California homebuyers often face the most difficult hurdle: down payment assistance. GSFA Homebuyer Assistance is meant to help borrowers close the affordability gap and make it possible for them to purchase sooner than expected.
The deferred Second Mortgage is the primary aid for GSFA Member County 'Assist to Own'. It is sized at 3.5% on the First Mortgage loan amount. It comes with a zero percent interest, meaning that the Second Mortgage is free from interest and monthly payments. When the First Mortgage is sold or refinanced, the Second Mortgage must be paid.
Additional closing cost and down payment assistance can be obtained in the form a gift, up to 2.2% of the First Mortgage Loan amounts, for a total 5.5% down payment assistance.
Borrowers must be employed in one GSFA Member County and have a California primary residence.
GSFA Member Counties: Alpine, Calaveras. Colusa. Del Norte. El Dorado. Glenn. Humboldt. Imperial. Inyo. Lake. Lassen. Madera. Mariposa. Mendocino. Merced. Modoc. Mono. Monterey. Nevada. Placer. Plumas. San Benito. San Luis Obispo. Santa Barbara. Shasta. Sierra.
(1) The GSFA Platinum Program also includes the "Assist To Own DPA" program for GSFA Member County. There are restrictions on all programs. You can find complete program guidelines and information about loan applications, interest rates, fees, annual percentage rates (APRs), and more by visiting a GSFA platinum Participating Loan Lender.
Jason Whigham
916-413-3967
email:jasonw@barrettfinancial.com
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California Areas Serviced
Call My-Down Payment Assistance 916-413-3967 - Team Whigham service all of Northern California and Southern California! Some areas included are: Sacramento | Natomas | Rosemont | Galt | New Castle | La Riviera | Rancho Cordova | Cameron Park | Fabulous Forties | Florin | Foothill Farms | Orangevale | Rio Linda | Elverta | Citrus Heights | Folsom | El Dorado Hills | Carmichael | Roseville | Lincoln | Loomis | Lodi | Antelope | Auburn | Granite Bay| West Roseville | Sun City Lincoln | Sun City Roseville | Auburn | Penryn | Gold River | Land Park | East Sacramento | Elk Grove| Pocket Area | Davis | Woodland | Contra Costa County | San Francisco County | Antelope | San Diego County | Alameda County | Yuba City | Ione CA | Jackson CA | North Highlands | Los Angeles County| Orange County | Long Beach | Los Angeles County | Placer County | El Dorado County | Amador County | San Diego County | San Bernardino County | Orange County | Alameda County | Sacramento County and many more in the Northern California and Southern California area.