CAFA Gold 100

CAFA Gold 100 is a forgivable loan for homebuyers in Multiple County, Louisiana. CAFA's 100% LTV TBA program: FHA/VA/USDA first + 5% forgivable DPA achieving full financing. 620 FICO. No FTHB requirement. Non-bond, no recapture tax. 9-parish East Baton Rouge service area. CAFA Gold 100 is a 100% LTV TBA (To-Be-Announced) homebuyer program providing a 30-year fixed-rate FHA, VA, or USDA-RD first mortgage paired with 5% DPA structured as a forgivable second mortgage. The DPA covers down payment, closing costs, and prepaid items, achieving effective 100% financing. The DPA second is 0% interest, requires no monthly payment, and is forgiven over 10 years of owner-occupancy. 620 minimum FICO. Open to first-time AND repeat home buyers (no FTHB requirement). Non-bond program - no MRB recapture tax. Funding comes from State and TBA.

CAFA Gold 100 is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Forgiven over 10 years of owner-occupancy (1/10 per year). Unforgiven balance due on sale, refinance, transfer, or non-owner-occupancy before 10 years. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

CAFA Gold 100 is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 620 minimum FICO. A homebuyer education course is required, through HUD-approved housing counseling agency or eHome America online homebuyer education required prior to closing. Residency requirement: Property must be located within CAFA's 9-parish service area (East Baton Rouge, West Baton Rouge, Ascension, Iberville, Pointe Coupee, East Feliciana, West Feliciana, Livingston, St. Helena) and be borrower's primary residence. Citizenship or immigration status: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays. Property must be in CAFA's 9-parish service area. 620 minimum FICO. Maximum 50% DTI with AUS approval. Owner-occupied primary residence. Income at or below CAFA TBA limits ($46,320 1-2p / $122,640 3+p). FHA/VA/USDA only (no conventional under Gold 100). Homebuyer education required.

CAFA Gold 100 limits household income to $122,640. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

CAFA Gold 100 caps the purchase price as follows: Per first-mortgage product loan limits (FHA county loan limits, USDA, VA). No CAFA-specific purchase price cap on Gold 100. Eligible property types include Single-family detached, condominium, townhouse, PUD, manufactured home on permanent foundation (per overlays). New construction is eligible. Manufactured homes are eligible.

CAFA Gold 100 names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

CAFA Gold 100 serves homebuyers purchasing in Multiple County, Louisiana.

Applications for CAFA Gold 100 go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Reserved through CAFA's online lender portal at time of rate lock by approved participating lender. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.