April 9, 2025 | Bulletin #25-13

New Closing Cost Gift Available for Conventional Mortgage Loans (as well as FHA) Under the GSFA Platinum^® Program

We’re excited to announce an expansion of the GSFA Platinum Loan Program! Effective April 21, 2025, borrowers purchasing homes in Targeted Area Census Tracts through the GSFA Platinum Program are now eligible to receive a Closing Cost Gift of up to $5,000 on Conventional mortgage loans. (Note: This Targeted Area Closing Cost Gift is already available for FHA mortgage loans under GSFA Platinum.)

This new benefit is designed to help make homeownership more attainable by lowering upfront costs, allowing borrowers in targeted communities to achieve their homeownership goals with increased ease and affordability.

Additional Resources:

• GSFA Platinum - Program Overview
• GSFA Platinum - Lender Participation Guide
• Lender/Realtor Training
• Marketing Support

Key Details of the Targeted Area Closing Cost Gift:

• Eligibility: Borrowers purchasing homes in Targeted Area Census Tracts.
• Assistance Amount: Gift of up to $5,000 for closing cost assistance on Conventional and FHA mortgage loans.

© 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.

Stay Connected