GSFA Platinum FHA / VA

The program is a grant which can be used for down payment or closing cost. This is a grant with no repayment required. This program is designed to help low to moderate income borrowers.


Credit score: 640 minimum
Property type: SFR, PUD, Condo
Occupancy: Primary residence
Down Payment: no minimum contribution
Loan to Value: 96.5%  CLTV:   105.5%
Gift Funds Allowed. No minimum buyer contribution.
Closing cost: Seller and/or lender can pay up to 6%
Debt Ratio: 45%
Income Limit: Income Limits Apply


Additional Notes:

  • Condos must be FHA approved / 95 LTV max
  • Lender-Paid Closing Cost program available
  • Impounds are not optional
  • Bankruptcy 2 yrs, Foreclosure 3 yrs, Short Sale 3 yrs (Standard)
  • First time buyer not required. Must be primary residence.
  • Homebuyer education is not required
  • 100% gift for closing funds allowed
  • Mortgage reserves are not required
  • No first time buyer OK
  • Flips transaction within 90 days acceptable.

All program are subject to change at anytime without any further notice


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