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Rapides Parish added to Purchase Advantage

Rapides Parish added to Purchase Advantage

Rebecca Squyres

July 1, 2021

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CAFA has recently announced they have added their programs in the following Louisiana Parish:

Rapides

Purchase Advantage powered by CAFA is a unique program to jump-start Louisiana homeownership . Eligible 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. The borrower must meet the Area Median Income Restrictions put out by CAFA.

Rapides Parish Income Restrictions

  • $74,405 for FHA loans
  • $48,400 for Conventional Loans

Learn more about Purchase Advantage powered by CAFA > gmfsagent.com/purchase-advantage

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We are one of the fastest growing mortgage companies in the United States offering great mortgage financial solutions. Headquartered in Baton Rouge, Louisiana, GMFS originates residential mortgage loans, primarily in the southern states. Founded in 1999, GMFS has approximately 250 employees. more about GMFS

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Equal Housing Lender. © 2017 GMFS, LLC. Upfront approval subject to satisfactory property review and no change in financial condition. Some products may not be available in all states. All loans subject to credit approval. All mortgages are originated by GMFS LLC at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. NMLS #64997. LA License 619. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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