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.
- 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