GSFA Platinum® Down Payment Assistance Program

Homeownership May be Just Around the Corner

Show Me the Program in Action


Sometimes a potential homebuyer can make a house payment with no difficulty, but can't buy a house because they don't have the funds required for down payment and closing costs.

One solution to the problem — use a Down Payment Assistance (DPA) program such as the GSFA Platinum Program.

 


How Much DPA is available?

The size of DPA available to you depends on the type of First Mortgage Loan you choose. For example, up to 5% in DPA is available in conjunction with a Conventional 30-year fixed-rate mortgage. Up to 4% in DPA is available for an FHA or VA Mortgage Loan and up to 3% in DPA in conjunction with a USDA 30-year fixed-rate mortgage through the GSFA Platinum Program.

To calculate the DPA in dollars, multiply the DPA percentage(1) by the First Mortgage Loan amount. So, 3% DPA on a $150,000 loan amount = $4,500 (150,000 x .03).


Loan Amount 3%-sized DPA 5%-sized DPA
$150,000 $4,500 $7,500
$200,000 $6,000 $10,000
$250,000 $7,500 $12,500

 

 

 

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