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Eustis Edge

Multiple County, Louisiana

Last verified
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Assistance

4%

Of the purchase price, as the program sets it

Income limit

$116,060

The household income limit the program publishes

Repayment

Forgivable

Forgiven after 10 years

What is Eustis Edge?

Eustis Edge is a forgivable loan for homebuyers in Multiple County, Louisiana.

  • Eustis Mortgage / CAFA exclusive partnership: 30-year fixed first mortgage + 4% DPA forgivable second. 640 FICO. Non-bond, no recapture tax. Originated only through Eustis Mortgage. 9-parish East Baton Rouge service area.
  • Eustis Edge is a Capital Area Finance Authority program offered exclusively in partnership with Eustis Mortgage Corporation. Provides a 30-year fixed-rate FHA, USDA-RD, VA, or conventional first mortgage paired with 4% DPA structured as a forgivable second mortgage. The DPA second is 0% interest, requires no monthly payment, and is forgiven over 10 years of owner-occupancy. 640 minimum FICO. Open to first-time AND repeat home buyers. Non-bond program - no MRB recapture tax. Originated only through Eustis Mortgage.
  • Funding comes from State and TBA.

How much assistance does it provide?

Eustis Edge provides assistance worth 4% of the purchase price, as set by the program.

  • Buyer contribution: Per first-mortgage product (3.5% FHA, 0% VA/USDA, 3% conventional).
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Eustis Edge is forgiven after 10 years, so a buyer 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.

Who qualifies?

Eustis Edge is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: 640 minimum FICO. Lender overlays may apply.
  • A completed homebuyer education course, through HUD-approved housing counseling agency or eHome America online homebuyer education required prior to closing.
  • Residency: 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.
  • Must originate through Eustis Mortgage Corporation. Property must be in CAFA's 9-parish service area. 640 minimum FICO. Maximum 50% DTI with AUS approval. Owner-occupied primary residence. Income at or below CAFA Eustis Edge limits ($46,320 1-2p / $116,060 3+p). FHA/VA/USDA/Conv. Homebuyer education required.

The program excludes

  • Households above $116,060

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Eustis Edge limits household income to $116,060.

  • 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?

Eustis Edge caps the purchase price as follows: Per first-mortgage product loan limits (FHA county loan limits, conforming conventional 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?

Eustis Edge 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?

Eustis Edge serves buyers purchasing in Multiple County, Louisiana.

How do you apply?

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

  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. Contact the administering agency to reserve funds

    Funds are reserved through Reserved through CAFA's lender portal at rate lock by Eustis Mortgage., and are subject to availability.

  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.

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