Special Training for NEW GSFA Affordable Subsidy - Bulletin #17-0711

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         GSFA Platinum Program  -  Lender Bulletin #17-0711  -  July 11, 2017   

Join us for a Special Lender Training Event Thursday July 13

Learn about the new incentive "GSFA Affordable Subsidy" available to Low Income Borrowers

 

GSFA, Freddie Mac US Bank have collaborated to host a special lender training webinar Thursday, July 13, 2017 from 11:00-11:30 AM PDT. At the event, we will discuss the new GSFA Affordable Subsidy available to qualifying borrowers purchasing a home with Conventional Loan financing through the GSFA Platinum Program. 

The income limits for the GSFA Affordable Subsidy are published in the GSFA Affordable Subsidy Promo Term Sheet.


How much money can my borrower qualify for?

  • 2.0% of the loan amount for income < 50% AMI.
  • 0.5% of the loan amount for income < 80% AMI.


Here is an example: 

The borrower qualifies for the 2.0% GSFA Affordable Subsidy on a $150,000 GSFA Platinum conventional mortgage loan. That's $3,000 for the borrower to use towards down payment and/or closing costs.


 

What are You Waiting For?

Golden State Finance Authority
LIP/VLIP Program Webinar
Thursday, July 13th 11:00-11:30 AM PDT

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Questions about this bulletin? Contact Us:

Phone

Call toll-free (855) 740-8422

Email

Email info@gsfahome.org

 

If you are the branch manager or main contact responsible for

distributing program updates and training announcements to the field, please forward this information.

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Additional Resources:

GSFA Affordable Subsidy Promo Term Sheet (with Income Limits)


GSFA Platinum Participant Guide


GSFA Platinum Program Term Sheet - Conventional Loans


View all our Lender Training & Education events 


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