GSFA OpenDoors Program Effective immediately, a 680 minimum FICO is required for all newly locked Government Loans for the GSFA OpenDoors Program. 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 www.gsfahome.org | (855) 740-8422 . Forms, guides and other legal materials that may be used due to the spread of the Covid-19 strain of the coronavirus. Join GSFA for live webinars to learn program advantages and guidelines, how to process applications, key dates, marketing tools and much more. Various dates and times throughout May are available. The programs are provided by the Golden State Finance Authority (GSFA) and accessible to eligible borrowers by directly contacting a participating mortgage lender. |    Privacy Statement    |    Follow us on Facebook    |    Contact Us, GSFA OpenDoors Term Sheet - FHA, VA, USDA Loans - (Gateway Mortgage Group), GSFA OpenDoors Term Sheet - Conventional Loans - (Gateway Mortgage Group), GSFA OpenDoors - Program Lender Agreement, Tuesday, February 23, 2021 | 2:00 PM - 3:00 PM PST, Wednesday, March 3, 2021 | 10:00 AM - 11:00 AM PST, Thursday, March 11, 2021 | 2:00 PM - 3:00 PM PST, Tuesday, March 16, 2021 | 10:00 AM - 11:00 AM PDT, Thursday, March 25, 2021 | 2:00 PM - 3:00 PM PDT. Program Highlights (1) ELIGIBLE LOAN TYPES: FHA, FHA 203 (ks), Fannie Mae 80% AMI (limit $95,920) Over 80% AMI; Freddie Mac 80% AMI (limit $95,920) Over 80% AMI ; DPA: DPAL Options: Offered only with PLUS Products. Golden State Finance Authority Homebuyer Assistance Programs GSFA Platinum Down Payment Assistance Grant. https://www.facebook.com/thepowerisnow/videos/350590243188852 Prior Day Rates: (Note: Rates subject to change without notice) Contains clarification on minimum FICO requirements for Government Loans under the GSFA OpenDoors down payment assistance program. Click the link below to view availability and reserve your virtual seat. The Platinum down payment assistance program provides a non-repayable grant equal to 5% of the 1st lien loan amount. GSFA Program Bulletin #20-17 just published. Single-Family Program Updates (Bulletins). All rights reserved. DC Open Doors makes homeownership in Washington, DC affordable by offering qualified buyers home purchase loans and down payment assistance. UPDATE: From July 1 – December 31, 2017, in addition to the GSFA Platinum down payment assistance grant, low income borrowers may be eligible for a GSFA Affordable Subsidy, an additional incentive to help them with down payment and/or closing costs. Program Bulletins are intended for mortgage professionals only. Autism Job Training and Coaching in Huntsville, Alabama. GSFA Open Door Program. Example: On a $300,000 Mortgage Loan, the OpenDoors Program can provide DPA up to $21,000. 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). Specialty Lending Loan Programs, including Texas Veterans Land Board (TVLB), CAFA Gold 100, GSFA Open Doors and SETH GoldStar No Minimum Loan Amount DPAs Allowed: FHA/VA/Conventional Loans – For Conventional loans, Bonds, and Second Liens are ineligible for purchase GSFA is LIVE with Part II of a five-part series on homebuyer assistance programs in California. |    Privacy Statement    |    Follow us on Facebook    |    Contact Us. Call loan officer Jason Whigham 800-807-5022 & Save. Note: Special Programs may only be originated by trained, approved clients. If a loan is canceled for whatever reason, whether withdrawn or denied, GSFA charges a $400.00 cancellation fee. 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. I lastly decided on a business that was offering a low interest rate and likewise had a great track record. Resources for this video . . For additional information, contact NHF Customer Service at (866) 643-4968 or email info@nhfloan.org: Message Center PROGRAM DESCRIPTION GSFA OpenDoors™ Program is designed to increase homeownership opportunities for low GSFA Platinum Program: The GSFA Platinum program is currently offline. There are many lenders who advertise the programs, but are unable to offer you the programs and use it as a mere lead capture tool. Click Find My Down Now And Save Big." We make it easy with a variety of Lender Training events. 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 Non-First Time Homebuyer. Like the grant, this Subsidy never needs repayment. We help these minds reach their ultimate potential and lead them … Key Advantages of GSFA Down Payment Assistance Programs. (See Rates Tab) Closing Cost Subsidy click for details; INCOME LIMIT CRITERIA GSFA OpenDoors is designed to provide up to 7% in down payment and/or closing cost assistance in conjunction with FHA, VA, USDA and Conventional financing. The following guideline updates to the GSFA OpenDoors Program are effective immediately: Government FICO update Gateway Mortgage Group has reduced its minimum FICO requirement on all newly locked FHA, VA and USDA loans for GSFA OpenDoors to 640 . We offer full courses to help loan officers that are new to programs, brief sessions that cover the latest program updates or enhancements and special trainings co-hosted by business partners. Next Get Pre-Approved. Click the link below to view availability and reserve your virtual seat. Key Advantages of GSFA Down Payment Assistance Programs. Here is the info she presented: This estimate is for the FHA Open Door Program. Worldwide, Open Doors trained more than 3.8 million persecuted Christians through leadership and discipleship courses, trauma care training and persecution survival seminars. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ Welcome: Questions concerning logins? Please contact your corporate office. The program offers deferred repayable loans for a homebuyer’s minimum down payment requirement in addition to below-market interest rates for first trust mortgages for the purchase of homes in the District of Columbia. otItkcZThoFwUhF(); Thanks for watching this video, make sure to like, share, and subscribe! By downloading and using the templates below, you certify that you are a GSFA OpenDoors Participating Lender and agree to abide by the GSFA Marketing Guidelines. Legal Q&As. Program Highlights . California First Time Home Buyer "Take Quick Survey To Get Your Down Payment Option! Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. Reservations for this program are available Monday through Friday between 9:00 AM PST and 4:00 PM PST (holidays excluded). Programs like these can be coupled with seller paid closing costs and the MCC program. Program Bulletins are intended for mortgage professionals only. Resources for this video Learn More About California Open Doors GSFA Program and California Platinum Program by Golden State FinanDown Payment Assistance Program From it's Official Website: GSFA OPENDOORS PROGRAM; CalHFA Down Payment Assistance //--> The GSFA OpenDoors Program (Open Doors Program) provides homebuyers in California down payment assistance (DPA). GSFA. View bulletin here: https://conta.cc/3gSS27t # dpa # downpaymentassistance # affordablelending # homebuyer Down Payment Assistance Program California CalHFA GSFA First Time Home Buyers Cheat Sheet - Duration: 5:21. Thanks for watching this video, make sure to like, share, and subscribe! /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ Click Here to Register for any of the following: The marketing literature provided below is for use by Participating Lenders ONLY. The world needs all kinds of minds. DC Open Doors makes homeownership in Washington, DC affordable by offering qualified buyers home purchase loans and down payment assistance. *MI based on … For income limits on FHA, VA and USDA loans, please refer to loan agency guidelines. Part III of The Power is Now Media Affordable Housing Series featuring Golden State Finance Authority and Carolyn Sunseri Marketing Director. The Modern Lending Institute 1,293 views. You get 4.5 % Gift and a 2% 2 nd Second Line based on the loan amount not Purchase Price. They then route you to the easiest loan they can do, and not necessarily the one that make it the most affordable for you. GSFA Program Bulletin #20-17 just published. A New Homeownership Program from GSFA, featuring up to 7% in down payment assistance GSFA OpenDoors™ Participating Lenders While we are more than happy to answer questions, GSFA does not directly take nor process mortgage loan applications. Help potential buyers open the door to home-ownership by searching from over 400 available down payment assistance programs throughout California. Setup as a GSFA OpenDoors Participating Lender is a 2-step process, as follows: Please Contact GSFA for assistance with this step. When combined they would reduce the money needed out of pocket and provide homebuyers with a tax credit each year. 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.