Down Payment Assistance

GSFA Down Payment Assistance

One of the biggest challenges facing homebuyers in California, is coming up with the down payment and closing costs associated with a home purchase. — We are here to help!

GSFA's down payment assistance (DPA) programs are available for the purchase or refinance of a primary residence in California. The DPA can be used towards down payment, closing costs, or to reduce the principal on the First Mortgage Loan.

Programs are designed to be flexible and accessible, with no requirement that the applicant be a first-time homebuyer to qualify. You don't have to have perfect credit and the income limits are very generous, much higher than you might think. Plus, borrowers with income at or below 80% of the Area Median Income may qualify for additional features, such as improved interest rates, lower MI coverage requirements and more DPA assistance.

Explore Available Programs

To learn more about individual down payment assistance programs sponsored by GSFA, click the links below. When you are ready to apply or have specific questions about what Program is the right fit for you, reach out to one of our Participating Lenders. Our Lenders will explain program guidelines, provide interest rates and APRs, look at finances and help you make the right decision for your specific situation and needs.

Ready to Apply?

If you are a homebuyer interested in applying for any of the GSFA down payment assistance programs, reach out to one of the GSFA Participating Lenders. Our Lenders will explain program guidelines, provide interest rates and APRs, look into your finances and help you make the right decision for your specific situation and needs.

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