Homebuyers interested in the GSFA OpenDoors Program will want to Contact Us for a referral to a GSFA OpenDoors Participating Lender for more information and/or a program application. The DPA Second Mortgage provided through the GSFA OpenDoors Program has a repayment requirement. First and foremost your down payment can be as low as 3.5% of your new home’s value. A few Popular CA Loan Options are CalHFA, OpenDoors GSFA, conventional loans, etc. The GSFA OpenDoors Program (Open Doors Program) provides homebuyers in California down payment assistance (DPA). Home buyers must also occupy the purchased home as their primary residence. Co-brand with GSFA to increase your REALTORS® business. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License No 41DBO-78367. Please note: If you need to download the most recent version of Acrobat Reader, you may do so by clicking on the "Get Acrobat Reader" button displayed below. These are often state-specific. GSFA OpenDoors™ — Down Payment Assistance Program A New Homeownership Program from GSFA, featuring up to 7% in down payment assistance GSFA OpenDoors™ Lender Participant Guide Information in this Participant Guide is intended for mortgage professionals only. The Program features some enhancements to credit score requirements, debt-to-income ratios and pricing. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ Call Jason Whigham Now 800-807-5022. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ Fill out the form below to find out what options are available today. GSFA provides down payment assistance (DPA) programs to help California homebuyers purchase a home with little-to-no money out of pocket. Down Payment Assistance We know your biggest obstacle to a home purchase can be the required minimum down payment so DC Open Doors offers down payment assistance loans (DPAL) that bridge the financial gap between the purchase price of your home and your first trust mortgage loan. It accrues no interest, has no monthly payments, but is due and payable upon sale, refinance or payoff of the First Mortgage. Open Doors Homeownership Program This program is temporarily unavailable. CalHFA MyHome Assistance Program – The MyHome Assistance programs provides $10,000 or 3% to 3.5% of the sales price or appraised value, whichever is less in down payment and closing cost assistance to first time homebuyers in California. Other resources for first time home buyers in Roseville CA searching on how to get down payment assistance in Roseville California. Both new and existing homebuyers can receive Down Payment Assistance of up to 6.5% of the mortgage amount with up to 4% as a gift that never has to be repaid! |    Privacy Statement    |    Follow us on Facebook    |    Contact Us, GSFA OpenDoors Term Sheet - FHA, VA, USDA Loans - (Gateway Mortgage Group), GSFA OpenDoors Term Sheet - Conventional Loans - (Gateway Mortgage Group), GSFA OpenDoors - Program Lender Agreement, Wednesday, December 23, 2020 | 2:00 PM - 3:00 PM PST, Tuesday, December 29, 2020 | 10:00 AM - 11:00 AM PST, Thursday, January 7, 2021 | 10:00 AM - 11:00 AM PST, Tuesday, January 12, 2021 | 2:00 PM - 3:00 PM PST, Wednesday, January 20, 2021 | 10:00 AM - 11:00 AM PST, Thursday, January 28, 2021 | 2:00 PM - 3:00 PM PST. Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289. The Riverside Down Payment Assistance Program is awarded to applicants in the form of an interest-free, 30-year deferred loan of up to $50,000, or 25% of the sales price, whichever is less. My-Down Payment Assistance is California’s most trusted name for down payment assistance programs. Resources for this video The Open Doors Program is designed to assist eligible first-time homebuyers with the purchase of an affordable home in the City of Phoenix. //--> . 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. (Due to COVID-19 program is currently on hold) In the unpredictable situation we are currently experiencing in the mortgage market, both interest rates and the ability to offer some products are being impacted. 3 CA Loan Officer Jason Whigham will Call / text you to go over your CA down payment assistance options Should you have further questions about the above documents, loan program specifics, participation requirements, etc., please Contact Us directly at (855) 740-8422 or email The CalHome Program provides applicants up to 17 percent of the total property price for down payment assistance, and 4 percent (up to $10,000) in closing costs assistance. My-Down Payment Assistance Announces the Launch of Their New First Time Home Buyers California Programs For 2021 Leading provider of down payment assistance programs is offering conventional loans that require only a 3% down payment and the popular FHA loans that require only a 3.5% down payment for persons looking to buy their first homes. All applications must have been submitted by July 31, 2020 to be considered. 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 … GSFA OpenDoors Program. Emeryville First Time Homebuyer Loan Program The First Time Homebuyer Loan Program that was established by the City of Emeryville provides down payment assistance … Reservations for this program are available Monday through Friday between 9:00 AM PST and 4:00 PM PST (holidays excluded). Eligible applicants must meet qualifying requirements for a CalHFA loan program. COVID Legal Documents Forms, guides and other legal materials that may be used due to the spread of the Covid-19 strain of the coronavirus. Golden State Finance Authority provides the GSFA OpenDoors down payment assistance (DPA) program to help California homebuyers purchase a home with little-to-no money out of pocket. Income limitations and debt ratio limitations apply. 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, Up to 6% of the First Mortgage Loan amount, Maximum debt-to-income ratio requirement 55%, Borrowers may have ownership interest in other properties at time of closing, Up to 7% of the First Mortgage Loan amount, Approved homebuyer education required for first time home buyers. By downloading and using the templates below, you certify that you are a GSFA OpenDoors Participating Lender and agree to abide by the GSFA Marketing Guidelines. Jason Whigham is a CA Down Payment Assistance Specialist in Roseville California. Home buyers interested in down payment assistance options in California must meet income and purchase price limits set by federal guidelines, while demonstrating creditworthiness and meeting standard mortgage underwriting requirements. Pre-registration is strongly recommended, as space is limited. Copyright© 2006-2020  Golden State Finance Authority (GSFA). Click tabs below to display topic contents. completes the GSFA Open Doors Registration Form on our website. Click Here to Register for any of the following: The marketing literature provided below is for use by Participating Lenders ONLY. Buyers could also benefit from the California Homebuyer’s Down payment Assistance Program (CHDAP), which provides buyers up to 3% of the purchase price to use for a down payment. When combined they would reduce the money needed out of pocket and provide homebuyers with a tax credit each year. SACRAMENTO, Calif., Dec. 18, 2020 /PRNewswire-PRWeb/ -- My-Down Payment Assistance, a top provider of down payment assistance programs based in Sacramento, California… GSFA has helped more than 78,400 individuals and families in California to purchase homes, providing more than $569.7 million in down payment assistance. The Deferred DPA Second Loan has a 30-year term and a zero percent note rate. The GSFA Platinum program is currently offline. Use of this Web site constitutes acceptance of our Terms of Use. USDA, Conventional: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3% of the purchase price or appraised value to assist with down payment and/or closing … Setup as a GSFA OpenDoors Participating Lender is a 2-step process, as follows: Please Contact GSFA for assistance with this step.