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Purchase Advantage Has USDA and VA Options!

Purchase Advantage Has USDA and VA Options!

CategoriesFinancial Education / News & Awards

Rebecca Squyres

April 12, 2022

Great news! The Purchase Advantage Powered by CAFA program now has USDA and VA options.

Eligible borrowers can now receive an assistance amount between 1% and 4% on FHA, Conventional, USDA and VA loans. The assistance may be used for down payment, closing costs or prepaids. For USDA loans, the benefit is applied towards closing cost.

To learn how you can take advantage of this program, contact a GMFS Mortgage Loan Officer today!

Learn more about Purchase Advantage Powered by CAFA.

Get Started with GMFS Mortgage

* The percent of down payment assistance offered is dependent on the interest rate selected by the borrower. Approved parishes and income limits are established by CAFA and subject to change. For USDA down payment assistance, income limits are determined by their specific guidelines.

 

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Equal Housing Lender. ©2017 GMFS LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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