#2017 -1215 | December 15, 2017
Announcing Increases to Maximum Loan Amounts
GSFA is adopting the new maximum conforming loan limits for 2018 as published by the Federal Housing Finance Agency (FHFA) on November 28, 2017 . The new loan limits will be in effect for all GSFA Platinum conventional loans reserved on or after January 2, 2018.

Freddie Mac HFA Advantage loans will be allowed up to super conforming loan limits by County. (Super conforming loans must be underwritten through LPA). GSFA Paid MI Options will be limited to loan amounts up to $453,100.

The GSFA Platinum Term Sheets have been updated to reflect this update and are available online in the GSFA Platinum Participant Guide.

Additional Resources:
Servicing Release Premium Update
Effective February 1, 2018, Service Release Premium provided to Lender from Servicer at time of Loan Purchase will be as follows:

Conventional Loans
  • 0.50% for super conforming loans;  
  • 1.00% for all other loans.

FHA/VA/USDA Loans
  • 0.50% for loan amounts exceeding $453,100;
  • 1.00% for all other loans.


The GSFA Platinum Term Sheets have been updated to reflect this update and are available online in the GSFA Platinum Participant Guide.
Reminder: "GSFA Affordable Subsidy" Provides Additional Incentive for Low Income Borrowers
GSFA currently offers an added feature on the GSFA Platinum Program, the GSFA Affordable Subsidy, which offers borrowers at or below 80% AMI an additional incentive (up to 2.0%) to be used towards down payment and/or closing costs.

The GSFA Affordable Subsidy Promotional Offer has been extended until further notice.
Terms and conditions of the GSFA Affordable Subsidy are available online in the GSFA Platinum Participant Guide.
© 2017 Golden State Finance Authority. All rights reserved.

Lender Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

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