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 | $59,920 | $83,260 | $104,860 |
| Allen | $50,960 | $83,260 | $89,180 |
| Ascension | $70,480 | $102,235 | $123,340 |
| Assumption | $70,480 | $83,260 | $123,340 |
| Avoyelles | $45,280 | $83,260 | $79,240 |
| Beauregard | $58,000 | $83,375 | $101,500 |
| Bienville | $45,280 | $83,260 | $79,240 |
| Bossier | $52,400 | $83,260 | $91,700 |
| Caddo | $52,400 | $83,260 | $91,700 |
| Calcasieu | $60,000 | $86,250 | $105,000 |
| Caldwell | $45,280 | $83,260 | $91,700 |
| Cameron | $60,000 | $86,250 | $105,000 |
| Catahoula | $53,040 | $83,260 | $92,820 |
| Claiborne | $45,280 | $83,260 | $79,240 |
| Concordia | $45,280 | $83,260 | $79,240 |
| DeSoto | $52,400 | $83,260 | $91,700 |
| East Baton Rouge | $70,480 | $102,235 | $123,340 |
| East Carroll | $45,280 | $83,260 | $79,240 |
| East Feliciana | $70,480 | $91,195 | $123,340 |
| Evangeline | $45,280 | $83,260 | $79,240 |
| Franklin | $45,280 | $83,260 | $79,240 |
| Grant | $51,040 | $83,260 | $89,320 |
| Iberia | $59,920 | $83,260 | $104,860 |
| Iberville | $70,480 | $102,235 | $123,340 |
| Jackson | $45,760 | $83,260 | $80,080 |
| Jefferson | $53,600 | $94,185 | $93,800 |
| Jefferson Davis | $65,440 | $83,260 | $114,520 |
| Lafayette | $59,920 | $97,060 | $104,860 |
| Lafourche | $55,520 | $83,260 | $97,160 |
| Lasalle | $45,840 | $83,260 | $80,220 |
| Lincoln | $48,800 | $83,260 | $85,400 |
| Livingston | $70,480 | $102,235 | $123,340 |
| Madison | $45,280 | $83,260 | $79,240 |
| Morehouse | $45,280 | $83,260 | $79,240 |
| Natchitoches | $45,280 | $83,260 | $79,240 |
| Ouachita | $45,280 | $83,260 | $79,240 |
| Pointe Coupee | $70,480 | $102,235 | $123,340 |
| Rapides | $51,040 | $83,260 | $89,320 |
| Red River | $45,280 | $83,260 | $79,240 |
| Richland | $45,280 | $83,260 | $79,240 |
| Sabine | $46,400 | $83,260 | $81,200 |
| St. Bernard | $66,440 | $94,185 | $114,520 |
| St. Charles | $65,440 | $94,185 | $114,520 |
| St. Helena | $70,480 | $102,235 | $123,340 |
| St. James | $65,440 | $83,605 | $114,520 |
| St. John | $65,440 | $94,185 | $114,520 |
| St. Landry | $45,280 | $83,260 | $79,240 |
| St. Martin | $59,920 | $97,060 | $104,860 |
| St. Mary | $45,280 | $83,260 | $79,240 |
| St. Tammany | $65,440 | $94,185 | $114,520 |
| Tangipahoa | $55,760 | $83,260 | $97,580 |
| Tensas | $45,280 | $83,260 | $79,240 |
| Terrebonne | $55,520 | $83,260 | $97,160 |
| Union | $45,280 | $83,260 | $79,240 |
| Vermillion | $59,920 | $83,260 | $104,860 |
| Vernon | $52,800 | $83,260 | $92,400 |
| Washington | $45,280 | $83,260 | $79,240 |
| Webster | $45,280 | $83,260 | $79,240 |
| West Baton Rouge | $70,480 | $102,235 | $123,240 |
| West Carroll | $45,280 | $83,260 | $79,240 |
| West Feliciana | $70,480 | $102,235 | $123,240 |
| Winn | $45,280 | $83,260 | $79,240 |