May 18, 2022| Bulletin #22-07
Updated Jurisdictions for GSFA Member County Assist-to-Own DPA
Effective immediately, the “Assist-to-Own” down payment assistance for employees of GSFA Member Counties, are no longer required to purchase or refinance in any specific County. As long the borrower is employed by a GSFA Member County, the borrower is eligible to apply for the "Assist-to-Own" DPA.

The "Assist-to-Own" feature, built into the existing GSFA Platinum Program, provides down payment and closing cost assistance (DPA), up to 5.5%, combined with attractive First Mortgage interest rates.

The primary DPA for the Member County “Assist-to-Own” feature is provided in the form of a 3.5% deferred Second Mortgage. The Second Mortgage has a zero percent interest rate, which means no interest is accrued on the Second Mortgage and no monthly payments are required. The Second Mortgage is due and payable upon sale or refinance of the First Mortgage.

Additional DPA is available in the form of a Gift, up to 2%, for a total of up to 5.5% in DPA for eligible borrowers.

Program Highlights
  • DPA up to 5.5% of the First Mortgage.
  • Attractive interest rates on the First Mortgage.
  • FICO Score requirements as low as 640.
  • DTIs up to 50% allowed.
  • No first-time homebuyer requirement.
  • Flexible income limits.
  • FHA, VA, USDA and Conventional Loan financing available.
  • Available to County employees in 37 Counties of California
To be eligible for the Member County “Assist-to-Own” feature of GSFA Platinum, borrowers must be employed by one of the GSFA Member Counties.

GSFA Member Counties are as follows: Alpine, Amador, Butte, Calaveras, Colusa, Del Norte, El Dorado, Glenn, Humboldt, Imperial, Inyo, Lake, Lassen, Madera, Mariposa, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Placer, Plumas, San Benito, San Luis Obispo, Santa Barbara, Shasta, Sierra, Siskiyou, Sutter, Tehama, Trinity, Tulare, Tuolumne, Yolo, and Yuba Counties.
The GSFA Platinum Program Term Sheets have been updated and are available online in the GSFA Platinum Lender Participant Guide. GSFA Lenders already approved for GSFA Platinum do not need any additional approval to offer the Member County "Assist-to-Own" DPA feature.

Marketing literature for Lenders and Realtors to promote the new DPA feature are in development and will be available shortly.

Additional Resources:
GSFA Learning Center (for Lenders/Realtors)
© 2022 Golden State Finance Authority. All rights reserved.

Program 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.

Stay Connected
Call us toll-free
(855) 740-8422
Visit us at