December 7, 2020| Bulletin #20-22
Loan Limit Update for DPA Programs
GSFA is pleased to announce an increase to the maximum loan amount for GSFA down payment assistance programs, effective January 1, 2021.

The new maximum loan amount will be $548,250, an increase from $510,400 in 2020. This change will be effective for all GSFA Platinum and GSFA OpenDoors loan transactions. Lenders may lock loans today, with the new loan limits, for delivery on or after January 1, 2021.

Program Term Sheets for both GSFA Platinum and GSFA OpenDoors have been updated to reflect this update and are available online in the respective lender participation guides.

For questions or additional assistance regarding this bulletin, please email info@gsfahome.org.

Additional Resources:
Join us for Lender Training on
GSFA Homebuyer Assistance Programs
Program training right from your desk through our webinars.
GSFA Platinum®
Down Payment Assistance
GSFA OpenDoors®
Down Payment Assistance
GSFA MCC®
Mortgage Credit Certificate
Knowledge is key to being successful as a mortgage professional in today's market.

The more you know about homebuyer assistance programs, the easier it is to match borrowers with the right products to fit their needs.
Join GSFA for live webinars to learn program advantages and guidelines, how to process applications, key dates, marketing tools and much more.

Various dates and times are available. Click the link below to view availability and reserve your virtual seat.
Training Recommended for:
Loan Officers, Originators, Processors and Underwriters
© 2020 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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