July 18, 2023 | Bulletin #23-13
NEW "Golden Opportunities" DPA
Program Now Available!
GSFA's NEW Down Payment Assistance Program called "Golden Opportunities" (GO Program) is now available for new loan reservations.

The GO Program will provide DPA up to 5% of the Total 1st Mortgage Loan Amount in conjunction with Government financing (FHA, VA and USDA First Mortgage Loans).
The DPA will consist of a 3.5%-sized 15-year, fully amortizing 2nd Mortgage with an optional Gift sized up to 1.5%.
Below are a few of the guidelines for the "GO Program", highlighting some of the Program's flexibilities.


Minimum FICO Score
  • FHA and VA: 620*
  • USDA: 640

*FICO 620-659 and/or DTI > 45% will be subject to Loan Level Price Adjustment of 50 bps.

Maximum DTIs
  • FHA, VA and USDA: 55% with AUS Approval
  • Manual Underwriting:
  • FHA not allowed
  • VA: 41%
  • USDA: 41%

For complete Program Guidelines for the NEW GO Program, visit the GO Program Lender Participation Guide.




In order to offer and originate Mortgage Loans through the GSFA "GO Program", Lenders must go through an approval and setup stage to verify that the Lender is capable of handling the responsibilities associated with originating loans on behalf of GSFA.


Step 1:
Approval as a Correspondent Lender with The Money Source (TMS) the "GO Program" Master Servicer.

For questions and New Lender Approvals with TMS, contact: hfaprograms@themoneysource.com.

Step 2:
Execute and return to GSFA the following documents located in the GO Program Lender Participation Guide:

1. Program Lender Agreement
2. Lender Profile

The GSFA required documents outlined above must be signed by an authorized officer within the company.
Lender Training Webinars - Online and FREE
Please join us for a live Lender Training webinar to learn more about the NEW GO Program.

Learn about:
  • The latest program updates.
  • Advantages of DPA for both client and lender.
  • Key dates and steps in the loan process.
  • Marketing tools and much more.

Various dates and times are available. Click on the event of choice, then click the "Register at" link in the description to reserve your virtual seat.
Don't Miss Out on EMPOWER Training and Marketing Event in Sacramento July 25th
Tickets Still Available - Get Yours Today!
Tue, Jul 25, 2023 9:00 AM PST
EMPOWER - Presented by Golden State Finance Authority
Office of Golden State Finance Authority, Sacramento
© 2023 Golden State Finance Authority. All rights reserved.

Program 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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