CAFA Capital Advantage Program

How much assistance

Non-repayable grant of up to 5% of original mortgage amount (Grant)

No repayment required.

Eligibility

• Income limits: Maximum income no more than 115% of Area Median Income for the parish of purchase.
• First-time buyer required: No
• Credit score minimum: 640
• Geographic restrictions: Available in East Baton Rouge Parish and the surrounding nine-parish capital region.
• Homebuyer education required: No

How to Apply for CAFA Capital Advantage Program

Notes

Does not require first-time buyer status. Grant can also cover PMI costs on conventional loans. Income limits may be lifted in federally declared disaster census tracts on certain loan products.

Cities Where This Program Is Available

• Ruston, LA
• Baton Rouge, LA
• Central, LA
• Chalmette, LA
• Laplace, LA
• New Iberia, LA
• Prairieville, LA
• Hammond, LA
• Slidell, LA