GSFA has helped more than 78,400 individuals and families in California to purchase homes, providing more than $569.7 million in down payment assistance. Setup as a GSFA OpenDoors Participating Lender is a 2-step process, as follows: Please Contact GSFA for assistance with this step. Open Doors USA President and CEO David Curry advocates on behalf of those who are persecuted for their Christian faith. For additional information, contact NHF Customer Service at (866) 643-4968 or email [email protected]: Message Center The Golden State Finance Authority (GSFA) Platinum grant program provides down payment and and closing cost assistance ranging from 3% – 5% of the loan amount in the form of a non-repayable gift.. Learn about GSFA OpenDoors FHA loan product this is only available for PRMG's retail division. You cannot use the program for vacation homes, second homes, or investment rentals. This includes FHA, VA, USDA, HUD-184, SETH Goldstar, CAFA Gold 100, and GSFA Open Doors loan programs. Please contact your corporate office. Hello all, I am looking for down payment assistance and my loan officer suggested the GSFA Open Doors program. Non-First Time Homebuyer. Click tabs below to display topic contents. |    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, Wednesday, December 9, 2020 | 10:00 AM - 11:00 AM PST, Tuesday, December 15, 2020 | 10:00 AM - 11:00 AM PST, Wednesday, December 23, 2020 | 2:00 PM - 3:00 PM PST, Tuesday, December 29, 2020 | 10:00 AM - 11:00 AM PST. Stats updated 01/06/2020 . 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. Stats updated 01/06/2020 California’s Golden State Finance Authority (GSFA) created the Platinum Program, which provides low-to-moderate income California homebuyers with down payment and/or closing cost assistance to help them achieve their goals of purchasing a home. All rights reserved. The Program features some enhancements to credit score requirements, debt-to-income ratios and pricing. GSFA Down Payment Assistance is available for owner-occupied homes. Yes, that’s correct a GIFT- It is NOT a second lien against the property. Add commas and decimals where appropriate but not $ or %. 2 Includes Up Front Mortgage Insurance of 1.75% (required by FHA) 3 MI based on FICO of 720 with Charter level coverage through MGIC. When combined they would reduce the money needed out of pocket and provide homebuyers with a tax credit each year. The templates are intentionally designed with blank input fields for the Participating Lender to add company and contact information before printing. 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