January 10, 2019 | Bulletin #19-01
Down Payment Assistance Options for FHA Loans Updated
Effective Monday, January 14, 2019, the amount of down payment assistance (DPA) available for GSFA Platinum FHA loan transactions with a borrower FICO 640-659 will increase by 0.5%. DPA will be available as 2.5% or 3.5% of the loan amount.

On Monday the interest rates published online for GSFA Platinum will reflect the Ginnie Mae FHA DPA Options as follows:

Ginnie Mae FHA (FICO 660+)
  • No DPA 
  • 3% DPA 
  • 4% DPA 

 Ginnie Mae FHA (FICO 640-659)
  • 2.5% DPA 
  • 3.5% DPA 

Note: The maximum DPA available for FHA loans is still 4% of the total loan amount. No changes have been made to the GSFA Platinum Program Term Sheets in response to this program bulletin.

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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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