Capital Advantage

What is Capital Advantage?

Capital Advantage is a grant for homebuyers in Multiple County, Louisiana.

• TRUE GRANT - 4-5% gift toward DPA / closing costs (tiered by FICO: 640/660 = 4%, 680+ = 5%). No lien, no repayment ever. Pairs with FHA/VA/USDA. Open to FTHB and repeat buyers. 9-parish East Baton Rouge service area.
• Capital Advantage is a TRUE GRANT homebuyer program from CAFA - no second mortgage, no lien, no repayment ever. Provides 4-5% of first-mortgage loan amount (tiered by FICO: 4% at 640/660 FICO, 5% at 680+ FICO) toward down payment, closing costs, or prepaid items. Pairs with a CAFA-approved 30-year fixed-rate FHA, USDA-RD, or VA first mortgage. Open to first-time AND repeat home buyers. Funds are gifted at closing and never need to be repaid.
• Funding comes from State and TBA.

How much assistance does it provide?

Capital Advantage provides assistance worth 5% of the purchase price, as set by the program.

• Buyer contribution: Per first-mortgage product (3.5% FHA, 0% VA/USDA). Grant covers most or all of borrower's required contribution.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Capital Advantage is structured as a grant, so it is not repaid.

• Repayment is triggered by None - true grant, no repayment ever.
• The assistance is recorded in None position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Capital Advantage is open to buyers who will live in the home as their primary residence.

What are the income limits?

Capital Advantage 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.

What kind of home can it be used for?

Capital Advantage caps the purchase price as follows: Per first-mortgage product loan limits (FHA county loan limits, USDA, VA).

• 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.

Is there eligibility for specific groups?

Capital Advantage 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.

Where does it apply?

Capital Advantage serves buyers purchasing in Multiple County, Louisiana.

How do you apply?

Applications for Capital Advantage go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved housing counseling agency or eHome America online homebuyer education required prior to closing..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Reserved through CAFA's online lender portal at time of rate lock by approved participating lender., and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.