GSFA Platinum borrowers with certain occupations are eligible to apply for a DPA Gift instead of a Second Mortgage. The DPA Gift never has to be repaid.

Qualifying occupations in CA include:

• Medical and Healthcare workers;
• Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers and others serving in a Law Enforcement capacity;
• Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; and
• Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff.

Program Highlights

• Financial assistance for down payment and/or closing costs (Now up to 5.5%).
• Homebuyer doesn't have to be a first-time homebuyer to qualify.
• Perfect credit not required. FICO scores as low as 640 can qualify.
• 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 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. On a $300,000 Mortgage Loan, 7% in assistance is $21,000.

The program is limited to owner occupied primary residences only. There is no first-time homebuyer requirement and the qualifying guidelines are flexible.

Program Highlights

Financial assistance up to 7%, to use for down payment and/or closing costs.

• Homebuyer doesn't have to be a first-time homebuyer to qualify.
• Perfect credit not required. FICO Scores as low as 620 can qualify.
• 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)

Mortgage Loan Officer

Marshawn Govan NLMS# 1370676

Appointments, Call, Message

Direct (559) 354-3100

Schedule a down payment assistance consultation:

https://calendly.com/marshawngovan

Get Prequalified

https://www.mkgenterprisescorp.com/home-purchase/