September 18, 2018 | Bulletin #18-18
Updates to Conventional Loan Financing Terms
The following updates to credit score and DTI requirements for Conventional loan financing under the GSFA Platinum Program are effective immediately:

Minimum Credit Score for GSFA Paid MI Options:
  • 660 if DTI 45% or less;
  • 720 if DTI exceeds 45%.


Maximum DTI for loans underwritten through an AUS:
(Unless a lower maximum DTI is required for product/property type per GSE, Insurer,
or HFA guidelines)
  • 45% maximum for loans underwritten through LPA with an “Accept” finding
  • 50% for loans underwritten through DU with an “Approve/Eligible” finding require a minimum representative credit score of 720


Lender Resources:

Marketing Literature Templates Promoting GSFA Platinum Gift Options for USDA Loan Guarantees Now Available
To help our GSFA Platinum lenders and real estate professionals promote the new gift options for USDA Loan Guarantees, we have developed marketing literature templates that can be customized with contact info.

The literature is available for download, customization and printing from the Marketing Support section of the website. The flyer and brochure for USDA Loan Guarantees is currently available in English, with Spanish translations to be available shortly.

Please note: Marketing collateral is setup with one or more embedded text fields for GSFA Participating Lenders and real estate professionals to input contact information prior to printing. These are text fields only.
© 2018 Golden State Finance Authority. All rights reserved.

Lender Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

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