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.
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
December 20, 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 | GOVERNMENT INCOME LIMITS FOR ALL BORROWERS 115% AND BELOW AMI | CONVENTIONAL INCOME LIMITS FOR ALL BORROWERS 80% AND ABOVE AMI |
|---|---|---|---|
| Acadia | $59,840 | $89,010 | $104,720 |
| Allen | $52,480 | $89,010 | $91,840 |
| Ascension | $69,440 | $100,510 | $121,520 |
| Assumption | $69,440 | $89,010 | $121,520 |
| Avoyelles | $47,520 | $89,010 | $83,160 |
| Beauregard | $70,080 | $100,740 | $122,640 |
| Bienville | $47,520 | $89,010 | $83,160 |
| Bossier | $60,160 | $89,010 | $105,280 |
| Caddo | $60,160 | $89,010 | $105,280 |
| Calcasieu | $63,200 | $90,850 | $110,600 |
| Caldwell | $57,200 | $89,010 | $100,100 |
| Cameron | $63,200 | $90,850 | $110,600 |
| Catahoula | $54,160 | $89,010 | $94,780 |
| Claiborne | $47,520 | $89,010 | $83,160 |
| Concordia | $47,520 | $89,010 | $83,160 |
| DeSoto | $60,160 | $89,010 | $105,280 |
| East Baton Rouge | $69,440 | $100,510 | $121,520 |
| East Carroll | $47,520 | $89,010 | $83,160 |
| East Feliciana | $69,440 | $100,510 | $121,520 |
| Evangeline | $47,520 | $89,010 | $83,160 |
| Franklin | $47,520 | $89,010 | $83,160 |
| Grant | $59,360 | $89,010 | $103,880 |
| Iberia | $59,840 | $89,010 | $104,720 |
| Iberville | $69,440 | $100,510 | $121,520 |
| Jackson | $47,520 | $89,010 | $83,160 |
| Jefferson Davis | $60,800 | $89,010 | $106,400 |
| Lafayette | $59,840 | $89,010 | $104,720 |
| Lasalle | $63,280 | $89,010 | $110,740 |
| Lincoln | $49,760 | $89,010 | $87,080 |
| Livingston | $69,440 | $100,510 | $121,520 |
| Madison | $47,520 | $89,010 | $83,160 |
| Morehouse | $51,360 | $89,010 | $89,880 |
| Natchitoches | $52,320 | $89,010 | $91,560 |
| Ouachita | $51,360 | $89,010 | $89,880 |
| Pointe Coupee | $69,440 | $100,510 | $121,520 |
| Plaquemines | $69,680 | $89,010 | $121,940 |
| Rapides | $59,360 | $89,010 | $103,880 |
| Red River | $48,320 | $89,010 | $84,560 |
| Richland | $47,760 | $89,010 | $83,580 |
| Sabine | $49,120 | $89,010 | $85,960 |
| St. Charles | $69,680 | $99,820 | $121,940 |
| St. Helena | $69,440 | $100,510 | $121,940 |
| St. James | $69,680 | $102,695 | $121,520 |
| St. John | $69,680 | $99,820 | $121,520 |
| St. Landry | $47,520 | $89,010 | $83,160 |
| St. Martin | $59,840 | $97,750 | $104,720 |
| St. Mary | $53,600 | $89,010 | $93,800 |
| Tangipahoa | $61,040 | $89,010 | $106,820 |
| Tensas | $47,520 | $89,010 | $83,160 |
| Terrebonne | $63,680 | $91,540 | $111,440 |
| Union | $51,360 | $89,010 | $89,880 |
| Vermillion | $59,840 | $89,010 | $104,720 |
| Vernon | $55,520 | $89,010 | $97,160 |
| Washington | $47,520 | $89,010 | $83,160 |
| Webster | $47,520 | $89,010 | $83,160 |
| West Baton Rouge | $69,440 | $100,510 | $121,520 |
| West Carroll | $53,840 | $89,010 | $94,220 |
| West Feliciana | $69.440 | $100,510 | $121,520 |
| Winn | $48,880 | $89,010 | $85,540 |