GSFA OpenDoors™ — Down Payment Assistance Program

A New Homeownership Program from GSFA, featuring up to 7% in down payment assistance

What can the GSFA OpenDoors Program do for Homebuyers?

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.

Example: On a $300,000 Mortgage Loan, the OpenDoors Program can provide DPA up to $21,000.



Program Highlights(1)

  • 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.
  • 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)



Part IV Affordable Housing Series: GSFA OpenDoors Program

Click below to watch video.



Does the DPA Have to be Paid Back?

The DPA Second Mortgage provided through the GSFA OpenDoors Program has a repayment requirement. The Deferred DPA Second Loan has a 30-year term and a zero percent note rate. It accrues no interest, has no monthly payments, but is due and payable upon sale, refinance or payoff of the First Mortgage. Any DPA provided as a Gift, does not have to be repaid.



(1) Program Highlights only. GSFA OpenDoors Participating Lenders can provide complete program guidelines, current interest rates, loan applications, applicable fees and annual percentage rates (APRs.)

Contact Us for more information or a referral to a GSFA OpenDoors Participating Lender.


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