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

May 13, 2021
Assistance Amount 0% 3.00% 4.00% 5.00%
FHA/RD/VA n/a 3.625 4.125 4.500
Conventional at or BELOW 80% AMI 3.125 3.875 4.250 4.750
Conventional ABOVE 80% AMI n/a 4.750 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 $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 $63,940 $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 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 $111,020
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. 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
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