|    Privacy Statement    |    Follow us on Facebook    |    Contact Us, GSFA OpenDoors Term Sheet - FHA, VA, USDA Loans - (Gateway Mortgage Group), GSFA OpenDoors Term Sheet - Conventional Loans - (Gateway Mortgage Group), GSFA OpenDoors - Program Lender Agreement, Wednesday, December 23, 2020 | 2:00 PM - 3:00 PM PST, Tuesday, December 29, 2020 | 10:00 AM - 11:00 AM PST, Thursday, January 7, 2021 | 10:00 AM - 11:00 AM PST, Tuesday, January 12, 2021 | 2:00 PM - 3:00 PM PST, Wednesday, January 20, 2021 | 10:00 AM - 11:00 AM PST, Thursday, January 28, 2021 | 2:00 PM - 3:00 PM PST. The Riverside Down Payment Assistance Program is awarded to applicants in the form of an interest-free, 30-year deferred loan of up to $50,000, or 25% of the sales price, whichever is less. FHA: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with down payment and/or closing costs, with a cap of $10,000. Home buyers must also occupy the purchased home as their primary residence. Use of this Web site constitutes acceptance of our Terms of Use. All applications must have been submitted by July 31, 2020 to be considered. Compare this to a conventional mortgage, which typically requires a 20% down payment, and you can understand why so many homebuyers take advantage of the program. DC Open Doors (DCOD) is your key to homeownership in the city. Any DPA provided as a Gift, does not have to be repaid. CalHFA MyHome Assistance Program – The MyHome Assistance programs provides $10,000 or 3% to 3.5% of the sales price or appraised value, whichever is less in down payment and closing cost assistance to first time homebuyers in California. Resources for this video Other resources for first time home buyers in Roseville CA searching on how to get down payment assistance in Roseville California. Based on need, the program provides up to $15,000 to assist with down payment and closing costs. These are often state-specific. Program Training for Lenders and REALTORS®. Call Jason Whigham Now 800-807-5022. 3 CA Loan Officer Jason Whigham will Call / text you to go over your CA down payment assistance options otItkcZThoFwUhF(); The Open Doors Program is designed to assist eligible first-time homebuyers with the purchase of an affordable home in the City of Phoenix. Contact GSFA about Programs: Client Relations Department, Golden State Finance … The GSFA OpenDoors Program (Open Doors Program) provides homebuyers in California down payment assistance (DPA). Programs like these can be coupled with seller paid closing costs and the MCC program. Our Commitment Desk will lock uploaded pdf Registration Form. The Deferred DPA Second Loan has a 30-year term and a zero percent note rate. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ My-Down Payment Assistance Announces the Launch of Their New First Time Home Buyers California Programs For 2021 Leading provider of down payment assistance programs is offering conventional loans that require only a 3% down payment and the popular FHA loans that require only a 3.5% down payment for persons looking to buy their first homes. All rights reserved. By downloading and using the templates below, you certify that you are a GSFA OpenDoors Participating Lender and agree to abide by the GSFA Marketing Guidelines. Fill out the form below to find out what options are available today. Single-Family Program Updates (Bulletins). The DPA Second Mortgage provided through the GSFA OpenDoors Program has a repayment requirement. Please note: If you need to download the most recent version of Acrobat Reader, you may do so by clicking on the "Get Acrobat Reader" button displayed below. Should you have further questions about the above documents, loan program specifics, participation requirements, etc., please Contact Us directly at (855) 740-8422 or email The City of Phoenix Open Doors Homeownership down payment assistance program offers up to a maximum of $15,000 towards your down payment and/or closing costs in the City of Phoenix jurisdictional area. Until the markets find their new normal the situation is a fluid, day-to-day determination. //--> The Open Doors Homeownership Program provides up to $15,000 to assist first … First and foremost your down payment can be as low as 3.5% of your new home’s value. In addition, GSFA has provided financing for more than 35,250 residential or commercial energy efficiency projects in California. It accrues no interest, has no monthly payments, but is due and payable upon sale, refinance or payoff of the First Mortgage. • Save completed Registration Form in pdf format and upload into GEMS as a stored document under your first lien loan number. • The First and Second Liens each have a separate loan number and lock confirmation Moreover, the entity has provided more than $859 million in down payment assistance and has participated in the financing of over $13.7 million in first and second mortgages. The GSFA Platinum program is currently offline. ... Sacramento County and many more in the Northern California and Southern California area. A few Popular CA Loan Options are CalHFA, OpenDoors GSFA, conventional loans, etc. Reservations for this program are available Monday through Friday between 9:00 AM PST and 4:00 PM PST (holidays excluded). completes the GSFA Open Doors Registration Form on our website. Eligible applicants must meet qualifying requirements for a CalHFA loan program. California offers many Down Payment Assistance Home Loan Purchase Programs: Looking to purchase a home as a first time home buyer (has not owned or been on title of a home in the past 36 months is defined as a first time homebuyer) and needing a little help with the down payment of closing cost, explore the many types of down payment assistance home loan programs available in California. GSFA has helped more than 78,400 individuals and families in California to purchase homes, providing more than $569.7 million in down payment assistance. Both new and existing homebuyers can receive Down Payment Assistance of up to 6.5% of the mortgage amount with up to 4% as a gift that never has to be repaid! USDA, Conventional: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3% of the purchase price or appraised value to assist with down payment and/or closing … Home buyers interested in down payment assistance options in California must meet income and purchase price limits set by federal guidelines, while demonstrating creditworthiness and meeting standard mortgage underwriting requirements. The GSFA OpenDoors Program helps low-to-moderate income homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA), up to 7% of the First Mortgage Loan amount. UP TO $15,000 IN HOME LOAN DOWN PAYMENT ASSISTANCE. Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289. Click Here to Register for any of the following: The marketing literature provided below is for use by Participating Lenders ONLY. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License No 41DBO-78367. The Open Doors Program provides homebuyers in California with flexible down payment assistance options. The Program features some enhancements to credit score requirements, debt-to-income ratios and pricing. Loans made or arranged pursuant to a California Residential Mortgage Lending Act License. GSFA provides down payment assistance (DPA) programs to help California homebuyers purchase a home with little-to-no money out of pocket. Buyers could also benefit from the California Homebuyer’s Down payment Assistance Program (CHDAP), which provides buyers up to 3% of the purchase price to use for a down payment. Golden State Finance Authority provides the GSFA OpenDoors down payment assistance (DPA) program to help California homebuyers purchase a home with little-to-no money out of pocket. Co-brand with GSFA to increase your REALTORS® business. The CalHome Program provides applicants up to 17 percent of the total property price for down payment assistance, and 4 percent (up to $10,000) in closing costs assistance. . Homebuyers interested in the GSFA OpenDoors Program will want to Contact Us for a referral to a GSFA OpenDoors Participating Lender for more information and/or a program application. The GSFA OpenDoors Program helps low-to-moderate income homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA), up to … Fairway Independent Mortgage Corporation, 2016 All Rights Reserved. In the unpredictable situation we are currently experiencing in the mortgage market, both interest rates and the ability to offer some products are being impacted. Learn More About CA Open Doors GSFA Program Down Payment Assistance Program From it's Official Website: The program provides down payment and closing cost assistance in the form of interest-free loans to qualified applicants for the purchase of their primary residence, to include single-family houses, condominiums, or cooperative units. Golden State Finance Authority provides the GSFA OpenDoors down payment assistance (DPA) program to help California homebuyers purchase a home with little-to-no money out of pocket. Fill out the form below to be contacted by a participating lender: This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Guide to GSFA OpenDoors Down Payment Assistance Program. CAHEC offers the Open Doors Homeownership Grant to nonprofit organizations, with tax-exempt status under section 501(c)(3) of the Internal Revenue Code, engaged in developing … GSFA OpenDoors Program. Down payment assistance programs are put in place to help eligible homebuyers provide funds for their down payment on a new home or closing costs. My-Down Payment Assistance is California’s most trusted name for down payment assistance programs. Open Doors Homeownership Program This program is temporarily unavailable. Applications for CAHEC’s 2020 Open Doors Homeownership Grant are no longer being accepted. We specialize in first time home buyer down payment assistance and closing cost programs. Setup as a GSFA OpenDoors Participating Lender is a 2-step process, as follows: Please Contact GSFA for assistance with this step. Example: On a $300,000 Mortgage Loan, the OpenDoors … 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. Open Doors Homeownership Grant. /* Munged addy code - YOU CAN EDIT COMMENT THIS TAG BETWEEN THE TWO STARS */ California Housing Finance Agency (CalHFA) - homebuyer programs, including downpayment and closing cost assistance, and foreclosure prevention resources CalVet Home Loans - for Veterans to buy a home in California; Community contacts - find out if your community offers homeownership assistance; Habitat for Humanity - through volunteer labor, builds and rehabilitates houses for … Pre-registration is strongly recommended, as space is limited. SACRAMENTO, Calif., Dec. 18, 2020 /PRNewswire-PRWeb/ -- My-Down Payment Assistance, a top provider of down payment assistance programs based in Sacramento, California… (Due to COVID-19 program is currently on hold) Income limitations and debt ratio limitations apply. You must be a first-time homebuyer for this program.