July 1, 2020 | Bulletin #20-14
Updated Income Limits on Conventional Loans for GSFA Platinum and GSFA OpenDoors Programs
GSFA announces new Income Limits for Conventional Loans for borrowers with income above 80% Area Median Income (AMI) for both the GSFA Platinum and GSFA OpenDoors Program. The updated income limits are based on the county in which the property is located and will be effective for all Conventional loans locked on or after July 12, 2020.

The updated Income Limits will be available on the GSFA on July 12, 2020.

Borrowers ≤ 80% AMI (Area Median Income):
  • Will have separate, more attractive pricing and DPA options; and
  • Eligible for the Charter Level Coverage MI of the Freddie Mac HFA Advantage product.
Updated Income and Sale Price Limits for GSFA Mortgage Credit Certificate Program
GSFA announces updated Income and Sales Price Limits for the GSFA Mortgage Credit Certificate (MCC) Tax Credit Program. The updated limits will be effective for all new MCC reservations made on or after July 2, 2020.

Updated limits will be published on the GSFA website July 2, 2020.

Additional Resources:
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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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