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GSFA OpenDoors® — Down Payment Assistance Program

Single-Family No, I have never owned a house US Military - Active Duty American Indian Profession - Education Profession - Law Enforcement Profession - Firefighter Profession - Healthcare Disability

Type Of Program

Down Payment & Closing Costs

Program distribution

Second Mortgage

Program Originator

Golden State Finance Authority (GSFA)

Amount

$7.00

Contact

Blocks

Location
Description

Program Highlights(1)

  • Financial assistance up to 7%, to use for down payment and/or closing costs.
  • Homebuyer doesn't have to be a first-time homebuyer to qualify.
  • Flexible income limits (low-to-moderate income).
  • Various first mortgage loan types available to fit the needs of the homebuyer.
    (FHA, VA, USDA and Conventional financing)

Example: On a $300,000 Mortgage Loan, the OpenDoors Program can provide DPA up to $21,000.

AMI Limit

No

AMI

Employer Participation Required

No

Must Earn Counseling Certificate

No

Eligibility Limitations

Cash Sale Permitted

No

Cosigner Permitted

No

Owner Financing Permitted

No

Must be Primary Residence

No

Program Provider's Contact Name

Approved homebuyer education/counseling required if all borrowers are firsttime homebuyers. (Please refer to loan agency for specific requirements.)

Program Provider's Address

Approved homebuyer education/counseling required if all borrowers are firsttime homebuyers. (Please refer to loan agency for specific requirements.)

Program Provider's Phone

(855) 740-8422

Program Provider's Email

info@gsfahome.org