GSFA Platinum® — Down Payment Assistance Program

Provides Down Payment Assistance in the form of a Gift or Forgivable Second Loan

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 (DPA) program such as the GSFA Platinum Program.

 


How Much DPA is available?

The size of DPA available to you depends on the type of First Mortgage Loan you choose. For example, up to 5% in DPA is available in conjunction with a Conventional 30-year fixed-rate mortgage. Up to 4% in DPA is available for an FHA, VA or USDA 30-year fixed-rate mortgage through the GSFA Platinum Program.

To calculate the DPA in dollars, multiply the DPA percentage(1) by the First Mortgage Loan amount. So, 3% DPA on a $150,000 loan amount = $4,500 (150,000 x .03).


Loan Amount 3%-sized DPA 5%-sized DPA
$150,000 $4,500 $7,500
$200,000 $6,000 $10,000
$250,000 $7,500 $12,500

 

 

 

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