Helps 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.
Home buyers do not have to be a first-time home buyer to qualify. The GSFA OpenDoors Program is available to all home buyers.
Conventional, FHA, VA, and USDA 30-year mortgages are all options with down payment assistance.
As low as a 620 credit score is required for down payment assistance.
It all starts her by choosing the best down payment assistance option that fits your home purchase plan.
We will provide you an easy to follow estimate with loan program, down payment assistance, interest rate, monthly payment and cash to close.
Once you know your options you sumbit an application to become pre-approved.
Takes two minutes. Won't affect your credit score.
Buyers must have qualifying income, meet at least 620 credit score and occupy as primary residence. Ask your loan officer for additional qualifications.
Your down payment assistance depends on which program you qualify for and which program fit you best. Down payment assistance programs have income limits, but do not worry we can review all loan program options with you.
Yes, FHA is an excellent choice. We also offer Conventional, VA, and USDA 30-year mortgages. Each loan program have differnt guidelines.
Yes, we help home buyers every day to cover down payment and closing costs, help buyers achieve their goal of purchasing a home.
The DPA Second Mortgage provided through the GSFA OpenDoors Program has a repayment requirement. The Deferred DPA Second Loan has a 30-year term and a zero percent note rate. It accrues no interest, has no monthly payments, but is due and payable upon sale, refinance or payoff of the First Mortgage. Any DPA provided as a Gift, does not have to be repaid.
Start with “FIND MY DOWN” answer the questions, connect with our down payment assistance specialist and have your options emailed to you.
Speed matters. Which is why you can start your estimate today. Without affecting your credit score.
Find My DownTMWon't affect your credit score.