August 23, 2024 | Bulletin #24-21

Clarifications Regarding Manufactured Homes under the GSFA Platinum Program

We have updated the GSFA Platinum CONVENTIONAL Term Sheet to provide clarifications regarding manufactured homes as follows:

Manufactured homes are allowed with Conventional Financing under the GSFA Platinum Program with maximum 95% LTV/TLTV ratios, a minimum FICO of 660 and a maximum DTI of 45%. Manual underwriting is not allowed.

Additional Resources

• GSFA Platinum Participation Guide
• GSFA Platinum FHA/VA/USDA Term Sheet
• GSFA Platinum CONVENTIONAL Term Sheet
• Customizable Literature

Updated Application Form for ReCoverCA HBA (DR-HBA) Program

The following document for the ReCoverCA Homebuyer Assistance (DR-HBA) Program has been updated:

• DR-HBA002-Application_and_Affidavit

Lenders are encouraged to bookmark the ReCoverCA HBA Participant Guide for all current program documents.

© 2024 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 policies, eligibility requirements, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

For questions or additional assistance regarding this bulletin, please Contact Us.

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