Training & Education
We offer a variety of FREE training webinars and resources for mortgage and real estate professionals to learn about our programs and their advantages, guidelines and procedures...
This Participation Guide is intended solely for mortgage professionals. It provides lenders and real estate professionals with comprehensive program guidelines and outlines the steps for participating in or originating DR-HBA Program transactions. The guide is organized into tabs below for convenient reference.
NOTE: Homebuyers looking to apply for DR-HBA Program (aka ReCoverCA HBA Program) should reach out to a ReCoverCA HBA Lender for detailed program guidelines, interest rates, APRs, and the application.
Homebuyer assistance funds for the 2023 and 2024 flood events will be available for reservation starting November 10, 2025.
Click on the tabs below to display contents.
2023 and 2024 Allocation — Available for reservation November 10, 2025
2018 and 2020 Allocation
2017 Allocation
The household income limit is set at 80% of the Area Median Income (AMI) or below, based on household size and the county of the property. For full Program Policies, please refer to the Program Term Sheets above.
Eligible properties must be located outside of both a FEMA-designated Special Flood Hazard Area and a CalFire High or Very High Fire Hazard Severity Zone.
NOTE: Forms for the 2023/24 Flood Disasters will be available soon. Please check back for updates.
DR-HBA Program Applicants must complete a Homebuyer Education class prior to loan closing provided by HUD approved counseling agency eHome. The required education includes an 8-hour online Homebuyer Education Course and a 1-hour one-on one (1:1) Counseling Follow-up Session. Homebuyer education is independent, expert advice customized to the needs of a homebuyer to help achieve their housing goals.
The course provided through eHome is the only online course accepted for the DR-HBA Program. The fee is $99 and can be paid from the HBA Loan funds (Use coupon code GOLDEN for $5 off). A certificate of completion will be issued to the homebuyer after the online education and follow up 1:1 counseling have been completed.
The 8-hour online class will include the following elements:
Obtain approval as a Correspondent Lender with Servicer, US Bank, HFA Division
Complete and return to GSFA signed copies of the following documents:
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:
View the Training Calendar and other resources.
Homeownership Made Possible with up to $300,000 in Assistance
The ReCoverCA Homebuyer Assistance Program provides up to $300,000 in forgivable loan assistance to help low- and moderate-income households impacted by the 2023 and 2024 California floods to help them purchase homes in safer areas of California.
We offer a variety of FREE training webinars and resources for mortgage and real estate professionals to learn about our programs and their advantages, guidelines and procedures...
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