First Time Home Buyers – Golden State Finance Authority (GSFA)
The GSFA Program helps home buyers with their down payment and closing costs by making available a non-repayable grant. The Platinum program is designed for low to moderate income homebuyers in California.
Features of GSFA Program
- Non-repayable grant.
- Grants up to 5% of the loan amount.
- Program not limited to first time home buyers.
- Minimum credit score from 640 up.
- Available with eligible refinances.
The grant is not a 2nd mortgage and does not need to be paid back. Grant money to be used towards closing costs and/or down payment.
The GSFA Platinum program is available for the purchase of both new and existing homes as long as the home will be the primary residence of the homebuyer. The program can be used if you’ve owned a home in the past or you’re buying your first home.
Get Pre-Approved for Down Payment Assistance with GSFA
If you are a first time home buyer in Chico, Walnut Creek, Paradise CA, Sacramento, or anywhere in California, and are interested in learning more about the GSFA Program, contact Tim Kemper at Stanford Mortgage at (530) 571-7723, or click the button below to get a customized quote based on your unique situation!