Down Payment Assistance through the GSFA Platinum Program may help you to purchase a home sooner than you thought possible. Consider what $10,000, $20,000 or even $30,000 could do to help you purchase a home.

Program Highlights:

Financial assistance up to 5.5% of the First Mortgage Loan amount

Assistance can be used towards down payment and/or closing costs

Homebuyer does not have to be a first-time homebuyer to qualify

Perfect credit not required. FICO scores as low as 640 can qualify

DTI's up to 50% allowed in some circumstances

1-4 unit residences, condos, townhomes and manufactured homes allowed

Flexible income limits (low-to-moderate income)

Various First Mortgage Loan types available to fit the needs of the homebuyer (FHA, VA, USDA and Conventional financing)

The Golden Opportunities Program helps low-to-moderate income homebuyers in California purchase a home with little-to-no money out of pocket by providing down payment and/or closing cost assistance (DPA) with an FHA, VA or USDA Mortgage Loan.

Program Highlights

Financial assistance up to 5% of the First Mortgage Loan amount

Assistance can be used towards down payment and/or closing costs

Homebuyer does not have to be a first-time homebuyer to qualify

Perfect credit not required. FICO scores as low as 620 can qualify

DTI's up to 55% allowed in some circumstances

1 unit residences, condos, townhomes and manufactured homes allowed

Flexible income limits (low-to-moderate income)

Various First Mortgage loan types available to fit the needs of the homebuyer (FHA, VA and USDA financing)

FHA loans are insured by the Federal Housing Administration and are popular among first-time homebuyers. These loans have more lenient credit requirements and allow for a lower down payment (as low as 3.5% of the purchase price). FHA loans are available through various lenders in California.

Well built, affordable housing is essential to the vitality of communities in rural America. Rural Development’s Single Family Housing Programs give families and individuals the opportunity to buy, build, or repair affordable homes located in rural America. Eligibility for these loans, loan guarantees, and grants is based on income and varies according to the average median income for each area.

USDA Rural Development offers qualifying individuals and families the opportunity to purchase or build a new single family home with no money down, to repair their existing home, or to refinance their current mortgage under certain qualifying circumstances. 

Fannie Mae and Freddie Mac are government-sponsored enterprises that provide loan programs to promote homeownership. These programs offer conventional loans with competitive interest rates and flexible down payment options.