You can view the published Platinum Grant interest rates here. Sacramento, Sacramento Homebuyers interested in the GSFA Platinum Program will want to Contact Us or a Participating Lender for more information and/or a program application.. Income limit is the same regardless if there is 1 person in the household or 8. By receiving a gift instead of an additional loan, many individuals and families across California will be able to access affordable financing for a comfortable, reliable home. Riverside, San Diego MWF will accept lock requests for Platinum programs from 8:30 AM to 3:00 PM PT. 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 … he GSFA Platinum Program is offered through the Golden State Finance Authority. The CalHFA has a interest rate of 4.6% while the GSFA is 4.625%. Note: Special Programs may only be originated by trained, approved clients. The following is an update to the Servicing Release Premium for all GSFA Platinum loan reservations made on or after October 12, 2020. Contra Costa, Placer Posted by 3 years ago. Currently the program is perpetually funded and should be around for a while. GSFA OpenDoors™ - Government 1 Gateway Mortgage Group, Correspondent Lending, a division of Gateway First Bank – 07-01.2019 . Sample loan scenario: $250,000 purchase price, $245,471 loan amount, 3.5% down payment (funds from the NHF program), $1,671.73/month (PITI), 30-year fixed 4.5% interest rate, 5.664% APR. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. Crypto.com is the pioneering payment and cryptocurrency platform. The grant is up to 5% of the loan amount. GSFA Platinum Down Payment Assistance can be used to purchase both existing homes and new construction in California. The templates are intentionally designed with blank input fields for the Participating Lender to add company and contact information before printing. Danh Nguyen and Tonya Todd present GSFA Platinum Grant Program. Fontana Wholesale Mortgage Lenders, GSFA Platinum Grant Program. The GSFA Platinum Program - Making a difference for California Homebuyers. 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. # Days for Rate Lock: Locks are available for 30 days. For FHA, VA, or Conventional 30-year fixed rate mortgages up to a 5% sized grant is available, for USDA 30-year fixed-rate mortgages up to a 3% sized grant is available) Calaveras, Sacramento CalHFA typically takes a few days longer than GSFA to close because the lender … Golden State Finance Authority (GSFA) is a duly constituted public entity and agency. The GSFA Platinum program is currently offline. Learn more about the GSFA Platinum® Program on the Home Buyer Town Hall every 1st and 3rd Tuesday 7pm Live on Facebook/IG/Youtube. The new loan limits will be in effect for all GSFA Platinum conventional loans reserved on or after January 2, 2018. //-->. Extensions beyond 30 days require approval by GSFA. So, 7% DPA on a $450,000 loan amount = $31,500 in Down Payment Assistance (450,000 x.07). The Golden State Finance Authority (GSFA) offers its Platinum Program to help with the down payment and closing costs of a home loan. otItkcZThoFwUhF(); Homebuyer doesn't have to be a first-time homebuyer to qualify. Golden State Finance Authority @carolynsunseri #thepowerisnow #gsfa #homeownership . Extensions beyond 30 days require approval by GSFA. To calculate the DPA in dollars, multiply the DPA percentage (1) by the First Mortgage Loan amount. Welcome: Questions concerning logins? Give them a call and let them know you are interested in getting a GSFA Platinum loan. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ The program can assist with up to 5% of the loan amount to use towards down payment and closing costs. Only enter the numbers, any other characters or seperation marks will be trashed, in the box to the left of Platinum Ounce (XPT), then click the "Convert" button; GSFA’s Platinum Program provides applicants with down payment and/or closing cost assistance in the form of a non-repayable grant up … Top Searched Posts Most Searched Fixed Gic Rate, Payoff Mortgage Early, Good Credit, Mortgage Bankers and Fontana Wholesale Mortgage Lenders local Fresno area. The Crypto.com VISA Card allows you to spend anywhere at perfect interbank exchange rates with crypto cashback. | 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 |. By Brad Yzermans on December 27, 2010 in Down Payment Assistance.
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