Effective for GSFA Platinum mortgage loans reserved on or after March 1, 2018, the optional down payment assistance will be provided in the form of a second mortgage, forgivable after 3 years and with a 0% interest rate. The forgivable second mortgage replaces the existing down payment assistance gift.
Helping individuals and families bridge the affordability gap in homeownership remains GSFA's focus and we continue to navigate the changing housing market to generate the most innovative and competitive programs and products we can.
