May 16, 2019 | Bulletin #19-06
GSFA is Getting Ready to Launch a New DPA Program!
Join Us for LIVE In-Person Lender Training
We work hard to provide you with the best affordable housing programs possible.

So, it is with excitement that we announce our new DPA program called "GSFA OpenDoors", coming to Correspondent Lenders this summer.


GSFA OpenDoors is designed to provide up to 7% in down payment and/or closing cost assistance in conjunction with FHA, VA, USDA and Conventional financing. It will feature some enhancements to credit score requirements, debt-to-income ratios and pricing. Complete program guidelines and Lender participation documents will be published when the program is officially available. The Program will be available to Correspondent Lenders of Gateway Mortgage Group as the Program's Master Servicer.

Get Your Insider's View of the New Program
Join Us at an Upcoming Lender Training

Golden State Finance Authority (GSFA) is hosting live lender trainings in May and June throughout the state to teach mortgage professionals about GSFA OpenDoors as well as GSFA’s other affordable housing programs.

Learn guidelines and qualifications, walk through our simple, no-hassle loan origination process and leave with the tools to market and promote a variety of useful programs and products to your clients. If you are a Mortgage Loan Originator, Loan Processor or Realtor ready to kick off new business, this training is for you!!!

Training Topics:
  • GSFA’s NEW OpenDoors™ Down Payment Assistance Program
  • GSFA Platinum® Down Payment Assistance Program
  • GSFA MCC® Tax Credit Program
  • FHA Energy Efficient Mortgage (EEM) Product
  • Freddie Mac HFA Advantage Product
NOTE:
Additional dates for Northern California will be announced shortly.
© 2019 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.

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