DOWN PAYMENT ASSISTANCE- GSFA PLATINUM GRANT

Introducing the GSFA PLATINUM GRANT, the closest thing to a true 0% down home loan! FHA/Conventional loan with a 3%, 4%, or 5% grant to cover the down payment (3%-3.5%) and closing costs! The grant is forgiven after 3 years as long as the buyer doesn't sell, change title, or refinance in those 3 years. Minimum expenses are the appraisal report ($505) & the credit report ($30). The buyer can have an excess remaining from closing costs so plan to either have them cover this or ask for seller credit. Ask for scenario info.

  • HIGHLIGHTS

  • 30 YEAR FIXED RATE ONLY.

  • MINIMUM FICO SCORE- 640+

  • ONLY 2 YEAR TAX RETURNS NEEDED

  • UP TO 50% DTI/DEBT TO INCOME RATIO

  • GRANT IS NOT A LIEN AND IS FORGIVEN AFTER 3 YEARS

  • SINGLE FAMILY RESIDENCES ONLY (1- UNIT/CONDO/TOWNHOME)

  • AVAILABLE FOR BOTH 1ST TIME AND NON 1ST TIME HOME BUYERS

  • BUYER WILL RECEIVE A GRANT OF 3%, 4%, OR 5% OF THE LOAN AMOUNT TO COVER THE DOWN PAYMENT AND CLOSING COSTS.

  • THE INTEREST RATE WILL BE BETWEEN 5%-5.75% DEPENDING ON THE AMOUNT OF ASSISTANCE THE BUYER WILL WANT TO RECEIVE.

  • INCOME LIMITS

  • HOMEBUYER EDUCATION

MARKETING MATERIALS:

  • Chris Borunda

  • Mortgage Specialist
  • C: 909.676.2286
  • E: cborlending@gmail.com
  • NMLS#1533396