GSFA Platinum® Down Payment Assistance Program

Providing a Gift up to 5% of the Loan Amount

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 gift program.

 


What is the Size of the DPA gift?

To find out how much the down payment assistance gift through GSFA Platinum could be, multiply the gift percentage(1) by the loan amount. For example, a 3%-sized gift on a $150,000 loan amount = $4,500 (150,000 x .03).


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

 

(1) The size of gift depends on the loan type. Up to a 5%-sized gift is available in conjunction with an FHA, VA or Conventional 30-year fixed-rate mortgage and up to a 3%-sized gift in conjunction with a USDA 30-year fixed-rate mortgage through the GSFA Platinum Program. The gift is calculated based on the loan amount.

 

 

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