LA CAFA Home Loan Grant
CAFA's Mortgage Origination Program will provide a competitive 30-year fixed rate mortgage with a non-repayable homebuyers grant of up to 4% of the original mortgage amount to qualifying low and moderate income homebuyer families in the Capital Area Parishes. In simpler terms: get financial assistance to help aid the purchase of a new home...without having to pay it back!
- Finance up to 96.5% loan to value; FHA limits as applicable
- Grant amount up to 4% and Lender credit of .25%
- Income limits of $76,350.00 for the Capital Area Parishes
- 30 year terms available
- Fixed low rates
- Local decision making process
- Quick loan approvals
At Essential, we're invested in you. This is why we offer a home loan that monetarily gives back to our members.
Please note: A Credit Report fee will be assessed to all applications. This fee will be deducted from the total costs of your loan, if approved.
*Normal credit restrictions apply. Other restrictions may apply, please see a Essential FCU Representative for details.