January 13, 2025 | Bulletin #25-02

Loan Limit Increase for GSFA DPA Programs

GSFA is excited to announce that, effective immediately, the maximum loan limit for the GSFA Platinum and Golden Opportunities Down Payment Assistance (DPA) Programs will increase to $806,500 in 2025, marking an increase of $39,550 from 2024.


This new loan limit will apply to loan reservations made on or after January 1, 2025.


Updated Program Term Sheets will be available soon and can be accessed in the respective participation guides on our website.

Guideline Update and Clarification for the ReCoverCA HBA (DR-HBA) Program

The following updates are effective immediately for all loans currently in the loan reservation system pipeline for the ReCoverCA HBA (DR-HBA) Program.


Preferred Language Information

For data collection purposes and as part of our commitment to equity and inclusion, we kindly request that Lenders specify the Preferred Language Spoken by the Applicant(s) on the DR-HBA002 - Application and Affidavit.


Pre-Screen Commitment Requirement

To provide clarity on the timing of a Residential Purchase Agreement (RPA) under the DR-HBA Program, we have implemented the following updates:

  1. Applicants are prohibited from executing an RPA until the Pre-Screen Commitment has been issued.
  2. Program funds cannot be used for fees accrued due to extension of the RPA.


Lenders must now confirm compliance with the above requirements on the DR-HBA002 - Application and Affidavit.


Updated Forms

The following Program forms have been updated to reflect these changes and clarification in the DR-HBA Lender Participation Guide:



Please ensure these changes are incorporated into your processes moving forward.

© 2025 Golden State Finance Authority. All rights reserved.


This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program policies, eligibility requirements, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.


For questions or additional assistance regarding this bulletin, please Contact Us.


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