Capital Advantage Program

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The Capital Area Finance Authority (“CAFA”) provides homebuyer assistance to qualified homebuyers to purchase homes throughout the state of Louisiana. The Assistance is the form of a grant with no repayment or recapture and provides up to 5% of the final loan amount. Funds can be used towards your down payment, closing cost, prepaid items or buy out mortgage Insurance.

Map of Parishes Participating in Capital Advantage Program
Participating Parishes
Parishes NOT Approved with CAFA

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 5% Assistance

  • NO QM restrictions

  • NO loan level pricing adjustments

Lenders that are approved for Capital Advantage Program currently, can find additional resources and program guidelines here.

Program Mortgage Rates

February 14, 2024
Assistance Amount 0% 3.00% 4.00% 5.00%
FHA/RD/VA n/a n/a N/A n/a
Conventional at or BELOW 80% AMI 7.125 N/A n/a n/a
Conventional ABOVE 80% AMI n/a n/a n/a n/a

Capital Advantage Program Income Limits By Parish

Parish CONVENTIONAL INCOME LIMITS FOR ALL BORROWERS 80% AND BELOW AMI CONVENTIONAL INCOME LIMITS FOR ALL BORROWERS 80% AND BELOW AMI 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 $86,480 $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
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 $116,060
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 Davis $65,840 $86,480 $102,620
Lafayette $61,920 $94,990 $108,360
Lasalle $61,040 $87,745 $106,820
Lincoln $51,040 $86,480 $89,320
Livingston $66,320 $95,795 $116,060
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 $116,060
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. Charles $65,840 $94,300 $115,220
St. Helena $66,320 $95,795 $116,060
St. James $65,840 $94,845 $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
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 $116,060
West Carroll $51,360 $86,480 $89,880
West Feliciana $66,320 $95,795 $116,060
Winn $49,600 $86,480 $86,800