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The Purchase Advantage Program is Back!

The Purchase Advantage Program is Back!

CategoriesBuy-Purchase-Sell / First Time Home Buyer

Rebecca Squyres

April 26, 2021

GMFS is pleased to re-introduce the Conventional Purchase Advantage Program with the Capital Area Finance Authority (CAFA). Borrowers can receive an assistance amount of 3% or 4% on FHA and Conventional Loans. The assistance may be used for down payment, closing costs, borrower paid MI or prepaids.

Highlights:

  • 3% or 4% Down Payment Assistance
  • More Parishes added – expanded to 57 parishes
  • Available for Purchase or Refinance
  • Lower MI Cost
  • May Allow Down to 640 credit

See eligible parishes

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GMFS Mortgage is a BBB Accredited Mortgage Lender in Baton Rouge, LA

 

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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