Now Available! FHA Purchase Advantage Program

GMFS is please to re-introduce the FHA and 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 for FHA

• Minimum FICO: 640 AUS / 680 Manual
• Must be Approve/Eligible DU
• DTI: 45% AUS / 43% Manual
• Maximum Income: 115% AMI
• 59 Approved Louisiana Parishes