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

July 28, 2021
Assistance Amount 0% 3.00% 4.00% 5.00%
FHA/RD/VA n/a 3.625 4.125 4.875
Conventional at or BELOW 80% AMI 2.875 3.875 4.250 4.750
Conventional ABOVE 80% AMI n/a 4.875 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 $53,120 $74,405 $77,420
Allen $46,640 $74,405 $81,480
Ascension $62,640 $91,195 $111,020
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 $78,600 $99,120
Caldwell $38,720 $74,405 $70,140
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 $70,140
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 Davis $45,520 $74,405 $80,360
Lafayette $53,120 $82,915 $91,280
Lafourche $54,080 $77,740 $94,080
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 $70,140
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
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