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

September 18, 2020
Assistance Amount 0% 3.00% 4.00% 5.00%
FHA/RD/VA n/a 3.000 3.250 4.500
Conventional at or BELOW 80% AMI 3.000 3.500 4.375 4.875
Conventional ABOVE 80% AMI n/a 5.000 n/a n/a

Capital Advantage Program 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 $50,240 $73,945 $77,420
Allen $46,560 $73,945 $81,480
Ascension $62,000 $90,275 $109,900
Assumption $51,760 $74,405 $90,580
Avoyelles $42,000 $73,945 $73,500
Beauregard $52,560 $75,555 $91,980
Bienville $40,080 $73,945 $66,780
Bossier $43,520 $73,945 $79,380
Caddo $43,520 $73,945 $79,380
Calcasieu $56,640 $81,420 $99,120
Cameron $56,640 $81,420 $99,120
Catahoula $58,100 $73,945 $81,340
Concordia $50,100 $73,945 $70,140
DeSoto $43,520 $73,945 $79,380
East Baton Rouge $62,000 $90,275 $109,900
East Carroll $40,080 $73,945 $41,580
East Feliciana $62,000 $90,275 $109,900
Evangeline $40,080 $73,945 $61,600
Franklin $40,080 $73,945 $70,140
Iberia $40,240 $73,945 $76,720
Iberville $62,000 $90,275 $109,900
Jackson $40,720 $73,945 $71,260
Jefferson Davis $45,920 $73,945 $80,360
Lafayette $50,240 $74,980 $91,280
Lafourche $53,760 $77,280 $94,080
Livingston $62,000 $90,275 $109,900
Madison $40,080 $73,945 $53,620
Morehouse $40,080 $73,945 $61,460
Ouachita $45,360 $73,945 $79,380
Pointe Coupee $62,000 $90,275 $109,900
Red River $42,720 $73,945 $74,760
St. Helena $62,000 $90,275 $109,900
St. James $56,320 $77,395 $94,220
St. Landry $40,080 $73,945 $61,320
St. Martin $50,210 $74,980 $91,280
St. Mary $43,360 $73,945 $75,880
Tangipahoa $43,280 $73,945 $75,740
Terrebonne $53,760 $73,945 $94,080
Union $45,360 $73,945 $79,380
Vermillion $50,240 $73,945 $87,920
Washington $40,080 $73,945 $65,100
West Baton Rouge $62,000 $90,275 $109,900
West Carroll $52,600 $73,945 $73,640
West Feliciana $62,000 $90,275 $109,900