Show Me the Program in Action
Sometimes a potential homebuyer can make a house payment with no difficulty, but can't buy a house because they don't have the funds required for down payment and closing costs. One solution to the problem — use a down payment assistance program such as the GSFA Platinum grant program.
What is the Size of the Grant?
To find out how much the down payment assistance grant through GSFA Platinum could be, multiply the grant percentage(1) by the loan amount. For example, a 3%-sized grant on a $150,000 loan amount = $4,500 (150,000 x .03).
|Loan Amount||3%-sized Grant||5%-sized Grant|
(1) The size of grant depends on the loan type. Up to a 5%-sized grant is available in conjunction with an FHA, VA or Conventional 30-year fixed-rate mortgage and up to a 3%-sized grant in conjunction with a USDA 30-year fixed-rate mortgage through the GSFA Platinum Program. The grant is calculated based on the loan amount.
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