CAFA Program Highlights

CAFA Advantage

CAFA, Capital Advantage Program | At-A-Glance

AVAILABLE PROGRAMS CAFA Advantage
QUESTIONS Questions
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS No Program overlay for purchase price limits for FHA, VA, USDA-RD. $510,400 Purchase Price for Freddie Mac
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signers are permitted with FHA loans only. Co-signer cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES CAFA Advantage Guidelines
PARTICIPATING LENDERS Participating Lenders

CAFA First Home

CAFA First Home | At-A-Glance

AVAILABLE PROGRAMS CAFA First Home
ELLIGIBLE AREA Eligible Areas
ELIGIBLE BORROWER(S) Buyers and their spouses (occupant and non-occupant) must be first-time buyers but must be able to permanently reside in the US. Check with Servicer for any overlays
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
SALES PRICE LIMITS Sales Price Limits
TIMELINE REQUIREMENTS 60 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Permitted to the extent allowed by applicable Agency. Treat co-signor income as directed by the Agency. A co-signor cannot have any ownership interest in the property (they cannot be on the mortgage/deed/warranty deed). A co-signor cannot live in the property. Non-occupant co-borrowers are strictly prohibited.
PROGRAM GUIDELINES Program Guidelines
HOMETOWN HEROES PROFESSIONS HTH Professions
BORROWER ATTESTATION Borrower Attestation
PRE-CLOSING DOCUMENTS Notices to Buyers and Recapture Tax brochure (see attached)
TARGETED AREAS Targeted Areas
PARTICIPATING LENDERS Participation Lenders

CAFA PLUS

CAFA PLUS | At-A-Glance

AVAILABLE PROGRAMS CAFA PLUS
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS No Program overlay for purchase price limits for FHA, VA, USDA-RD, use Agency Loan Limits. For Freddie Mac the limit is $510,400
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-signors are permitted with FHA loans only. Co-signor cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES CAFA Advantage PLUS Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings [ Business Days 9:00am – 7:00 pm CT ]

CAFA, Capital Advantage Program | Rates & Offerings

Offering FICO DPA Lock Rate
FHA, VA, USDA-RD See Guidelines 4% 6.580%
5% (Hero) 6.580%
Fannie Mae & Freddie Mac 4% 6.980%
5% (Hero) 6.980%
CAFA Advantage - Conventional 80% AMI (w/Grant)
Offering FICO DPA Lock Rate
Freddie Mac 80% AMI 640 0% 6.875%
3% n/a
CAFA PLUS – Government (w/second mortgage)
Offering FICO DPA Lock Rate
FHA, VA 640 3% 7.125%
4% 7.500%
5% 7.750%
CAFA PLUS – Conventional 80% (w/second mortgage)
Offering FICO DPA Lock Rate
Freddie Mac 80% AMI 640 3% 7.250%
4% 7.750%
5% 8.000%
CAFA PLUS – Conventional Over 80% (w/second mortgage)
Offering FICO DPA Lock Rate
Freddie Mac OVER 80% AMI 640 3% 7.375%
4% 7.750%

CAFA Advantage

CAFA, Capital Advantage Program | At-A-Glance

AVAILABLE PROGRAMS CAFA Advantage
QUESTIONS Questions
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS No Program overlay for purchase price limits for FHA, VA, USDA-RD. $510,400 Purchase Price for Freddie Mac
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signers are permitted with FHA loans only. Co-signer cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES CAFA Advantage Guidelines
PARTICIPATING LENDERS Participating Lenders

CAFA First Home

CAFA First Home | At-A-Glance

AVAILABLE PROGRAMS CAFA First Home
ELLIGIBLE AREA Eligible Areas
ELIGIBLE BORROWER(S) Buyers and their spouses (occupant and non-occupant) must be first-time buyers but must be able to permanently reside in the US. Check with Servicer for any overlays
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
SALES PRICE LIMITS Sales Price Limits
TIMELINE REQUIREMENTS 60 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Permitted to the extent allowed by applicable Agency. Treat co-signor income as directed by the Agency. A co-signor cannot have any ownership interest in the property (they cannot be on the mortgage/deed/warranty deed). A co-signor cannot live in the property. Non-occupant co-borrowers are strictly prohibited.
PROGRAM GUIDELINES Program Guidelines
HOMETOWN HEROES PROFESSIONS HTH Professions
BORROWER ATTESTATION Borrower Attestation
PRE-CLOSING DOCUMENTS Notices to Buyers and Recapture Tax brochure (see attached)
TARGETED AREAS Targeted Areas
PARTICIPATING LENDERS Participation Lenders

CAFA PLUS

CAFA PLUS | At-A-Glance

AVAILABLE PROGRAMS CAFA PLUS
ELLIGIBLE AREA Eligible Area
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS No Program overlay for purchase price limits for FHA, VA, USDA-RD, use Agency Loan Limits. For Freddie Mac the limit is $510,400
TIMELINE REQUIREMENTS 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-signors are permitted with FHA loans only. Co-signor cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES CAFA Advantage PLUS Guidelines
PARTICIPATING LENDERS Participating Lenders