New Maximum Loan Limit
GSFA is pleased to announce an increase to the maximum loan limit for the GSFA Platinum Program, from $548,250 to $647,200 for 2022.
Lenders may reserve/lock new Platinum Program transactions applying the new loan limit beginning December 13, 2021. However, all transactions applying the new loan limit must be closed and funded AFTER December 31, 2021. In addition, FHA loan limits for 2022 only apply to case numbers assigned on or after January 1, 2022.
FICO Requirement Changed for FHA Transactions
Also effective December 13, 2021, the minimum FICO required for FHA loan transactions through the GSFA Platinum Program will be 640.
Program Term Sheets will be updated to reflect the changes above and published online in the GSFA Platinum Lender Guide shortly.
Additional Resources
