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GSFA Planum® — Homebuyer Assistance Program Golden State Finance Authority * This flyer contains general program informaon, is not an offer for extension of credit nor a commitment to lend and is subject to change without noce. For complete program guidelines, loan applicaons, interest rates and annual percentage rates (APRs) or a complete list of all occupaons qualifying for the GSFA Planum “Select” feature, contact a GSFA Parcipang Lender. Golden State Finance Authority (GSFA) is a duly constuted public enty and agency. Copyright © 2020 3005PL69 July 2020 Down Payment Assistance Giſt for “Select” Occupaons The GSFA Planum Program provides eligible borrowers with Down Payment Assistance (DPA) up to 5% of the first mortgage loan amount. The assistance can be used towards down payment and/or closing costs and many mes the assistance can help a homebuyer purchase a home with lile-to-no money out of pocket. The DPA is provided as a Giſt that never has to be repaid for the following “Select” occupaons: Medical and healthcare • Law enforcement • fire fighters • paramedics • emergency medical technicians • fire support staff • teachers • school administraon and staff (public and private). (For all other homebuyers, the DPA is a 0% Second Mortgage, forgiven aſter three years.) Program Highlights: • DPA is for down payment and/or closing costs. • DPA is a Giſt for Planum “Select” qualifying occupaons and 0% Second Mortgage (forgiven aſter 3 years) for all other borrowers. • No first-time homebuyer requirement. • FHA, VA, USDA and Conventional Loan Financing Options are available. General Guidelines*: • Purchase or refinance of a primary residence. • Minimum FICO 640 / Max DTI 45%. • Flexible Income Limits. Call us for more information or to get started. Platinum “ Select ” We want to help you achieve the dream of owning your own home.
