Capital Advantage Program-PLUS

Powered By US Bank administered by eHousing Plus

The program offers 30-year fixed-rate FHA, VA, USDA, and Freddie Mac’s HFA AdvantageSM mortgage loans with financial assistance in the form of an amortized second loan which can be used for down payment or closing costs.

Second loans are a 20 year term and provides up to 5% of the final first mortgage loan amount.

Map of Parishes Participating in Capital Advantage Program-PLUS
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

  • 0% Assistance to qualified borrowers who have their own funds and would like Charter level PMI

  • NO QM restrictions

  • NO loan level pricing adjustments for those >80% AMI

  • 20 year fully amortizing 2nd mortgage @ 6%

  • Does NOT have to be a first-time homebuyer

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

Capital Advantage Program-PLUS Income Limits By Parish