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GSFA Platinum® — Guide
Lender Participation Guide
GSFA Platinum® Program
Information in this Participation Guide is intended for mortgage professionals only. The Guide furnishes Lenders (and real estate professionals) with complete program guidelines and an understanding of the steps to be taken to begin participating in and/or originating GSFA Platinum Program transactions. It is organized into tabs below for easy reference.
NOTE: Homebuyers interested in applying for GSFA Platinum homebuyer assistance will want to contact a Participating Lender for complete program guidelines, interest rates and APRs, and a program application.
Click on the tabs below to display contents.
GSFA Platinum® Term Sheets
- GSFA Platinum Term Sheet - FHA, VA, USDA Loans - (US Bank) — Updated 11/20/2024
- GSFA Platinum Term Sheet - Conventional Loans - (US Bank) — Updated 08/15/2024
Targeted Area Closing Cost Gift (FHA only) - NEW
As noted in the term sheet above, borrowers purchasing homes in select qualifying Census Tracts are eligible for an additional $5,000 Closing Cost Assistance Gift on FHA Mortgage Loans (not to exceed Total Closing Cost Assistance of 6%).
Income Limits
GSFA does not set income limits for FHA, VA, or USDA loans originated through the GSFA Platinum Program. Please refer to the guidelines of the respective loan agencies for any applicable income limits.
For income limits on Freddie Mac Conventional Loans originated through the GSFA Platinum Program, please use the income limit lookup tool below.
Forms
- GSFA Repayable Second Mortgage Loan Partial Exemption Disclosure — Updated 02/01/2019
Program Updates (Single-Family Bulletins)
- View Current Bulletins
- Subscribe to receive Bulletins directly to your inbox
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:
- GSFA Platinum - Program Lender Agreement - Updated 10/23/23
- GSFA Platinum - Lender Profile - 08/31/2016
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
View the Training Calendar and other resources.
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 provides financial assistance, up to 5.5% of the Loan Amount, to qualifying homebuyers in conjunction with a variety of First Mortgage Loans, including Conventional, FHA, VA and USDA loans. There is no requirement that an applicant be a first-time homebuyer to qualify.
The assistance is provided in a variety of forms, depending on the Program option and amount of assistance…
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