December 5, 2018 | Bulletin #18-23
Conventional Loan Limit Increase Effective January 1, 2019
In line with the recent announcement from the Federal Housing Finance Agency (FHFA) and Freddie Mac, GSFA will increase the conventional loan limit for the GSFA Platinum Program to $484,350 effective January 1, 2019.

We will update the Online Reservation System today, so that Participating Lenders may begin originating mortgages with this new loan limit. However, all Conventional Loan transactions with higher loan amounts eligible under the 2019 Conventional Loan limit must have funding or settlement dates on or after January 1, 2019.

The GSFA Platinum Conventional Term Sheet has been updated to reflect this update.
Update to the GSFA MCC Program Fees and 2019 Promotional Offer
Effective January 1, 2019, the following updates will apply to all new GSFA MCC reservations:
  • MCC Application Fee Application Fee: $450.00

  • Promotional Offer January 1, 2019 through June 30, 2019: GSFA MCC Application Fee will be reduced to $350.00 if the GSFA MCC reservation is made concurrently with a GSFA Platinum Program reservation.

To take advantage of the promotional offer, Lenders must provide GSFA with a copy of the GSFA Platinum Reservation Confirmation along with the GSFA MCC Closing Package.

The GSFA MCC Program Overview has been updated to reflect this update.
Single-Family Program Bulletins Consolidated
To improve efficiency, we have consolidated the Program Bulletins for the GSFA Single-Family Programs into a singular email subscription.

If you were previously subscribed for Program Bulletins for either GSFA Platinum or GSFA MCC, you will continue to receive Program Bulletins. The email subscription category for these bulletins is now titled “Single-Family Program Bulletins” going forward.

Thank you for your understanding.
© 2018 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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