GSFA Down Payment Assistance is available for owner-occupied homes. The maximum DTI allowance for Government Loans for the GSFA Platinum down payment assistance program are as follows: VA and USDA RD: 45%; FHA: 45% (Up to 50% for FICOs 680 and higher, except on manufactured housing) The Program Term Sheet for FHA, VA and USDA Loans has been updated and is available online in the GSFA Platinum … Read more: GSFA Platinum Grant Program Non-Warrantable Condo Loans Non-Warrantable: Condominium Projects that do not meet the Fannie Mae/Freddie Mac condominium guidelines … Don't just take our word for it ... "I would like to thank GSFA … Current interest rates and APRs are … We had a record number of 108 film submissions … Learn more about the GSFA Platinum® Program on the Home Buyer Town Hall every 1st and 3rd Tuesday 7pm Live on Facebook/IG/Youtube. For additional information, contact NHF Customer Service at (866) 643-4968 or email info@nhfloan.org: Message Center Servicing Release Premium (based on First Mortgage): 0.50%. Available Assistance. GSFA … GSFA OpenDoors Program. GSFA Platinum Program. Program … 05/08/2017 11 SCENARIO 30-year fixed rate mortgage loan. How to use the GSFA Grant … Manufactured and mobile homes may be permitted, depending on the mortgage loan type and program guidelines. GSFA OpenDoors™ Program is designed to increase homeownership opportunities for low to moderate income individuals and families in California . It’s available through the Golden State Finance Authority (GSFA). Effective with new registrations on or after Monday, August 31st, 2020, a 620 minimum FICO is required for all Government Loans for the GSFA OpenDoors Program. The Program Term Sheets for GSFA Platinum have been updated and are available online in the GSFA Platinum … I proudly offer this program and you might hear it called the GFSA platinum program. The following is an update to the Servicing Release Premium for all GSFA Platinum loan reservations made on or after October 12, 2020. Single-Family Housing Bulletin #20-18 published. Q-7: How does someone apply for the GSFA Platinum Program? Brad Yzermans March 16, 2011 at 12:05 am # Bryan, it is possible to get an approval using the ACCESS program … Golden State Finance Authority … GSFA Platinum Assistance Guidelines: NOT limited to first time buyers (2nd time & move-up buyers OK) ... My question is, would we qualify for either program, the Platinum program or FHA Access program? Currently the program is perpetually funded and should be around for a while. The GSFA Platinum Program helps low-to-moderate income homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA). Owner Occupied only – must be borrowers primary residence; NO First Time … Below is a list of resources from the Golden State Finance Authority (GSFA) that the Finance Helpline has considered important and relevant. The NHF grant is now the GSFA Platinum Grant up to 5% of the loan amount for down payment and closing costs. https://conta.cc/2DFI0ZE #dpa #downpaymentassistance #gsfaplatinum #affordablelending . The Program Income Limit for Freddie Mac first mortgages are as follows: The homebuyer must apply for the Program through a GSFA Platinum Participating Lender and meet all the qualifying guidelines for the type of mortgage loan being used to finance the purchase of the home. The GSFA Platinum Program - Making a difference for California Homebuyers. https://conta.cc/2DFI0ZE #dpa #downpaymentassistance #gsfaplatinum #affordablelending Program Flyer/Guidelines: GSFA Platinum: Program Provider Type: Government: Address: Golden State Finance Authority 1215 K Street, Suite 1650 Sacramento, CA 95814: Master Servicer: U.S. Bank Home Mortgage – HFA Division (USBHM) EIN/Tax ID: GSFA: 68-0322272: Investor: U.S. Bank Home Mortgage – HFA Division (USBHM) Program … Second, the homebuyer(s) must apply for the Program through a GSFA Platinum Participating Lender and meet all the qualifying guidelines for the type of mortgage loan being used to finance the purchase of the home.. From now through December 31, 2017, GSFA will waive the application fee for any GSFA MCC reservation made in conjunction with the GSFA Platinum Program. Please contact your corporate office. Occupancy Requirement. DPA Form: • DPA is in the form of a Gift and a deferred 30year term, non- -amortizing loan with no … Commitment to Responsible Homeownership Supporting Affordable Homeownership for Over Two Decades: Public entity and agency in California … GSFA Platinum Down Payment Assistance Program The GSFA Platinum down payment assistance program was created to help low to moderate income homebuyers in the state of California purchase a home by providing down payment and/or closing cost assistance in the form of a non-repayable grant. California. Through the GSFA Platinum Program, Mission San Jose provides qualified homebuyers with competitive 30-year home financing and a grant that can be used toward down payment. The grant does not have to be repaid. This is a gift in the true sense, which means it is not a second mortgage, does not create … It’s not a complicated loan with very minimal requirements above what the standard FHA requirements are, but you must have a 640 minimum FICO score and a lower … According to the program’s data, GSFA Platinum has helped more than 14,000 low-to-moderate income borrowers of conventional, VA and FHA loans with down payment assistance and more than $108 million in grants. Conventional, FHA, VA, and USDA … Up to 4% in DPA is available for an FHA, VA or USDA 30-year fixed-rate mortgage through the GSFA Platinum Program. To calculate the DPA in dollars, multiply the DPA percentage(1) by the First Mortgage Loan amount. Purchase Price. Assistance is available only for a home you plan to occupy and isn’t available for vacation homes or investment properties. GSFA clarifies DTI guidelines for GSFA Platinum Program. Home buyers interested in the GSFA Platinum Program must work with a GSFA Platinum Participating Lender. Effective for GSFA Platinum and GSFA OpenDoors Transactions. GSFA Platinum FHA 5% Grant w/640 score 1 Unit; My Home Assistance Program (DPA) 1 Unit; Extra Credit Teacher Program 1 Unit; Manufactured Home Program with 620 score 1 Unit; Jumbo Loans. GSFA clarifies DTI guidelines for GSFA Platinum Program. Program Flyer/Guidelines: GSFA Platinum: Program Provider Type: HFA: Address: Golden State Finance Authority 1215 K Street, Suite 1650 Sacramento, CA 95814: Master Servicer: U.S. Bank Home Mortgage – HFA Division (USBHM) EIN/Tax ID: GSFA: 68-0322272: Investor: U.S. Bank Home Mortgage – HFA Division (USBHM) Program … The GSFA Affordable Subsidy promotion will be ending on February 7, 2020. You cannot use the program … Down Payment Options are available in California for buyers with at least a 620 Credit scrore, and can provide up to $75,000 to help you buy your home. GSFA’s Platinum Program provides applicants with down payment and/or closing cost assistance in the form of a non-repayable grant up to 5 percent of the total loan amount. The GSFA Platinum Grant is an ongoing program with no specific end date and may be discontinued at anytime. … Prior Day Rates: (Note: Rates subject to change without notice) Ginnie Mae FHA / USDA / VA … GSFA Platinum Grant | Borrower Requirements. The maximum loan eligible for the GSFA Platinum Down Payment Assistance program is $417,000. sustainability experts like Andrew Wilson, President of the tve GSFA 2020, Andrew Dunnett, Director of Vodafone Foundation, Tony Juniper, campaigner and environmentalist among many others. Welcome: Questions concerning logins? Promotional offer is applicable for GSFA MCC reservations made April 1, 2017 through December 31, 2017. The Lender will furnish the home-buyer with complete program guidelines, current interest rates, applicable APRs and fees and assist with the application and qualification process. Reservations for this program are available Monday through Friday between 9:00 AM PST and 4:00 PM PST (holidays excluded). About us (855) 740-8422; Latest Presentation Slides 12-30-20; GSFA Financial Assistance Programs for Homebuyers and Homeowners; Guide to GSFA Platinum Down Payment Assistance Program … Updated FICO Score Guidelines for . 09/08/2020 . Program Term Sheets will be updated and available online shortly. California home buyers should also explore one of the many other options for down payment and closing cost assistance available Statewide. Jumbo 20% Down 1 Unit; Jumbo 15% Down 1 Unit; Portfolio Loans . ... um so it’s important to kind of look into them looking into the guidelines and make sure that the two can be combined but one of the ones that we often encourage combining especially for a first-time home buyer is a mortgage credit certificate … DPA Amount: • Up to 7.00% of the First Mortgage Loan amount. Since 2010, GSFA Platinum has helped 24,000 people to purchase homes, providing more than $213.9 million in down payment and/or … Self Employed using Bank Statements only 1-4 Units; … The requirements for each program vary, but are typically based on your income, the price of the home and your history as a homeowner. Many down payment assistance programs are for first … The GSFA Platinum “Select” program allows borrowers to take advantage of down-payment assistance with a non-repayable gift instead of a second mortgage. GSFA OpenDoors™ Program is designed to increase homeownership opportunities for low-to-moderate income individuals and families in California. It helped us make this a global event with dedicated global viewership. DPA Amount: • FHA/VA/USDA: Up to 6.00% of the First Mortgage Loan amount. Reply. By receiving a gift instead of an additional loan, many individuals and families across California will be able to access affordable financing for a … Eligibility Guidelines ... GSFA Platinum Program (Freddie Mac with 3% DPA) GSFA Platinum® GSFA Platinum Grant $0 $5,820 (3%) Monthly P & I $938 $1,012 $139 (0.85%) $105 (0.65%)* Total Monthly Payment $1,077 $1,117 Down Payment Needed $7,000 $180 www.gsfahome.org | (855) 740-8422 . All reservations which include the GSFA Affordable Subsidy must be reserved through the Online Reservation System or lock through GEMS by close 4:00 PM PST, … California home buyers have many options to choose from. 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