December 15, 2022| Bulletin #22-16
Loan Limit Increase for GSFA DPA Programs
GSFA is pleased to announce an increase to the maximum loan limit for the GSFA Platinum and OpenDoors Programs, from $647,200 to $726,200 for 2023.

Lenders may reserve/lock Conventional Loan transactions for either Program applying the new loan limit beginning December 19, 2022. For FHA loan transactions, the new loan limits for 2023 only apply to case numbers assigned on or after January 1, 2023.

Program Term Sheets will be updated shortly and available in the participant guides on the website.


ATTENTION ALL PARTICIPATING LENDERS:
With all of the recent changes to the GSFA down payment assistance programs, we highly encourage our Participating Lenders to attend Lender Trainings to prevent conditions and buyback from the Master Servicer.


Additional Resources


For questions or additional assistance regarding this bulletin, please call us toll-free at (855) 740-8422 or email info@gsfahome.org.
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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.

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