Conventional Purchase Advantage Program is Back
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 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 58 parishes
- Available for Purchase or Refinance
- Lower MI Cost
- Freddie LPA Only
- Down to 640 min credit with Accept/Eligible