Extensions beyond 30 days require approval by GSFA. Nikki R Aguirre | … Note: Special Programs may only be originated by trained, approved clients. Golden State Finance Authority (GSFA) is pleased to announce the Platinum “Select” feature, our latest addition to the GSFA Platinum Program. GSFA OpenDoors™ - Conventional. There is no cost reduction for shorter lock periods. Golden State Finance Authority (GSFA) PLATINUM program is one of the most popular down payment assistance programs out there right now! This change is effective for all new GSFA Platinum loan reservations made on … Golden State Finance Authority provides the GSFA OpenDoors down payment assistance (DPA) program to help California homebuyers purchase a home with little-to-no money out of pocket. GSFA Platinum Grant | Program End Date. Platinum "Select" Grant Feature Extended to Medical and Healthcare Workers - Bulletin #20-09. Golden State Finance Authority @carolynsunseri #thepowerisnow #gsfa #homeownership . The deadline to lock Select loans is 3:00 p.m. today, July 9, 2020. GSFA OpenDoors™ Program is designed to increase homeownership opportunities for low- Chenoa Down Payment - Zero Down Chenoa Loan Program explained by Nikki R Aguirre - Duration: 4:34. GSFA Platinum Program Update - Bulletin #20-10 https://conta.cc/2xWyBKp Gateway Mortgage Group, Correspondent Lending, a division of Gateway First Bank – 05.03.2019 . To calculate the DPA in dollars, multiply the DPA percentage(1) by the First Mortgage Loan amount. You may be eligible for a non-repayable grant from the GSFA Platinum Down Payment Assistance Program.. Prior Day Rates: (Note: Rates subject to change without notice) Any Select loan not locked by 3:00 today, will need to proceed as a Platinum (non-Select) program loan. Many times this allows homebuyers to purchase a … GSFA Platinum Program Term Sheets have been updated. # Days for Rate Lock: Locks are available for 30 days. GSFA Platinum Grant loan limits for all first mortgage programs is $424,100. GSFA Platinum Program explained in detail. Please note that all information is provided for informational purposes only, for the exclusive use of licensed mortgage professionals, and not for distribution to the public. Are you a low- to median-income home buyer? This is a gift in the true sense, which means it is not a second mortgage, does not create a lien against the property, and there are no terms for repayment. Sections of this page. Welcome: Questions concerning logins? The GSFA Platinum program is currently offline. There are many programs across the US that offer financing for the down payment of a home and even for the closing costs of a mortgage. The GSFA Platinum Grant is a California down payment assistance program that provides up to 5% of the loan amount in the form of a non-repayable grant to support responsible and sustainable homownership for eligible California home buyers. Danh Nguyen and Tonya Todd present GSFA Platinum Grant Program Up to 4% in DPA is available for an FHA, VA or USDA 30-year fixed-rate mortgage through the GSFA Platinum Program. Extension Policy: Loans under the GSFA program are not eligible for MWF’s re-lock and extension policies. Program changes from a locked non-Select program to the Select program will not be accepted This is a gift in the true sense, which means it is not a second mortgage, does not create a lien against the property, and there are no terms for repayment. GSFA PLATINUM PROGRAM Grant Down Payment Up to 5% of Loan Amount* Assistance Program Call Michael at: (925) 351-9207. 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. Learn more about the GSFA Platinum® Program on the Home Buyer Town Hall every 1st and 3rd Tuesday 7pm Live on Facebook/IG/Youtube. USDA Mortgage Loan + GSFA Platinum Gift = Win/Win for Homebuyers in Rural California Markets USDA’s loan guarantee program features some big benefits … 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. Reservations for this program are available Monday through Friday between 9:00 AM PST and 4:00 PM PST (holidays excluded). The grant does not have to be repaid. 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. Included in this Bulletin: GSFA Platinum Program Expansions Mountain West Financial® is excited to join GSFA in honoring of all the hard work and sacrifices of our Healthcare workers during the COVID-19 pandemic. ... a housing finance entity providing down payment assistance programs to … MWF will accept lock requests for Platinum programs from 8:30 AM to 3:00 PM PT. Live on Facebook/IG/Youtube 1st & 3rd Tues 7pm Golden State Finance Authority # thepowerisnow # gsfa # homeownership. Effective immediately, GSFA Platinum borrowers who qualify for the Platinum “Select” feature, will be eligible for Down Payment Assistance (DPA) in the form of a non-repayable Gift instead of a Second Mortgage. This can be used towards the down payment and the borrower’s closing costs. Title: GSFA-Platinum … 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. With the GSFA Platinum program, there is a grant of 5% of the total loan amount, which is a net grant of 3.5% to the borrower. PROGRAM DESCRIPTION . GSFA will gift first time home buyers with up to 5% of the purchase price to cover down payment and closing costs. The GSFA Platinum Down Payment Assistance grant program provides money to help home buyers pay for their down payment and closing costs.The grant is up to 5% of the loan amount.The loan can be FHA, VA, or conventional. SPECIAL ANNOUNCEMENT ----- GSFA Platinum "Select" Grant Feature Extended to Medical and Healthcare Workers ----- Single-Family Bulletin #20-09... Jump to. Effective immediately, GSFA is expanding the Platinum Select program to include Medical and Healthcare workers. Tune In to Homebuyer Town Hall Show @carolynsuneri talks about the GSFA Platinum® Program- up to 5% of the loan amount. Home buyer down payment assistance loan programs such as CalHFA’s CHDAP, GSFA Platinum Grant, and the GSFA ACCESS program are three of the most popular first time home buyer assistance programs in California.. GSFA_GOVERNMENTFHA SELECT– 1.23.2020 PAGE 1 OF 9 GSFA PLATINUM SELECT PROGRAM FHA GUIDELINES SUMMARY Equal Housing Opportunity Lender. Effective for GSFA Platinum and GSFA OpenDoors Transactions The GSFA Affordable Subsidy promotion will be ending on February 7, 2020. 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. Effective immediately, MWF borrowers in a qualifying profession may enjoy the benefits of the Platinum first mortgage with down payment assistance of 3%, 4% or 5% available as a grant forgiven at closing. ) is pleased to announce the Platinum Select program Mortgage through the GSFA Platinum Select FHA. 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