Purchase Advantage powered by CAFA

This program is designed to help borrowers in need of down payment assistance. Purchase Advantage powered by CAFA is a unique program to jump-start Louisiana homeownership . Eligible borrowers can receive an assistance amount between 1% and 4% on FHA, Conventional Loans, 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 costs.

GMFS has helped over 400 families with Purchase Advantage loans!


  • 58 authorized Louisiana parishes are eligible for the Purchase Advantage home ownership grant program *
  • Income limits to determine eligibility vary by parish and scenario
  • Available for Purchase or Refinance when income is <80% AMI on Conventional and <115% AMI on FHA
  • Eligible for first time homebuyer or repeat buyer

Benefits of Purchase Advantage

  • 1% to 4% Down Payment Assistance
  • More parishes added – expanded to 58 parishes
  • Lower MI Cost on Conventional
  • Options to use assistance towards down payment, closing costs, etc.

Eligible Louisiana Parishes

Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, DeSoto, East Baton Rouge, East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson, Jefferson Davis, Lafayette, Lafourche, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Ouachita, Point Coupee, Rapides, Red River, Richland, Sabine, St. Bernard, St. Helena, St. James, St. John, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Tensas, Terrebonne, Union Parish, Vermillion, Vernon, Washington, Webster, West Baton Rouge, West Carroll, Winn

* The percent of downpayment 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.

GMFS Mortgage ranked Best Mortgage Company in Louisiana for 2018 by Ask a Lender

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Over 150,000 customers and $30 billion in residential mortgage funding in 23 states


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GMFS staff has an avg. of 14+ years of mortgage industry experience

*Learn more about CAFA at https://thecafa.org/lenders/purchase-advantage-program

*Not a commitment to lend.  All loans subject to credit and property approval.  The following terms are for illustrative purposes only.  Rates, payments, and loans terms vary by consumer based on their individual qualifying information.   The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance. 

Loan Term Down Payment Annual Percentage Rate Estimated Monthly Payment
30 year fixed rate 10% (90% LTV) 4.75% $1,043