Purchase Advantage powered by CAFA is a unique program to jump-start Louisiana homeownership through the benefit of a non-repayable homebuyers grant of up to 4% of the original mortgage amount to eligible homebuyer families in eligible parishes. The non-repayable grant is provided by Capital Area Finance Authority (CAFA).
Eligible in 29 authorized Louisiana parishes
Income limits to determine eligibility vary by parish and scenario, sometimes resulting in no income limits
Eligible for primary residence only
Eligible for first time homebuyer or repeat buyer
Benefits of Purchase Advantage
Non-repayable homebuyers grant up to 4% of the original mortgage amount
Options to use grant towards down payment, closing costs, etc.
30 year Fixed Rate
Purchase Advantage Eligible Louisiana Parishes
Acadia, Allen, Ascension, Assumption, Beauregard, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Evangeline, Franklin, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Ouachita, Point Coupee, St. Bernard, St. Helena, St. Landry, St. Martin, St. Tammany, Tangipahoa, Terrebonne, West Baton Rouge, and West Feliciana.
Finding a home is the easy part; dealing with the financing can be daunting and a little scary especially if you are older and doing this by yourself for the first time. Aaron walked me through the steps; his office kept in touch and contacted me only when they needed further documentation and to let me know where we were in the process. It couldn’t have gone smoother. I highly recommend using GMFS Mortgage.
Pamela R. GMFS Mortgage Customer
Thursday June 21, 2018
Excellent service. Brad stayed in constant contact with me throughout the whole process. The fact that his wife was also my realtor make things exceptionally helpful and smooth flowing. Thanks for everything!!!!
Joshua V. GMFS Mortgage Customer
Wednesday June 13, 2018
I was shocked by how easy they made this entire process. Everyone was extremely nice and accommodating. Thanks for helping me!
Shanna W. GMFS Mortgage Customer
Tuesday May 8, 2018
Brent was great! He was very informative and kept me aware of what was happening every step of the way. He was always helpful and prompt to respond when I needed him! Thanks so much!!
Austin L. GMFS Mortgage Customer
Tuesday April 3, 2018
Mrs. Amy is everything I wanted in a loan officer so sweet down to earth. She’s great at what she does and very Professional ! Doing my whole process of my loan she was available for any questions or concerns I had !
Maurice W. GMFS Mortgage Customer
Wednesday March 21, 2018
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