GSFA Platinum

BY: Jason Whigham
May 30, 2022


GSFA Platinum Program

GSFA Platinum

Golden State Finance Authority will announce new homebuyer assistance to GSFA Member County employees who purchase or refinance a California home. The GSFA Member County 'Assist to Own' Program offers up to 5.5.% in closing cost and down payment assistance (DPA), combined with attractive First Mortgage Interest Rates.

GSFA Platinum

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.

GSFA Platinum Program
GSFA Platinum Program


Highlights from the Program(1)

  • You can get up to 5.5% off your first mortgage loan amount as a down payment or closing cost assistance.
  • You don't have to buy your first home to qualify for the Homebuyer program.
  • FICO Score requirements as low at 640
  • Eligible are single-family homes with 1-4 units, condominiums, and townhomes.
  • A variety of mortgage loan options are available (FHA/VA, USDA, Conventional Mortgage Loans).
  • Available to County employees within 37 Counties ( Member Counties).


GSFA Platinum
GSFA Platinum

Do I have to repay the assistance?

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.

Who is eligible to apply?

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.


  • Sacramento California Mortgage Broker
    Sacramento California Mortgage Broker









    Jason Whigham


    NMLS# 1448396



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