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).

Eligibility

  • Eligible in 28 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

Video: GMFS Mortgage Purchase Advantage powered by CAFA

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Purchase Advantage Eligible Louisiana Parishes

Acadia, Allen, Ascension, Assumption, Beauregard, Calcasieu, Cameron, East Baton Rouge, 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.

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