Purchase Advantage powered by CAFA – Louisiana Homeownership Grant

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

  • More than 30 authorized Louisiana parishes are eligible for the Purchase Advantage home ownership grant program *
  • 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

Eligible Louisiana Parishes

Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Evangeline, Franklin, Iberia, Iberville, Jackson, 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.

* 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.

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

Contact a GMFS Mortgage Loan Officer today!

Get Started with GMFS Mortgage

Customer Reviews

[templatera id=”1217″]