | $74,405 | $79,240 |
| Allen | $46,650 | $74,405 | $81,620 |
| Ascension | $63,450 | $91,195 | $111,020 |
| Assumption | $51,750 | $74,405 | $82,600 |
| Avoyelles | $40,900 | $74,405 | $71,540 |
| Beauregard | $53,900 | $77,510 | $94,360 |
| Bienville | $38,700 | $74,405 | $58,940 |
| Bossier | $47,600 | $74,405 | $85,120 |
| Caddo | $47,600 | $74,405 | $85,120 |
| Calcasieu | $51,750 | $78,660 | $95,760 |
| Caldwell | $38,700 | $74,405 | $65,520 |
| Cameron | $51,750 | $78,660 | $95,760 |
| Catahoula | $47,700 | $74,405 | $83,440 |
| Claiborne | $38,700 | $74,405 | $54,880 |
| Concordia | $38,700 | $74,405 | $66,080 |
| DeSoto | $47,600 | $74,405 | $85,120 |
| East Baton Rouge | $63,450 | $91,195 | $111,020 |
| East Carroll | $38,700 | $74,405 | $44,940 |
| East Feliciana | $63,450 | $91,195 | $111,020 |
| Evangeline | $38,700 | $74,405 | $62,300 |
| Franklin | $38,700 | $74,405 | $67,620 |
| Grant | $48,400 | $74,405 | $84,700 |
| Iberia | $45,300 | $74,405 | $79,240 |
| Iberville | $63,450 | $91,195 | $111,020 |
| Jackson | $41,350 | $74,405 | $72,380 |
| Jefferson | $56,100 | $80,615 | $98,140 |
| Jefferson Davis | $45,500 | $74,405 | $79,660 |
| Lafayette | $54,700 | $82,915 | $100,940 |
| Lafourche | $54,100 | $77,740 | $94,640 |
| Lincoln | $46,500 | $74,405 | $81,340 |
| Livingston | $63,450 | $91,195 | 109,900 |
| Madison | $38,700 | $74,405 | $48,300 |
| Morehouse | $38,700 | $74,405 | $64,400 |
| Natchitoches | $39,500 | $74,405 | $65,700 |
| Ouachita | $46,300 | $74,405 | $89,320 |
| Pointe Coupee | $63,450 | $91,195 | $111,020 |
| Red River | $42,300 | $74,405 | $74,060 |
| Richland | $38,700 | $74,405 | $65,100 |
| Sabine | $43,850 | $74,405 | $76,720 |
| St. Bernard | $56,100 | $80,615 | $98,140 |
| St. Helena | $63,450 | $91,195 | $111,020 |
| St. James | $52,950 | $76,130 | $92,680 |
| St. John | $56,100 | $80,615 | $98,140 |
| St. Landry | $38,700 | $74,405 | $59,920 |
| St. Martin | $54,700 | $82,915 | $100,940 |
| St. Mary | $42,650 | $74,405 | $74,620 |
| St. Tammany | $56,100 | $80,615 | $98,140 |
| Tangipahoa | $48,400 | $74,405 | $84,700 |
| Tensas | $38,700 | $74,405 | $46,900 |
| Terrebonne | $54,100 | $77,740 | $94,640 |
| Union | $46,300 | $74,405 | $89,320 |
| Vermillion | $52,000 | $74,405 | $91,000 |
| Vernon | $47,900 | $74,405 | $83,160 |
| Washington | $47,600 | $74,405 | $66,640 |
| Webster | $38,700 | $74,405 | $57,120 |
| West Baton Rouge | $63,450 | $91,195 | $111,020 |
| West Carroll | $40,000 | $74,405 | $68,320 |
| West Feliciana | $63,450 | $91,195 | $111,020 |
| Winn | $38,700 | $74,405 | $64,400 |