San Joaquin Lender Bulletins are intended for mortgage professionals only. Solano Los Angeles, San Diego About Us. Click tabs below to display topic contents. Getting pre-approved for a mortgage can help you stand out from the sea of other home buyers in a competitive housing market. The simple fact is this: different banks treat different factors differently. For questions or additional assistance regarding this bulletin, please email info@gsfahome.org. There are several types of down payment assistance programs. Arguably the best down payment assistance option in California is the GSFA Platinum down payment assistance program. The loan can be FHA, VA, or conventional. El Dorado . Performance Financial, Inc., dba Pacific Funding Mortgage Division, RoundPoint Mortgage Servicing Corporation, Tri-Emerald Financial Group, Inc. dba LendPlus, West Coast Mortgage Group and Realty Company. *The Top Loan Officers (by GSFA Region or Statewide) are identified annually based on GSFA Platinum loan transactions closed and funded in the prior calendar year. Contra Costa, Placer Please contact the US Bank Home Mortgage MRBP division to obtain US Bank Correspondent Approval: US Bank MRBP Division (800) 562-5165. The GSFA Platinum Grant is an ongoing program with no specific end date and may be discontinued at anytime. What most lenders don’t disclose is that CHF Platinum charges an additonal 1.5% up front fee, which increases your closing costs significantly. A GSFA Platinum Participating Lender will explain program guidelines, provide interest rates and APRs, look into your finances and help you make the right decision for your specific situation and needs. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. El Dorado, Tulare This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Merced For additional information, contact NHF Customer Service at (866) 643-4968 or email info@nhfloan.org: Message Center 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 … The literature is available for download in PDF format for ease of printing. The Platinum program seems like it should be the better program because the 5% grant never has to be repaid, right? Sacramento San Luis Obispo Click on the … Tulare, Stanislaus The Golden State Finance Authority (GSFA) Platinum grant program provides down payment and and closing cost assistance ranging from 3% – 5% of the loan amount in the form of a non-repayable gift. By receiving a gift instead of an additional loan, many individuals and families across California will be able to access affordable financing for a … Currently the program is perpetually funded and should be around for a while. Copyright© 2006-2021  Golden State Finance Authority (GSFA). The templates are intentionally designed with blank input fields for the Participating Lender to add company and contact information before printing. Program Bulletins are intended for mortgage professionals only. Sacramento, Tagalog (Filipino) . 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 … Sacramento, Sacramento Los Angeles, Ventura Prior Day Rates: (Note: … The GSFA Platinum program is currently offline. California home buyers have many options to choose from. Fresno, Fresno The grant is up to 5% of the loan amount. Information in this Participant Guide is intended for mortgage professionals only. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ By downloading and using the templates below, you certify that you are a GSFA Platinum Participating Lender and agree to abide by the GSFA Marketing Guidelines. 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. But, tax professionals will tell you, a tax credit (such as the tax credit provided by an MCC) can have a greater impact on your taxes, because it directly affects tax liability, not just reducing your taxable income amount. The Participant Guide contains links to program guidelines, term sheets, and much more for GSFA Platinum Participating Lenders. The GSFA OpenDoors Program helps low-to-moderate income homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA), up to 7% of the First Mortgage Loan amount. Copyright© 2006-2021  Golden State Finance Authority (GSFA). Promotional Offer January 1, 2019 through June 30, 2019: GSFA MCC Application Fee will be reduced to $350.00 if the GSFA MCC reservation is made concurrently with a GSFA Platinum Program reservation. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. GSFA Platinum is available to Correspondent Lenders through US Bank. Lender Bulletins are intended for mortgage professionals only. Kampangpangan, Contra Costa Tip: Click on the region below to view Top Loan Officers, San Francisco GSFA Platinum Grant | Program End Date. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete and return to GSFA signed copies of the following documents: GSFA Platinum - Program Lender … Santa Barbara The Program Term Sheets for GSFA Platinum have been updated and are available online in the GSFA Platinum Lender Participation Guide. That means a lender has guaranteed to give you a loan before you’ve even made an offer—or even before you’ve seen a home you like! All rights reserved. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. Join us for Lender Training on. |    Privacy Statement    |    Follow us on Facebook    |    Contact Us, GSFA Platinum Term Sheet - FHA, VA, USDA Loans - (US Bank), GSFA Platinum Term Sheet - Conventional Loans - (US Bank), Tuesday, February 9, 2021 | 2:00 PM - 3:00 PM PST, Wednesday, February 17, 2021 | 10:00 AM - 11:00 AM PST, Thursday, February 25, 2021 | 2:00 PM - 3:00 PM PST, Platinum "Select" Occupations - Tri-fold Brochure |, Platinum "Select" USDA - Tri-fold Brochure |. Special Alerts/Comments: The Platinum Select program has been suspended. GSFA Approval. If you have a first-time homebuyer or a qualified veteran, there is a good chance he/she could qualify for a GSFA Mortgage Credit Certificate (MCC) at the same time they qualify for a mortgage loan. For questions or additional assistance regarding this bulletin, please email info@gsfahome.org . Homebuyers interested in the GSFA Platinum Program will want to Contact Us or a Participating Lender for more information and/or a program application. There is no cost reduction for shorter lock periods. If you have any questions, please Contact Us. Please contact your corporate office. Fresno Extension Policy: Loans under the GSFA program are not eligible for MWF’s re-lock and extension policies. Riverside. Join us for Part II of a five-part series with Golden State Finance Authority. Contacting one of these Loan Officers will put you in direct contact with a loan officer that has extensive experience with the Program. Granted, this may seem like a whole lot of prep work, but here’s … Today we will be discussing the GSFA Platinum Program, which helps homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA) up to 5% of the total loan amount financed. GSFA OpenDoors™ Lender Participant Guide. Jumbo 20% Down 1 Unit; Jumbo 15% Down 1 Unit; Portfolio Loans. Calaveras, Sacramento 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. Give them a call and let them know you are interested in getting a GSFA Platinum loan. State-run Housing Finance Agencies (HFA) offer affordable first mortgages with below-market interest rates and reduced closing costs and fees. GSFA … Product Codes: CF30USPL1% - Freddie Mac HFA USB PLATINUM 1% CF30USPL5% - Freddie Mac HFA USB PLATINUM 5%. The Program Term Sheet for FHA, VA and USDA Loans has been updated and is available online in the GSFA Platinum Lender participation Guide. 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. Income guidelines for the GSFA Platinum program depend on the First Mortgage Loan type, as well as the county in which the property is located. GSFA Platinum Program. Riverside San Diego, Placer To take advantage of the promotional offer, Lenders must provide GSFA with a copy of the GSFA Platinum … ... FHA Loans are the #1 loan type in America … They’ll take it from there! Contra Costa Most people know that mortgage interest is deductible and that a tax deduction can result in tax savings. ywlVoUKDFhRtFrS(); Should you have further questions about the above documents, loan program specifics, participation requirements, etc., please Contact Us directly at (855) 740-8422 or email The Platinum Grant can be combined with either Conventional, FHA, VA, or USDA first mortgage loans. Information in this Participant Guide is intended for mortgage professionals only. What can the GSFA OpenDoors Program do for Homebuyers? Riverside Single-Family Program Updates (Bulletins). San Bernardino, Placer The program offers home buyers the option of funds in the form of a second mortgage or … They’ll take it from there! Loans under the GSFA program are not eligible for MWF’s re-lock and extension policies. Setup as a GSFA Platinum Participating Lender is a 2-step process, as follows: Lender Bulletins are intended for mortgage professionals only. As a banker and a broker, we have uniquely positioned ourselves to custom fit a loan for every client. Homebuyer doesn't have to be a first-time homebuyer to qualify. A GSFA Platinum Participating Lender will explain program guidelines, provide interest rates and APRs, look into your finances and help you make the right decision for your specific situation and needs. Los Angeles, Imperial San Diego, San Diego Click Here to Register for any of the following: The marketing literature provided below is for use by Participating Lenders ONLY. GSFA Platinum Grant | Loan Limits. While we are more than happy to answer questions, GSFA does not directly take nor process mortgage loan applications. Don’t disqualify yourself from the couch and come to the conclusion that you are “unlendable” without talking to a loan officer. # Days for Rate Lock: Locks are available for 30 days. otItkcZThoFwUhF(); Homebuyers interested in the GSFA OpenDoors Program will want to Contact Us for a referral to a GSFA OpenDoors Participating Lender for more information and/or a program application.. Click … Paramount Residential Mortgage Group, Inc. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. GSFA Platinum ® Income Limits. Los Angeles 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. San Bernardino 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). Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. GSFA Financial Assistance Programs for Homebuyers and Homeowners; Guide to GSFA Platinum Down Payment Assistance Program - PDF; Guide to GSFA MCC Tax Credit Program - PDF; Guide to GSFA OpenDoors Down Payment Assistance Program; Program Training for Lenders and REALTORS® Co-brand with GSFA to increase your REALTORS® business; Contact GSFA … California home buyers should also explore one of the many other options for down payment and closing cost assistance available Statewide. MWF will accept lock requests for Platinum programs from 8:30 AM to 3:00 PM PT. Placer, Riverside /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ Please note: If you need to download the most recent version of Acrobat Reader, you may do so by clicking on the "Get Acrobat Reader" button displayed below. The Golden State Finance Authority (GSFA) Platinum Grant provides assistance for moderate to high income wage earners throughout all of California. Los Angeles, San Bernardino The GSFA Platinum “Select” program allows borrowers to take advantage of down-payment assistance with a non-repayable gift instead of a second mortgage. Central Coast Lending is proud to announce our approved to offer a new loan program- the GSFA Platinum down payment assistance program! GSFA is a local housing finance authority and a duly constituted public entity and agency, organized in 1993 and existing under and by virtue of Title 1 of the Government Code of the State of California (Articles 1-4 of Chapter 5 of Division 7).. GSFA has supported affordable homeownership in California for over two … Stanislaus Kings Santa Clara, San Joaquin Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. Placer The NHF grant is now the GSFA Platinum Grant up to 5% of the loan amount for down payment and closing costs. The first step is to talk to a GSFA Platinum lender! Alameda Orange, Riverside Fresno, Ventura Madera Orange Platinum: US Bank and GSFA do not have sales price limits, only loan limits. The GSFA Platinum Down Payment Assistance grant program provides money to help home buyers pay for their down payment and closing costs. This is a free service from a … 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 ... Loans under the GSFA program are not eligible for MWF’s re-lock and extension Riverside, San Diego El Dorado, San Joaquin |    Privacy Statement    |    Follow us on Facebook    |    Contact Us, American Neighborhood Mortgage Acceptance Company, Ark-La-Tex Financial Srvcs LLC DBA Benchmark Mtg, Belem Servicing LLC dba Patriot Home Mortgage, BM Real Estate Services, Inc. dba Priority Financial Network, CalCon Mutual Mortgage LLC dba One Trust Home, Cardinal Financial Company, Limited Partnership, Country Club Mortgage, Inc DBA Premier Home Loan G, Country Club Mortgage, Inc. DBA Vero Mortgage, Everett Financial, Inc. dba Supreme Lending, Gold Star Mortgage Financial Group, Corporation, Golden West Alliance, Inc dba Provident Lending Gr, International City Mortgage, Inc. DBA Doorway Home Loans, JMJ Financial Group (The Coastal Lending Group), Moria Development, Inc. dba Peoples Mortgage Comp, Opes Advisors, a Division of Flagstar Bank, FSB. No extensions are available on this product. Nevada Click on the Topic of your choice to open and close the content. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ San Bernardino, Ventura Program Highlights (1) Financial assistance up to 5%, to use for down payment and/or closing costs. Some government units and nonprofit agencies offer second or third mortgages or grants with zero percent interest, deferred payments and loans that may be forgiven. All rights reserved. Example: On a $300,000 Mortgage Loan, the OpenDoors Program … Welcome: Questions concerning logins? Loan Officers in the GSFA Circle of Excellence have excelled in their respective regions, helping borrowers obtain financing and down payment assistance through the GSFA Platinum Program. GSFA Platinum Grant loan limits for all first mortgage programs is $424,100. Mission San Jose Mortgage is pleased to offer an exclusive loan solution and grant program for low- to moderate-income individuals and families in California. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ If a loan is canceled for whatever reason, whether withdrawn or denied, ... GSFA Platinum Grant $9,819 (5%) $5,820 (3%) $9,700 (5%) Monthly P & I $1,039 $997 $1,056 California’s Golden State Finance Authority (GSFA) created the Platinum Program, which provides low-to-moderate income California homebuyers with down payment and/or closing cost assistance to help them achieve their goals of purchasing a home. Self Employed using Bank Statements only 1-4 Units; … Los Angeles The federal government offers h… San Diego Reservations for this program are available Monday through Friday between 9:00 AM PST and 4:00 PM PST (holidays excluded). 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