GSFA (Golden State Finance Authority)
State Housing Agency
The Golden State Finance Authority (GSFA) is a California-based organization that provides down payment assistance and other homeownership programs. Its mission is to help Californians achieve their dreams of homeownership by offering a variety of affordable financing options. GSFA partners with lenders and other organizations to offer specialized down payment assistance programs, homebuyer education, and mortgage credit certificates.
First Mortgage Programs Offered by GSFA (Golden State Finance Authority)
GSFA Platinum® VA Loan
Best For: First Time Homebuyers, Zero Down
VA program for California Veterans or Active-Duty Military homebuyers with below market interest rates and up to 5.5% in available assistance.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
GSFA Platinum® USDA Loan
Best For: First Time Homebuyers, Zero Down
Rural Housing mortgage option from GSFA for California USDA-designated rural areas that can be combined with closing cost assistance.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
GSFA Platinum® Conventional Loan - Median Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for California homebuyers with incomes above 80% AMI that can be paired with down payment assistance of up to 5.5%.
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
GSFA Platinum® FHA Loan
Best For: First Time Homebuyers, Easy Qualification
FHA program from GSFA for California residents with competitive interest rates and down payment and closing cost assistance options.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$726,200
GSFA Platinum® Conventional Loan - Low Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for low income California homebuyers that can be paired with down payment assistance of up to 5.5%.
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
GSFA OpenDoors® Conventional Loan - Median Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for California homebuyers with incomes above 80% AMI that can be paired with down payment assistance of up to 7%.
Min. Credit Score
680
Min. Down Payment
3%
Max. Loan Amount
$726,200
GSFA OpenDoors® Conventional Loan - Low Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for low income California homebuyers that can be paired with down payment assistance of up to 7%.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
GSFA OpenDoors® FHA Loan
Best For: First Time Homebuyers, Low Credit Scores, Easy Qualification
FHA program from GSFA for California residents with competitive interest rates and up to 6.5% in down payment and closing cost assistance options.
Min. Credit Score
620
Min. Down Payment
3.5%
Max. Loan Amount
$726,200
GSFA OpenDoors® USDA Loan
Best For: First Time Homebuyers, Zero Down
Rural Housing mortgage option from GSFA for California USDA-designated rural areas that can be combined with closing cost assistance.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
GSFA OpenDoors® VA Loan
Best For: First Time Homebuyers, Zero Down
VA program for California Veterans or Active-Duty Military homebuyers with competitive interest rates and up to 6.5% in available assistance.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Second Mortgage Programs Offered by GSFA (Golden State Finance Authority)
GSFA Platinum® "Assist-to-Own" Program
Best For: First Time Homebuyers, Low Down Payments, Zero Down
GSFA Platinum® "Assist-to-Own" Program provides up to 5.5% in down payment assistance in the form of a deferred payment mortgage combined with a gift.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 5.50% of 1st Loan Amount Program Benefit Amount
GSFA Platinum® "Select" Program
Best For: First Time Homebuyers, Zero Down
The GSFA Platinum® "Select" Program provides up to 5% in down payment assistance as a standard second mortgage combined with a gift.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 5.00% of 1st Loan Amount Program Benefit Amount
GSFA Platinum® Standard Program
Best For: First Time Homebuyers, Zero Down
GSFA Platinum® Standard Program provides up to 5% in down payment assistance as a standard second mortgage with repayment.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 5.00% of 1st Loan Amount Program Benefit Amount
GSFA OpenDoors® Program - Conventional
Best For: First Time Homebuyers, Low Down Payments, Zero Down
The GSFA OpenDoors® Conventional Program provides up to 7% in assistance as a deferred second mortgage with 0% interest and no monthly payments.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 7.00% of 1st Loan Amount Program Benefit Amount
GSFA Platinum® "Select" Rural
Best For: First Time Homebuyers, Zero Down
The GSFA Platinum® "Select" Rural Program provides up to 5% in down payment assistance in combination with the USDA first mortgage.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 5.00% of 1st Loan Amount Program Benefit Amount
GSFA OpenDoors® Program - Government
Best For: First Time Homebuyers, Low Down Payments, Zero Down
The GSFA OpenDoors® Government Program provides up to 6.5% in assistance as a deferred second mortgage with 0% interest and no monthly payments.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 6.50% of 1st Loan Amount Program Benefit Amount
See If You Qualify for GSFA (Golden State Finance Authority) Loans
* ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by Golden State Finance Authority (GSFA) or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
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