GSFA Partners with USDA on Cash Back Program for Homebuyers
SACRAMENTO, CA – September 19, 2018 – Craig Ferguson, Golden State Finance Authority (GSFA) Deputy Director, joined Kim Dolbow Vann, U.S. Department of Agriculture (USDA) Rural Development California State Director, today to announce a partnership on a new gift program that will benefit rural homebuyers in California.
Individuals or families purchasing a primary residence in California with a USDA Rural Development Singe Family Loan Guarantee through the GSFA Platinum Program will be eligible for assistance of up to four percent in the form of a non‐repayable gift. The amount of the gift is based on the amount of the mortgage loan. Funds from the gift can be used for closing costs and/or principal reduction.
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GSFA Press Release, September 19, 2018 - GSFA Partners with USDA on Cash Back Program for Homebuyers
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GSFA Bulletin #18-18 published
~ Updates to Conventional Loan Financing Terms
~ Marketing Literature Templates Promoting GSFA Platinum Gift Options for USDA Loan Guarantees Now Available
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GSFA is pleased to announce another enhancement to the GSFA Platinum homebuyer assistance program!
Beginning, September 17, 2018, individuals or families purchasing a primary residence with a U.S. Department of Agriculture Rural Development loan guarantee through the GSFA Platinum Program will be eligible for down payment assistance and closing cost of up to 4% in the form of a non-repayable gift.
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NAPA COUNTY 2017 WILDFIRE VICTIMS - Grants are now available to Napa County residents whose ability to obtain, maintain, or restore housing was impacted by the 2017 wildfires. **Applications (in English and Spanish) must be postmarked by August 31, 2018.** Please share.
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GSFA is a local housing finance authority and a duly constituted public entity and agency, organized in 1993 and existing under and by virtue of Title 1 of the Government Code of the State of California (Articles 1-4 of Chapter 5 of Division 7).
GSFA has supported affordable homeownership in California for over two decades, providing homeownership programs featuring competitive interest rates and down payment assistance.
Over the past 24 years, GSFA has helped more than 74,800 individuals and families purchase homes and provided financing for 48,400 residential or commercial energy efficiency projects.
* According to findings from the second annual America at Home survey commissioned by NeighborWorks America."
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