GSFA Platinum® — Guide

Lender Participation Guide

GSFA Platinum® Program

This Participation Guide is intended solely for mortgage professionals. It provides Lenders (and real estate professionals) with comprehensive program guidelines and outlines the steps to begin participating in and/or originating GSFA Platinum Program transactions. The guide is organized into tabs below for convenient reference.

NOTE: Homebuyers looking to apply for Golden Opportunities homebuyer assistance should reach out to a Participating Lender for detailed program guidelines, interest rates, APRs, and the application.

Click on the tabs below to display contents.

GSFA Platinum® Term Sheets
Targeted Area Closing Cost Gift (FHA only) - NEW

As indicated in the term sheet above, borrowers purchasing homes in Targeted Census Tracts are eligible for an additional $5,000 in Closing Cost Assistance as a Gift on FHA Mortgage Loans, with the total Closing Cost Assistance not exceeding 6%.

View Targeted Census Tracts by County below:

If you are unsure of the property's census tract, please use the FRB Census Geocoder.

Income Limits

GSFA does not impose limits on FHA, VA, and USDA loans originated through the GSFA Platinum Program. For any applicable income limits, please consult the guidelines of the respective loan agencies.

To check the income limits for Freddie Mac Conventional Loans originated through the GSFA Platinum Program, please use the income limit lookup tool below.

Forms
Program Updates (Single-Family Bulletins)
Reservation System
US Bank Approval (Master Servicer)

Obtain approval as a Correspondent Lender with Servicer, US Bank, HFA Division

  • US Bank Correspondent Lending
  • Toll-free (800) 562-5165 (no voice mail)
  • E-mail:
GSFA Approval

Complete and return to GSFA signed copies of the following documents:

US Bank Support
  • Lender Management
    • For new or reactivation package requests, general inquiries on new or existing lenders, all existing account inquiries.
    • E-mail:
  • Client Support
    • For HFA program related inquiries.
    • 1-800-562-5165, Option 2
    • E-mail:
  • HFA Customer Care
    • Contact for post-closing/pre-funding status requests, questions on deficiencies, pooling, and post-closing/pre-funding policies and procedures.
    • 1-800-562-5165, Option 1
    • E-mail:
  • Lenders can also refer to the HFA Lending Directory that is in the Lending Guide in AllRegs.
    • Website: www.usbank.com/correspondent
    • Scroll down to ‘Discover customized partnerships for HFA lending’ section
    • Select the Select the ‘HFA Guidelines’ link
Lender / Realtor Training

We provide a variety of resources to help mortgage and real estate professionals in understanding and utilizing the GSFA homeownership programs on our Lender/Realtor Training page.

These include:

  • Online Webinars
  • In-Person Events
  • Lender Updates & Insights Videos
  • Additional Resources
Lender Training

View the Training Calendar and other resources.

Homebuyer Tri-fold Brochure - Lender/Realtor Template
Homebuyer Flyer - Lender/Realtor Template
Platinum "Select" Occupations Tri-fold Brochure - Lender/Realtor Template
Platinum "Select" Occupations Flyer - Lender/Realtor Template
Platinum "Select" USDA Tri-fold Brochure - Lender/Realtor Template
Platinum "Select" USDA Flyer - Lender/Realtor Template
Platinum "Assist-to-Own" Tri-fold Brochure - Lender/Realtor Template
Platinum "Assist-to-Own" Flyer - Lender/Realtor Template

GSFA Platinum® Program

Down Payment Assistance Up to 5.5% — Not Limited to First-Time Homebuyers

Imagine what down payment assistance could do for your borrowers.

Program Overview

The GSFA Platinum Program offers financial assistance of up to 5.5% of the Loan Amount to eligible homebuyers in combination with various First Mortgage Loans, including Conventional, FHA, VA, and USDA loans. There is no requirement for applicants to be first-time homebuyers to qualify.

The assistance is provided in different forms, depending on the selected Program option and the amount of assistance.

Read More

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